The Presidential Committee on the Sale of Crude Oil and Refined Products has announced that the loading of the first batch of petrol from the Dangote Refinery will begin on Sunday, September 15. This was revealed by Zacch Adedeji, a committee member and Chairman of the Federal Inland Revenue Service (FIRS), during a briefing in Abuja on Friday.

Adedeji shared that starting from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will supply approximately 385,000 barrels per day (bpd) of crude oil to the Dangote Refinery, with payments to be made in Naira. He expressed satisfaction with the progress, stating, "I am glad to announce that all agreements have been completed, and the loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, September 15."

In return, the Dangote Refinery will supply Premium Motor Spirit (PMS) and diesel of equivalent value to the domestic market, also to be paid for in Naira.

The committee also discussed other agreements, including the sale of diesel in Naira to any interested buyers, while PMS will exclusively be sold to NNPC. "From October 1, NNPC will begin supplying about 385,000 bpd of crude oil to the Dangote Refinery, to be paid for in Naira," Adedeji said.

He further clarified, "Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker, while PMS will only be sold to NNPC. NNPC will then distribute it to various marketers for the time being. All related regulatory costs will also be paid in Naira."