Dangote Refinery deploys CNG trucks to distribute petrol at N850 per litre

By Udeme Akpan & Obas Esiedesa

The Dangote Petroleum Refinery has intensified efforts done the usage of Compressed Natural Gas (CNG)-powered trucks to administer Premium Motor Spirit, PMS, besides known arsenic petrol astatine N850 per litre to antithetic parts of the nation.

Checks by Vanguard yesterday indicated that the deployment of the CNG trucks has enabled the 650,000 barrels per time refinery to prolong supplies arsenic NNPC Limited  accrued its depot terms to N900 per litre from  N850 per litre.

Chief Executive serviceman of Petroleumprice.ng, Olatide Jeremiah, said: “Generally, the depot prices person increased. Market information showed that petrol sold betwixt ¦ 870 and ¦ 900 per litre astatine cardinal depots successful Lagos and Calabar, reflecting a dependable ascent implicit the past week.

“In Lagos, wherever astir backstage depots trust connected imported supply, prices remained elevated adjacent aft caller reviews. Aiteo and Pinnacle some sold petrol astatine ¦ 890 and ¦ 870 per litre, respectively, portion Integrated Oil and Gas priced PMS astatine ¦ 870 per litre.

“At Calabar, Matrix Energy and Northwest Petroleum traded astatine ¦ 890 and ¦ 880 per litre, portion Sobaz Depot deed ¦ 900 per litre —the highest recorded truthful acold this month.”

“The hike successful depot prices would apt clang erstwhile the Dangote Petroleum Refinery completes its rehabilitation due to the fact that the works has the capableness to interaction the home market.”

However, the retail prices of petrol person accrued by 6.8 percent to N955 per litre, from N890 per litre sold past week.

The NNPCL, and stations owned by Independent Marketers successful Lagos and Abuja showed that the petrol was dispersed betwixt N900 and N955 per litre.

Also, petrol marketers crossed Abuja, the nation’s capital, connected Tuesday accrued their pump terms by implicit N50 per litre pursuing a akin summation by NNPC Limited. 

Checks astir the metropolis showed that Adova Plc raised their terms from N899 it sold past week to N945 per litre. AYM Sharfa besides hiked its pump terms from N910 per litre to N955 per litre.

Retail outlets managed by autarkic marketers besides raised their prices by arsenic overmuch arsenic N70 per litre, RYBN Station on Nyanya-Karshi Road dispensing astatine N997 per litre from N920 it sold past week.

Speaking to Vanguard astatine AYM Station successful Karu, a motorist, John Ogaba complained that the terms was getting retired of power aft hopes that the nonstop proviso by Dangote Refinery would further trim the price.

“The stations were selling beneath N900 per litre erstwhile Dangote announced that it volition proviso stations straight utilizing CNG powered trucks to trim the outgo of logistics. Why are we facing summation successful price?”

The station Dangote Refinery deploys CNG trucks to administer petrol astatine N850 per litre appeared archetypal connected Vanguard News.