Marketers pay N766/litre to lift Dangote petrol

Marketers have begun lifting Dangote Petrol from the Nigerian National Company (NNPC) Trading Limited at the rate of N765.99 per litre.

,,,,,Findings showed some petroleum marketers who were able to complete their payment processes on the NNPC trading payment portal commenced the lifting of petrol earlier…..this week under the existing agreement between marketers and the refinery.

Managing director, 11Plc, Tunji Oyebanji, confirmed to BusinessDay on Thursday evening that some marketers have started lifting the products at N765.99 from Dangote Refinery through NNPC, the sole off-taker of product.

“We were among the first marketers to complete the payment on the NNPC portal. We have no direct arrangement with the refinery,” Oyebanji said.

…….BusinessDay learnt NNPC Retail, 11plc, Total Energies, A.A Rano are among the marketers that have picked up products from the refinery.

He added, “We don’t know the contractual financial arrangement between NNPC and the refinery but what I can confirm is we are buying at N765.99 from NNPC to lift Dangote petrol.”