A fleet of trucks was spotted loading Premium Motor Spirit (PMS), commonly known as petrol, at the Dangote Refinery in Ibeju-Lekki, Lagos State. These trucks, which are owned by the Nigerian National Petroleum Corporation Limited (NNPCL), were captured in videos shared on the Dangote Group’s X handle.
The post read, “First set of trucks set for loading of PMS at the Dangote Petroleum Refinery,” marking the first phase of operations at the refinery.
On Saturday, NNPCL revealed that hundreds of trucks would be deployed to the refinery on Sunday to load petrol. “In preparation for the Dangote Refinery’s scheduled petrol loading on Sunday, 15th September 2024, NNPC Ltd has been mobilizing trucks to the refinery’s fuel loading gantry in Ibeju-Lekki,” the NNPCL stated. As of Saturday afternoon, more than 100 trucks had already been deployed, with several more en route to the refinery.
This development comes just two days after the Presidential Committee on the Sale of Crude Oil and Refined Products announced that the loading of the first batch of petrol from the Dangote Refinery would begin on September 15. The committee made this known during a briefing in Abuja on Friday.
Zacch Adedeji, a member of the committee and Chairman of the Federal Inland Revenue Service (FIRS), confirmed that NNPCL would supply around 385,000 barrels per day of crude oil to the refinery, starting from October 1, 2024. The payment for this crude will be made in Naira.
“I am pleased to announce that all agreements have been finalized, and the first batch of PMS from the Dangote Refinery will begin loading on Sunday, 15th September,” Adedeji stated during the briefing. He further explained that the Dangote Refinery would reciprocate by supplying petrol and diesel of equal value to the domestic market, with payments also made in Naira.
In addition, the committee outlined that the Dangote Refinery would be allowed to sell diesel in Naira to any interested buyer, while the sale of petrol would be exclusive to NNPC. NNPC would then distribute the PMS to various marketers. All regulatory costs tied to these transactions will be settled in Naira as well.
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