Three major oil marketers expect vessels of imported Premium Motor Spirit, also known as petrol, to arrive this week, barring any unforeseen circumstances, according to reports on Tuesday.
According to dealers, the tankers are transporting approximately 141 million liters of PMS to Nigeria after the Federal Government fully deregulated the downstream oil sector.
They also stated that the recent increase in the pump prices of petrol produced by the Dangote Petroleum Refinery and distributed by the Nigerian National Petroleum Company Limited on Monday had created space for PMS imports.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority said that all imported PMS would be subjected to at least three key tests before being permitted for sale across the country.
On Monday, the NNPC stated that it would sell petrol from the Dangote refinery in the far north for more than N1,000 per litre.
Olufemi Soneye, the company’s spokesperson, said in a statement, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’.
According to Soneye, the price might reach N1,019 per litre in Borno State and N999.22 in Abuja, Sokoto, Kano, and other places.
The price will be N960 per litre in Oyo, Rivers, and other southern districts. According to an infographic released by the NNPC, the lowest price in Lagos and surrounding areas is N950.
Reacting to this on Tuesday, a major marketer confirmed that the deregulation of the downstream sector had fully set in, stressing that three dealers are expecting their products (PMS) this week.
