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The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This came about two weeks after the Federal Government announced the removal of fuel subsidies. NNPCL Retail, in a circular released on Sunday, and obtained by The PUNCH, directed marketers to consider merging their old orders, which carry the old fuel price, in order to buy a truck of 45 million litres of petrol. The PUNCH gathered that marketers had, before the deregulation, ordered one truck of petrol for about N7.7m. However, the new circular by the company advised marketers who had probably ordered three trucks at N7.5m (N171/litre old price) to merge their orders or ask for a refund. “Following the full deregulation of PMS, NNPC Retail has made the following options available to help customers manage the impact of the additional cash flow requirement: Marketers now have the option of consolidating pre-paid self-owned tickets for fresh tickets in line with the revised price. Interested marketers can engage their respective NRL Depot representatives for guidance on how to initiate this option.

Punch