News

Dangote Refinery to start loading petrol September 15

The Dangote Refinery will start loading petrol on Sunday, September 15, 2024

The Dangote Refinery will start loading its first batch of petrol on Sunday, September 15, 2024.

The Presidential Committee on the Sale of Crude Oil and Refined Products made the announcement on Friday.

The Chairman of the Federal Inland Revenue Service (FIRS) and a member of the committee, Zacch Adedeji disclosed this to newsmen in Abuja.

According to Adedeji, all necessary agreements have been finalised, announcing that from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will commence the supply of about 385 kbpd of crude oil to the Dangote Refinery.

“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, 15th September,” Adedeji said.

The FIRS chairman added that Dangote will supply PMS and diesel of equivalent value to the domestic market in exchange for payment in naira.

Adedeji also disclosed that all associated regulatory costs will also be paid for in naira.

“From 1 October, NNPCL will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in naira,” he said.

“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid for in naira.

“Diesel will be sold in naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPCL who will then sell to various marketers for now. All associated regulatory costs will also be paid for in naira.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version