Oil marketers are awaiting the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery as the plant begins a production test-run of PMS ahead of full production in September.
A report by Reuters stated that the Dangote Petroleum Refinery is undergoing test runs for petrol production, with full operation expected to commence by mid-September.
Citing a note by IIR Energy, an oil industry monitor, the publication said the date could be extended further.
According to the report, IIR said in a note to clients that “it is possible that there could be further extensions”.
IIR Energy provides real-time, supply-side global market intelligence for the commodity trading community.
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The spokesperson of Dangote refinery, Anthony Chiejina, had yet to respond to enquiries when contacted by our correspondent on Thursday to speak on the matter, according to IIR Energy
Meanwhile, members of the Major Energies Marketers Association of Nigeria and their counterparts in the Independent Petroleum Marketers Association of Nigeria said they were still awaiting the price of the product from the $20bn plant.
