₦airaland Forum

The Nigeria National Petroleum Company Limited has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery.

PUNCH Online earlier reported that in a statement on Monday morning, the NNPC gave a chart breakdown of the refined petrol product it bought from the refinery on Sunday, September 15.

The nation’s oil firm stated that it is paying the Dangote refinery in United States dollars for the September 2024 petrol offtake, adding that Naira transactions will only commence on October 1st, 2024.

The statement reads, “The NNPC Ltd. has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.

“The estimated prices are based on negotiated terms between NNPC Ltd. and Dangote Refinery which recognise the current international gasoline prices and the prevailing foreign exchange rate in line with the provisions of the Petroleum Industry Act (PIA) 2021.

“The NNPC Ltd. can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

“We reassure Nigerians that any discount from the Dangote Refinery will be passed on 100% to the general public.”

While the data of the estimated price to be sold around the country remains the same, the analysis of the transaction it had with Dangote Refinery was altered.

While the first press statement on Monday had a Nigerian Midstream and Downstream Petroleum Regulatory Authority fee of ₦8.99, the second statement showed ₦4.495.

The first statement had an inspection fee of ₦0.97, a margin fee of ₦26.48 and a distribution fee of ₦15.

In the second statement on Monday, there were no inspection and margin fees, while the distribution fee was changed to ₦42.45.

The second statement also had an additional Midstream and Gas Infrastructure Fund fee of ₦4.495.

The first statement had an inspection fee of ₦0.97, a margin fee of ₦26.48 and a distribution fee of ₦15.

In the second statement on Monday, there were no inspection and margin fees, while the distribution fee was changed to ₦42.4

DevilsEqual:


The distribution fees from the second statement is already more than the cancelled out Margin and inspection fees from the first


Even Neymar no dribble reach this one


PBAT needs to send Gbaja to NNPC and go see things for himself.

Its clear that Kyari just wanna succesfully and completely turn Nigerians against PBAT, while making loads of profits for himself. External Auditors get work to do

“We reassure Nigerians that any discount from the Dangote Refinery will be passed on 100% to the general public.”

DevilsEqual:


The distribution fees from the second statement is already more than the cancelled out Margin and inspection fees from the first


Even Neymar no dribble reach this one


PBAT needs to send Gbaja to NNPC and go see things for himself.

Its clear that Kyari just wanna succesfully and completely turn Nigerians against PBAT, while making loads of profits for himself. External Auditors get work to do

happney65:
Who is the Minister of Petroleum? No be Tinubu?

Oro werey

Oro osinwin

ValCon888:
The NNPC is a clandestine agency that is shrouded in mystery, sorcery, and devilry.

That company is the final boss of evil in this country.