•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 ...
Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS) or petrol and Automotive Gas Oil (diesel) following a sharp upward movement tied to international crude market pressure. From $105 per barrel on Monday, Brent crude jumped to $118 yesterday, and to $125 per barrel as of the time of filing this report. […]
•Troops of the Nigerian Army Troops of the Nigerian Army have arrested 15 suspected oil thieves around the Ibeju Lekki axis of Lagos State. This is contained in an operational report made available to our correspondent today on in Abuja, reports NAN. The report revealed that the suspects were apprehended in the early hours of […]
•PETROAN President, Billy Gilly-Harris Oil marketers have called for liberalisation of the downstream sector, where other players with licenses will be allowed to import more Premium Motor Spirit (PMS) or petrol into the country. National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-H...
•TUC President, Comrade Festus Osifo The Trade Union Congress (TUC) has urged the federal government to deploy part of the excess revenue generated from higher-than-benchmarked crude oil prices to subsidise crude supplied to local refineries. TUC President, Comrade Festus Osifo gave the advice today, while briefing the media on State of the Na...
The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude oil prices triggered by geopolitical developments. The latest adjustment represents a N75 reduction from the previous price of about N1,275 pe...
•Dangote Refinery loading bay Amid rising geopolitical tensions in the Middle East and their ripple effects on global energy markets, the Dangote Petroleum Refinery has increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. A top official at the refinery, who confirmed the devel...
•Dangote Refinery loading bay Nigeria’s Dangote refinery has boosted exports of petrol and urea to African countries hit by supply disruptions caused by the Iran war. Aliko Dangote said yesterday that the 650,000-barrels-per-day refinery had helped cushion the full impact of the crisis both in Nigeria and across the continent, reports Channels...
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