The sale of Premium Motor Spirit, otherwise known as petrol, is ready to be rolled out at the Dangote Petroleum Refinery.
Sources have revealed that the 650,000-capacity refinery engaged in a test-run of the product hoping that the product would hit the market soon.
It was also reported that the government and the Dangote Group were working out modalities for the circulation of the product.
A government source hinted that the sale and distribution of the PMS is being sorted out with the Federal Government.
The source added that only the Nigerian National Petroleum Company Limited would be authorised to sell the Dangote fuel at the moment.
Going memory lane, petrol from the Dangote refinery was supposed to have been out since June, but the refinery battled crude shortage and entered into a brawl with the Nigerian Midstream and Downstream Regulatory Authority, which accused the refinery of producing substandard diesel.
Considering the urgent demand for consumption of petrol, the Federal Government authorised that crude oil should be supplied to the refinery in the local currency which seems to be yielding the desired result.
Recently, the Federal Government announced that the crude oil supply deal would commence in October
The management of Dangote Group said the local price of crude would continue to increase because the trading arms offered cargoes at $2 to $4 per barrel, above NUPRC official price as it alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents.
