Dangote Refinery is set to commence the distribution of its refined petrol to retail outlets across Nigeria starting this Sunday, BusinessDay’s findings have revealed.

Sources said the pump price of petrol will remain unchanged, despite the introduction of its product into the market. The initial daily allocation is expected to be 25 million litres, delivered through the NNPC Trading Limited at a cost of N765.99 to marketers.

“NNPC Trading Limited will continue to import a shortfall of 15 million litres to meet Nigeria’s daily demand for petrol estimated at 40-50 million litres a day,” a source said.

He added, “Each marketer will take a maximum of 50 trucks daily; They will buy at a price of N765.99 through the NNPC Trading Limited, including their costs movement and sell at the current pump price of N855 to N897 depending on the location per litre”.

To ensure a smooth transition, marketers have been instructed to start sending their trucks to the refinery today to facilitate the lifting process.

He added, “Next month Dangote refinery will move to a daily allocation of 30 million litres from then marketers will be picking by vessels”.

Business Day

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