AM ENERGY RESOURCES LTD

PRESS RELEASE

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery, Based on September 2024 Pricing

The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country.

The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but negotiated directly between parties on an arms length.

The NNPC Ltd can confirm that it is paying Dangote Refinery in USD for September 2024 PMS offtake, as Naira transactions will only commence on October 1st, 2024.

The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.

Attached to this statement are the estimated pump prices of PMS (obtained from the Dangote Refinery) across NNPC Retail Stations in the country, based on September 2024 pricing.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
Abuja

16th September, 2024

Dangote can not sell the PMS to the marketers or the public directly because of the cost, it's only NNPCL that can subsidies it and sell it to the marketers but they don't want to use the word subsidy.

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Hbd to the ifa oil & gas Alhaji Abdulwasiu wishing you more resourceful years ahead

Mr president don't run PADI PADI government we need technocrats that understand the business not selfish minds

Once upon a time

So unfortunate our refineries aren't working, dollar is risen, the effects will goes around each household, only time will tell.