Skip to content
Monday 2 February 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

NNPCL hits back at Dangote Refinery, insists paying N898 per litre of petrol

The FrontierThe FrontierSeptember 16, 2024 3562 Minutes read0

•NNPCL truck line up for petrol at Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has tackled Dangote Refinery, insisting that it paid N898 per litre for the purchase of petrol from the refinery.

Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated this while responding to a statement from the refinery, reports Daily Trust.

Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, had refuted the earlier claim of NNPCL that it bought fuel from Dangote Refinery at N898 per litre.

Speaking with our correspondent over the price of premium motor spirit (PMS), otherwise known as petrol, Soneye had said, “We successfully loaded PMS at the Dangote Refinery today. The claim that we purchased it at N760 per liter is incorrect. For this initial loading, the price from the refinery was N898 per liter.”

He also told our correspondent that as of the time of filing the report, over 70 trucks had been loaded.

It was earlier reported how the oil firm had moved about 300 trucks to the 650,000 capacity refinery in Lagos, on Saturday, and loading commenced yesterday.

But in its statement, Dangote Refinery accused NNPCL of misleading the public, asking Nigerians to await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Tinubu.

In a move suspected of further countering NNPCL’s narrative, Dangote Refinery added that the oil firm paid in dollars.

However, in its response, NNPCL admitted paying in dollars but emphasised that the naira sale would commence on October 1, 2024.

The NNPCL also dismissed the claim of Dangote Refinery that the Sub-Technical Committee appointed by the president would announce PMS price at the refinery.

“The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.”

“The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.

“The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

“The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.”

The oil firm subsequently gave a breakdown of its acquisition of from the refinery, attaching the estimated pump prices of PMS across NNPC Retail Stations in the country, “based on September 2024 pricing”.

See the attachment below:

Tags
Dangote refineryhits backNNPCLpetrol
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Free conversion of vehicles to CNG begins in Abuja, Lagos, others
next post Mass disconnection of phone lines not linked to NIN begins
Related posts
  • Related posts
  • More from author
Business & Economy

Billionaire businessman Otedola defends N748 billion bad loan write-off at First HoldCo Plc

February 1, 20260
Business & Economy

FG hands over Ikere hydropower plant to concessionaire

January 31, 20260
Business & Economy

Petrol to cost more as crude oil price rises further •Experts react

January 30, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
Health

Health workers’ strike grounds hospitals

February 2, 20260
Headlines

Travels: Presidency spends N34 billion on foreign exchange in two years

February 2, 20260
News

Oil-rich Eba Island tears Ogun, Ondo apart

February 2, 20260
Sports

South Africa replaces Morocco as host of Women’s Africa Cup of Nations 2026

February 2, 20260
Entertainment

Grammys Awards 2026: Nigeria misses out as South African singer Tyla claims another win

February 2, 20260
Health

Deadly snake bite: Federal Medical Center Abuja denies anti-venom shortage claims

February 2, 20260
Load more

inside the Hill top newspaper

February 9, 2025

Health workers’ strike grounds hospitals

February 2, 2026

Travels: Presidency spends N34 billion on foreign exchange in two years

February 2, 2026

Oil-rich Eba Island tears Ogun, Ondo apart

February 2, 2026

South Africa replaces Morocco as host of Women’s Africa Cup of Nations 2026

February 2, 2026

Grammys Awards 2026: Nigeria misses out as South African singer Tyla claims another win

February 2, 2026

inside the Hill top newspaper

0 Comments

Health workers’ strike grounds hospitals

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Again, Trump fined $10,000 for violating gag order

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

Ghana coach sacked after Black Stars’ disgraceful AFCON exit

January 24, 2024
3

10 killed, 10 injured in multiple accidents on Enugu-Port Harcourt Expressway

September 4, 2025
4

Star singer Davido’s father, Adedeji Adeleke donates N1 billion to church

August 18, 2024
5

INEC yet to show commitment to electoral reforms, says former Vice President Atiku

October 3, 2025
6

REVEALED: 200 children conceived from sperm donor with increased cancer risk

December 10, 2025
Popular
1

inside the Hill top newspaper

February 9, 2025
2

JUST IN: Abuja to experience 7-hour blackout

February 24, 2024
3

REVEALED: Tinubu shops for INEC Chairman Yakubu’s replacement

March 27, 2025
4

Crashed helicopter debris yet to be found one week after

October 31, 2024
5

Tougher time for borrowers, pensioners as inflation, interest rate gap widens – Experts

November 27, 2024
6

Our ordeals in Delta kidnappers’ den – Victims narrate breathtaking experiences

February 1, 2025

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

Niger State approves ₦80,000 minimum wage for civil servants

October 26, 2024

PDP’s Diri inducing voters with money – LP candidate

November 11, 2023

Confusion as female Keke Marwa passenger dies in Lagos

July 22, 2024

More trouble as fresh wave of defections hits PDP

May 10, 2025
Top posts

Categories

  • News4159
  • Politics3511
  • Crime3434
  • International2343
  • Sports1995
  • Business & Economy1928
  • Headlines1917
  • Education1123
  • Matilda Showbiz796
  • Health700
  • Entertainment645
  • Africa385
  • Religion384
  • Environment290
  • Special247
  • Hunger protests in Nigeria224
  • Arts & Culture203
  • Info Tech188
  • Interview160
  • Inside Akwa Ibom Today144
  • Opinion132
  • EyeCare with Dr Priscilia Imade101
  • Advert30
  • Epistles of Anthony Kila19
  • Trends11
  • Local News4

© 2025 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact