The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has revealed that only the Nigerian National Petroleum Company (NNPC) Limited will buy the Premium Motor Spirit (PMS) produced by the Dangote Refinery.
TheNewsGuru.com (TNG) reports Edun revealed this at a news conference in Abuja on Friday while disclosing that the Dangote Refinery will begin the distribution of PMS, popularly known as petrol, on Sunday.
Noting that the product would be trade in Naira, Edun, who was represented by the Executive Chairman, Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, at the news conference, explained that after NNPC buy from Dangote Refinery, the firm will then sell to various marketers.
“Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC. NNPC will then sell to various marketers for now,” he said, while adding that all associated regulatory costs (NPA, NIMASA, etc.) would also be paid for in Naira.