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Business & Economy

NNPCL: Dangote Refinery fails to meet 1.065 billion litres supply

The FrontierThe FrontierOctober 22, 2024 3221 Minutes read0

Controversy over the supply of petrol from Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL) deepened yesterday.

In a new twist, a document from the state oil company showed that the refinery has been unable to meet the supply request, reports The Nation.

According to the document, the NNPCL requested for 1.065 billion litres between September 15 and October 20.

But the Dangote Refinery supplied 317 million litres.

The document titled: “Summary of Volume Loading” showed that in September, the plant supplied 103 million litres, being 26 per cent of the 1.065 billion litres.

It also supplied 214 million litres, being 32 per cent of the expected volume.

The refinery rolled out petrol from its plant on September 15 with NNPCL as the sole off-taker.

However, since the beginning of this month when the implementation of the crude sale in naira to local refinery policy initiated by the federal government took effect, other marketers have been cleared to make direct purchases from the 650,000 litres per day refinery.

At the rollout of petrol, the NNPCL said it bought the product at N898 per litre from the plant.

But Dangote Refinery contradicted the organisation.

It did not give the amount it sold the product.

This month, in its updated template, the NNPCL said it bought the product at N977 from the plant. This was also disputed.

 

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