Oil marketers sourcing Premium Motor Spirit (PMS), commonly referred to as petrol, from Dangote Petroleum Refinery have reduced the price of the product by 11.8%, bringing it down to N939.50 per litre from the previous N1,060 per litre. As of yesterday, petrol was still being sold at N1,060 per litre, according to checks conducted by…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced that the price of Premium Motor Spirit (PMS) produced by the recently reopened Port Harcourt Refinery is ₦75 per litre higher than that offered by the Dangote Refinery. This information was disclosed by the association’s Public Relations Officer, Dr. Joseph Obele, during the…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has negotiated with Dangote Refinery to transport products directly from the refinery. Abubakar Garima, the President of the IPMAN’s National Chapter, confirmed this development during a press conference on Monday in Abuja after a session of the National Working Committee of the Association. He mentioned that this…
In light of a recent controversy regarding the lifting of petrol from Dangote Refinery, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has indicated that negotiations with the refinery concerning the lifting terms are still in progress. Recently, Alhaji Aliko Dangote, the president of the Dangote Refinery, claimed that the Nigerian National Petroleum Company Limited…
Ghana may consider purchasing petroleum products from Nigeria’s Dangote Oil Refinery once the facility reaches its full operational capacity, as stated by the head of the country’s oil regulatory body on Monday. As reported by Reuters, this development could potentially eliminate the need for monthly fuel imports from Europe, which currently amount to $400 million,…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called upon President Bola Ahmed Tinubu’s government to facilitate an increase in the Nigerian National Petroleum Company Limited’s (NNPC Ltd) investment in Dangote Refinery and Petrochemicals from its current 7% to a minimum of 45%. According to the group, this enhancement is deemed…
Salihu Lukman, a former National Vice Chairman for the North-West region of the All Progressives Congress (APC), has characterized the pricing of petroleum since the initiation of operations at the Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPCL) as being manipulative in nature. In a statement released on Tuesday, titled “Nigerian Democracy in…
