New Fuel Price: NNPC Sells Dangote Petrol to Marketers N3 Cheaper [Video]

• The NNPCL has reacted to reports that a pricing agreement has been struck with the Independent Petroleum Marketers
• The price agreement was reached following the intervention of the Department of State Services
• Oil marketers and the NNPCL have been at loggerheads over the pricing of petrol lifted from the Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has clarified that the N955 per litre ex-depot petrol agreement reached with the Independent Petroleum Marketers Association of Nigeria (IPMAN) was temporary.

According to Olufemi Soneye, NNPCL’s chief corporate communications officer, the agreement is a one-time discount that should not be mistaken for a permanent price reduction.

TheCable had quoted Abubakar Maigandi, IPMAN president, in a report that NNPCL had agreed to lower the ex-depot petrol price for its member N955 per litre.

The development came after Maigandi accused the NNPCL of trying to sell petrol lifted from Dangote …