The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola disclosed this in a statement on Monday.
His comment comes amid indications that the $20 billion refinery will no longer commence fuel production in mid-August 2024 contrary to the president of Dangote Group, Aliko Dangote’s earlier projection.
Speaking on the development, Fashola said crude oil supply crisis remains a major problem for the Lagos-based refinery.
According to him, the official petrol price from the Nigerian National Petroleum Company Limited stood at N570 per litre while private depots sell at N700 per litre.
He, however, stressed that when Dangote’s fuel comes on board, the pump price may crash to N600 or N650 per liter.
“The official price from the NNPC is around N570/liter, but the third parties, the private depots sell PMS to most of our members at N700 and above
“Plus or minus, we hope Dangote can sell between N600 and N650/liter. N600 is still okay. However, it depends on the cost of the production from Dangote’s end”, he said.
Recall that last week, the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission engaged in a war of words over 26 million barrels of crude allocation.
Speaking on the development, Fashola said crude oil supply crisis remains a major problem for the Lagos-based refinery.
According to him, the official petrol price from the Nigerian National Petroleum Company Limited stood at N570 per litre while private depots sell at N700 per litre.
He, however, stressed that when Dangote’s fuel comes on board, the pump price may crash to N600 or N650 per liter.
“The official price from the NNPC is around N570/liter, but the third parties, the private depots sell PMS to most of our members at N700 and above
“Plus or minus, we hope Dangote can sell between N600 and N650/liter. N600 is still okay. However, it depends on the cost of the production from Dangote’s end”, he said.
Recall that last week, the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission engaged in a war of words over 26 million barrels of crude allocation.
From dailyxpost
This is a welcome development
ReplyDeleteThey should still bring the price down at least we now have refinery in Nigeria.
ReplyDeletePlease we can't wait any longer, it should even be sold at 200 naira please 🥺🥺
ReplyDelete600-650 naira per litre..
ReplyDeleteAnd we should be happy?
Are these guys alright at all?
Which kind shameless people be these sef..
No P sha.. na we cause am
600 per liter is still high
ReplyDeleteLet BAT take it to the price it was before he became president
I wonder! So what's now the difference?
DeleteGbam!
DeleteUse sense. What's the cost of crude? Add the cost of processing, storage transport and a marginal profit at the pump.
DeleteDon't think that while wishing others to run business that benefits you at a loss, you would not have the same wished upon you.
Hmmmmmmm
ReplyDelete600 is still high abeg, they should bring down.
ReplyDelete600 is still too high, please. They can still do better.
ReplyDelete#600 per litre is still high...
ReplyDeleteLet it go back to d price it was before Tinubu tenure
This is Awesome Development ooo
ReplyDeleteBut I dnt mind if is Sold between 200-300 naira per Liter ooo
For this 600-650 per liter is still better
Oya nahh let see how it goes ooo
Hello iya Boys
With the functionality of Dangote refinery, the price of pump price should crash more than 600 even up to 250, but because the oil marketers wants to keep exporting oil and stay in the corruptive business they are already putting it to him at 600.
ReplyDeleteThe oil marketers are the real mafias with their deceptive cronies and accomplices around the world who have milked Nigeria from it's natural resources.
It' seems this protest will yeld some good results. They should try and bring it down so that everyone can afford it.
ReplyDeleteLicious Babe
We still dey wait for the one wey dem promise us before, even for here, dem beat their chest say dem swear say e go come dan. Another promise don show again, naija my contri.
ReplyDelete