Ahead of the distribution of Premium Motor Spirit (PMS) from Dangote Refinery, scheduled to commence on Sunday, September 15, 20Wavebewsng has highlighted critical points that Nigerians should watch out for.
On Friday, the Nigerian government announced that the Nigerian National Petroleum Company Limited (NNPCL) would begin loading petrol from the Dangote Refinery on Sunday.
This development follows the earlier announcement by the President of Dangote Group regarding the rollout of PMS.
Here are the four key things Nigerians should know:
No Immediate Impact on Pump Prices: Despite the start of distribution from Dangote Refinery, this will not result in any adjustments to the petrol pump price at this stage.
- NNPCL is the Sole Distributor: At the initial stage, NNPCL will serve as the exclusive distributor of Dangote Refinery’s petrol. The company will distribute PMS to marketers for onward sale to the public.
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- Fuel Supply Stability: The commencement of petrol distribution from Dangote Refinery is expected to end the frequent fuel supply disruptions and shortages that have plagued Nigeria.
- Marketers’ Role in Distribution: Marketers will begin direct offtake of petrol from Dangote Refinery after they have reached a pricing agreement with the refinery, ensuring a smooth transition to broader market distribution.
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price Control: The sale of Dangote fuel will lead to stability in prices of the commodity. Marketers will be sure of buying at a particular rate and selling and a rate that is directly proportionate to the commodity bought.
This marks a significant step in Nigeria’s efforts to achieve fuel supply stability, with Dangote Refinery poised to play a major role in the country’s petroleum sector.
