Aliko Dangote, President of Dangote Group, has confirmed that Premium Motor Spirit (Petrol) from the $20 billion Lagos-based refinery will enter the Nigerian market within 48 hours, subject to Nigerian National Petroleum Company Limited’s (NNPCL) approval.
Dangote disclosed this on Tuesday an interview with Channels Television while officially announcing first the rollout of Petrol from its 650,000 per day Lagos-based refinery on Tuesday in Lagos.
He stressed that the $20 billion refinery will soon finalize talks with NNPCL to get the product across to Nigerians.
Speaking on the price of its petrol, Dangote noted that it will be the arrangement of the Federal Executive Council headed by President Bola Ahmed Tinubu to decide.
“The PMS can be on filling stations in the next 48 hours, depending on NNPCL.
“On PMS price, it is an arrangement that is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. As soon as it is finalised, which is what he is pushing once he finishes with FEC meeting, it can be today or tomorrow we are ready to roll out in the market,” he said.
Earlier, Dangote officially announced the first rollout of petrol on Tuesday.
