After weeks of enduring what many describe to be the worst fuel scarcity in Nigeria’s history, the Dangote Refinery finally sold trucks of petrol of the Nigeria National Petroleum Company Limited (NNPCL).
However, the petroleum company had to remain patient until September 15.
That was the day Dangote Refinery picked for the loading of the product.
That day, over 300 trucks stormed the refinery located in Lagos.
This development was brought to public notice via a statement by NNPC spokesperson, Olufemi Soneye, on his X handle on Saturday.
Petrol Loading Day
Soneye confirmed that the trucks were in position to commence the loading of petrol, scheduled for Sunday, September 15, 2024.
“NNPC Ltd. trucks are arriving at the Dangote Refinery in preparation for the scheduled petrol loading on Sunday,” Soneye said.
“By the end of today, at least 300 trucks will be stationed at the refinery’s fuel loading gantry,” he added.
This report brought nothing but joy to Nigerians.
At last, the problem of petrol scarcity was coming to an end.
Just when Nigerians thought the issue of fuel was over, the NNPCL announced that petrol prices will increase across the states.
“Even when we now have a refinery?”, many cannot help but wonder.
This new price followed a statement from NNPCL stating that it bought petrol at a higher rate from Dangote Refinery on Sunday.
As we speak, many Nigerians are of the opinion that the refinery is of no use, since Nigerians will still have to buy petrol at high rates.
New Fuel Price
According to the statement by NNPCL, contrary to the directive of the federal, Dangote Refinery sold its refined product on Sunday in US Dollars and not naira.
The statement, however, disclosed that Dangote Refinery will sell its October product in naira.
A breakdown of the chart from NNPCL showed Dangote Refinery sold petrol to NNPCL at ₦898.78 per liter.
Meanwhile, NNPCL paid Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of ₦8.99.
What followed was an inspection fee of ₦0.97, a distribution cost in Lagos of ₦15, margin ₦26.48.
NNPCL’s statement added that the estimated pump prices are:
Lagos – ₦950.22
Sokoto State – ₦999.22
Kano State – ₦999.22
Borno State – ₦1,019.22
Kaduna – ₦999.22
FCT – ₦992.22
Oyo State – ₦960.22
Rivers State – ₦980.00
Imo State – ₦980.22
From this report, except for Lagos State, other states of the federation will be paying higher because of distribution costs.
Distribution Cost
The distance from Dangote Refinery and NNPCL’s depot in Lagos State to other states of the country majorly would determine the price differences.
Also Read: #FuelScarcity: Petrol Loading Begins As NNPC Deploys 300 Trucks To Dangote Refinery
The report also showed that the six geo-political zones would be paying differently.
The North East states would be paying the highest per liter from ₦1,019.22, followed by North West states from ₦999.22, followed by North Central states from ₦992.22, followed by South East states from ₦980.22.
Furthermore, South South states will pay ₦980.22 and South West states will pay the least from ₦960.22, except Lagos State paying from ₦950.22.
