Fuel price: NNPC still sole buyer of Dangote Petrol – Marketers

Fuel price: NNPC still sole buyer of Dangote Petrol – Marketers

 Nigeria’s oil marketers have said that the Nigerian National
Petroleum Company Limited is still the sole-off-taker of Dangote Refinery
Petrol.

 

Zonal Chairman, South-West of the Independent Petroleum
Marketers Association of Nigeria, Dele Tajudeen disclosed this in a notice on
Wednesday after meeting with Dangote Group.

 

IPMAN said its team led by its National Vice President,
Hammeed Fashola met with the President of Dangote Group, Aliko Dangote on
Monday over the direct sale of petrol.

 

The meeting comes after the Nigerian government had
permitted marketers to directly purchase Dangote Petrol which ended NNPCL’s
reign as sole off-taker.

 

However, IPMAN said that the deal between NNPCL and Dangote
Refinery exists, although marketers had fruitful discussions with the refinery
on direct petrol sales.

 

“We had a very useful and fruitful discussion on the direct
purchase of products from the Dangote refinery.

 

“The Vice President of Dangote confirmed that the Minister
of Finance/ Coordinating Minister of the Economy, and the Minister of Petroleum
Resources have directed them to commence sales of products to marketers who
have duly registered with the refinery, but they are still having a pending
agreement with NNPC Ltd which still subsists.

 

“Until and when the agreement is terminated by either party,
the direct sales will still be on hold,” he said.

 

This comes as NNPCL recently increased its petrol to N1,030
per liter in Abuja.

 

Earlier, on September 16, NNPCL also adjusted its petrol
pump price after it purchased Dangote Petrol.

Source: Fuel price: NNPC still sole buyer of Dangote Petrol – Marketers

 - NigerianEye
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