•Dangote trucks Less than 30 days to the commencement of the highly anticipated rollout of 4,000 Compressed Natural Gas trucks by the Dangote Refinery and Petrochemical Limited, industry stakeholders have signalled an alignment with the refinery’s plan to begin direct fuel distribution to marketers and critical sectors of the economy from Augu...
•Aliko Dangote President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers should the existing distributors fail to allow the price crash in cooking gas, reports The PUNCH. However, [&helli...
•Queue at a filling station Filling stations across the country have adjusted the pump price of premium motor spirit (PMS), otherwise known as petrol, with a litre sold at almost N1,000 across the country. This followed the recent increase in the price of crude oil on the global market, triggered by the escalating Israel-Iran hostilities, [&he...
•Fuel tankers There is an imminent disruption in fuel supply following the failure of petroleum marketers and truck owners to lift products at Dangote Refinery and Lekki Seaport. This is in protest against the Lagos State government’s enforcement of N12,500 e-call-up levy on trucks operating along the Lekki-Epe corridor, reports Daily Trust. M...
Oil marketers have increased the prices of Premium Motor Spirit, also known as petrol, at filling stations amid ongoing competition with Dangote Petroleum Refinery. Data gathered by correspondent from Petroleumprice.ng today revealed that seven oil depots increased prices by a range of 1.45% to 2.90% between June 11 and June 13, reports Channe...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused petroleum marketers of exploiting Nigerians through inflated fuel prices, insisting that Premium Motor Spirit (PMS) should currently be selling for between N700 and N750 per litre. Speaking at a press conference in Abuja today, PENGASSAN President, Comrad...
The ongoing Israeli-Iran conflict has triggered upward adjustment in petrol prices by 10 marketers as crude oil rose 8.8 per cent to $74 per barrel from $68 per barrel. Crude prices are expected to rise further should Iran carry out its threat to block the Straight of Hormuz, which is responsible for the shipment of […]
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below the current N825 per litre price being sold by the Lekki-based plant. IPMAN Publicity Secretary, Chinedu Udadike, in an interview with our correspondent, stated that the refinery had the necessary e...
•Aliko Dangote The Dangote Petroleum Refinery has refuted claims by oil marketers that the facility does not have the capacity to meet local fuel demand. Officials of the refinery told our correspondent that the refinery has enough fuel to satisfy local needs and export to other countries, reports The PUNCH. Following a statement by the [&hell...
•Aliko Dangote With the new price drop in the ex-gantry cost of locally refined Premium Motor Spirit, also known as petrol, announced last week by the Dangote Petroleum Refinery, importers of the product may lose an average of N466.62m daily and N13.998bn monthly, our correspondent reliably gathered yesterday. This was as fresh industry data r...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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