By Mario Deepromoter
Despite the counter accusations by both Dangote Refinery and NNPCL over prices, the price list of petrol has emerged online.
According to reports, this is because NNPCL bought petrol at a higher price from Dangote Refinery on Sunday.
NNPCL also mentioned that Dangote Refinery sold the petrol in US Dollars, not naira, against the federal government’s directive.
However, Dangote Refinery will sell its petrol in naira starting in October.
According to a breakdown from NNPCL, Dangote Refinery sold petrol to NNPCL at N898.78 per litre.
NNPCL paid Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fee of N8.99, inspection fee of N0.97, a distribution cost in Lagos of N15, margin N26.48.
NNPCL’s statement added that the estimated pump price in:
Lagos will be N950.22
Sokoto State N999.22
Kano State N999.22
Borno State N1,019.22
Kaduna N999.22
FCT N992.22
Oyo State N960.22
Lagos State N950.22
Rivers State N980.00
Imo State N980.22
An analysis of the chart showed that except from Lagos State, other states of the federation will be paying higher because of distribution costs.
The distance from Dangote Refinery and NNPCL‘s depot in Lagos State to other states of the country majorly would determine the price differences.
The report also showed that the six geo-political zones would be paying differently.
The North East states would be paying the highest per liter from N1,019.22, followed by North West states from N999.22, followed by North Central states from N992.22, followed by South East states from N980.22, South South states from N980.22 and South West states paying the least from N960.22, except Lagos State paying from N950.22.
At the time of filing this report, the presidency is yet to speak on the latest development.