•Dangote and IPMAN logo The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members have temporarily suspended the loading of Premium Motor Spirit (PMS), also known as petrol, from the Dangote Refinery following the refinery’s halt in petrol loading operations. The development was disclosed by the Western Zone Chairman ...
•Dangote refinery loading bay Dangote Petroleum Refinery has switched payment for the sale of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK) to U.S. dollar. The new policy, which took effect immediately, applies to both gantry and coastal product sales, reports Daily Trust. Industry sources familiar w...
•Tinubu and Dangote Refinery The federal government is currently in a closed-door meeting with management of the Dangote Refinery and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), as it pushes for a fair reduction in the price of Premium Motor Spirit (PMS) or petrol nationwide. Our correspondent reported that t...
•Dangote Refinery loading bay The Dangote Petroleum Refinery has emerged as the world’s largest single exporter of aviation fuel in April, thanks to supply disruptions triggered by the conflict in the Middle East, which have significantly boosted exports of refined petroleum products to international markets. According to S&P Global, the d...
•Dangote and Otedola The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery. He revealed his plans today after leading top executives of First HoldCo to Dangote refinery. Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private invest...
The Dangote Petroleum Refinery has dropped the price of jet fuel from N1,750 to N1,650 per litre. The company disclosed this in a statement made available to the press yesterday. Recall that airlines in Nigeria recently threatened to stop operations due to the rising cost of aviation fuel, reports The PUNCH. Since the advent of […]
•Dangote Refinery The Dangote Petroleum Refinery has taken the federal government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel i...
•A fuel attendant pumps petrol into a motorcycle at a fuel station The Trade Union Congress (TUC) is proposing what it calls a “production subsidy” for Dangote Refinery and other modular refineries to help reduce the cost of premium motor spirit (PMS), better known as petrol. TUC president, Festus Osifo, said this last night on […]...
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) to ₦1,350 per litre, up from ₦1,275. The new increase marks a fresh upward adjustment in Nigeria’s downstream fuel market. A report by Petroleumprice.ng quoting market sources said that the new pricing template has been confirmed, and Proforma Invoice was suspen...
Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions over operational disruptions. In an internal communication to staff, the company said the decision followed an extensive review process ...
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