•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...
•A fuel attendant A Financial Economist, Dumebi Oluwole, has explained why the recent drop in global prices of Brent from over $100 per barrel pre-war level to about $72 has yet to reflect at fuel pumps across the country. In Nigeria, the development has seen even the federal government calling for a reduction in prices […]
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...
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...
The Dangote refinery reduced its ex-gantry petrol price to ₦1,075 per litre today, representing a ₦100 drop from the previous rate of ₦1,175 per litre. Dangote Group’s Chief Communications Officer, Anthony Chiejina, told Channels Television on the phone that petrol supplied through coastal distribution will now sell at ₦1,050 per litre, report...
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, has risen to as high as N1,040 per litre in Lagos and N1,080 per litre in Abuja, following fresh adjustments by fuel marketers. The increase comes barely a day after the Dangote Refinery raised its ex-gantry price of petrol to N995 per litre, […]
The Dangote Petroleum Refinery has announced a new petrol petrol, an increase by over N100 per litre. The changes followed the rise in crude oil price to $80 per barrel in the international market. Marketers, including MRS Oil Nigeria Plc and Ardova Plc, will now have to adjust their pump prices. The new price was […]
•Dangote trucks at the gantry Dangote Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by N25 per litre. This means the ex-depot rate dropped from N799 to N774 per litre. The reduction was contained in a notice issued by the Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE, to markete...
Dangote Petroleum Refinery and Petrochemicals has announced an increase in the ex gantry price of Premium Motor Spirit (PMS) or petrol. The Refinery raised the product price from N699 per litre to N799 per litre. Its partner retail outlet – MRS, will sell at N839 per litre. The firm also reaffirmed its commitment to market […]
Despite intense competition in the downstream sector, many oil marketers have resisted the pressure to reduce the retail prices of Premium Motor Spirit, PMS, also known as petrol below the Dangote Petroleum Refinery price of N739 per litre. The Dangote Refinery had slashed petrol pump prices from about N900 to N739 last December, thus putting ...
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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