NNPCL issues oil marketers fresh directive on refund, new price

NNPCL issues oil marketers fresh directive on refund, new price

The Nigerian National Petroleum Company Limited (NNPCL) has issued a fresh directive to oil marketers on how to go about getting their refunds and the new prices of petroleum products.

The NNPCL Retail gave this new directive in a circular released on Sunday and also informed oil marketers how much they will be paying now to get petroleum products.

“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,” the circular read.

“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 Representative for guidance on how to initiate this option.

“Also, there is an option for cash refund. Marketers who are interested in initiating this option should send in official request addressed to the MD NNPC Retail.

“The request should include evidence of payment and order details (RRR number, Sales quotation number and Meter ticket number).

“Upon receipt of official request together with the above supporting documents, your refund request will be made processed,” the memo from the NNPCL Retail read in part.

This new development has arisen about two weeks after the Federal Government of Nigeria (FGN) announced the removal of fuel subsidy.

Recall that President Bola Ahmed Tinubu (BAT) during his inauguration at the Eagles Square in Abuja on May 29 said that the era of payment on fuel subsidy is gone.

With the latest directive, the NNPCL has further 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.

Meanwhile, oil 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.

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