Day: February 11, 2025

NNPCL Mulls Fresh Petrol Price Cut Amid Rivalry With Dangote Refinery, MRS

Richard
NNPCL Mulls Fresh Petrol Price Cut Amid Rivalry With Dangote Refinery, MRS

The Nigerian National Petroleum Company Limited (NNPCL) is considering a new reduction in the price of Premium Motor Spirit (PMS), popularly known as fuel or petrol, following the MRS filling station’s announcement of a price cut in collaboration with Dangote Refinery on Monday. This development comes after the MRS filling station announced a price reduction for the first time in 2025. The oil company recently stated on its official X account that the new pump price has decreased to N925 per litre in Lagos, with prices of N933 in the…

Ondo APC, PDP clash over budget padding allegation

Editor

The Ondo State chapter of the Peoples Democratic Party, on Monday, demanded the removal of the Commissioner for Finance, Mrs. Omowumi Isaac, over allegations of budget padding in the 2025 Appropriation Bill. However, the ruling All Progressives Congress dismissed the accusations, stating that the PDP lacked a proper understanding of budgetary processes. Isaac and the Attorney General and Commissioner for Justice, Mr. Kayode Ajulo, are the only two commissioners remaining in the state cabinet after Governor Lucky Aiyedatiwa recently dismissed other members in preparation for his new administration’s inauguration on…

Dangote Refinery Targets Full Production Capacity, Remains Silent on Crude Supply

Editor

The Dangote Petroleum Refinery says it has raised daily production to 85 per cent of its 650,000 barrels per day capacity, hoping to hit full capacity in the next 30 days. Officials of the firm, however, declined to state where the plant intends to source its crude oil, as supply from Nigeria has been limited. The 85 per cent capacity indicates that the refinery is currently running at 552,500 barrels per day. The Vice President of Dangote Industries, Devakumar Edwin, told Reuters that plans are underway to hit full capacity…