FG allows marketers to buy petrol directly from Dangote and other local refineries

Oct. 11, 2024 - Nairametrics

The Federal Government has authorised petroleum marketers to lift petrol directly from the Dangote refinery, bypassing the Nigerian National Petroleum Company Limited. The statement reads, “New Direct Purchase Model: The most significant change under the new regime is that petroleum product marketers can now purchase PMS directly from local refineries.

Upon the commencement of petrol production by the Dangote refinery, the NNPCL became the sole off-taker but that has changed now. Earlier this week, the NNPCL increased the retail price of petrol across its retail stations to over N1000 per litre.

In recent months, fuel queues have become a familiar scene in major cities across Nigeria, causing challenges for citizens seeking to purchase petrol...