The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited.
This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel.
This directive has established a robust framework for local production and distribution of crude oil and refined products for local consumption in naira.
“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC.
Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” the statement said...
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