The Dangote Petroleum Refinery says it has reduced the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) as part of efforts to make petroleum products more affordable. Under the new pricing structure, the refinery reduced the price of petrol from N1,215 per litre to N1,165, representing a N50 reduction, while die...
•Passengers queue at a BRT terminal in Lagos Transport fares have risen again in parts of the country as petrol price climbed to as high as N1,400 per litre. The latest increase followed a surge in global crude oil prices, with Brent crude rising above $100 per barrel amid renewed tensions in the Middle East, […]
•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...
Nigeria’s most widely consumed transport fuel, Premium Motor Spirit, also known as Petrol, maintained a strong upward trajectory, as the average retail price paid by consumers rose to N1,596.25 per litre in May from N1,027.76 in the corresponding period last year, representing an annual increase of 55.31 per cent. However, every month, the inc...
•Fire A 28-year-old woman, Firdausi Musa, and her two young children sustained severe burns after her co-wife, Maryam Muhammad, allegedly doused them with petrol and set them ablaze in the Hotoro area of Kano metropolis. The incident, which occurred late Monday night at Mai Allo area of Hotoro quarters, has thrown residents into shock, with [&...
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. […]
•TUC President Festus Osifo The Trade Union of Nigeria, TUC, yesterday raised the alarm that the price of Premium Motor Spirit may climb to about N2,000 per litre if urgent measures are not taken to cushion the impact of rising global crude prices and the depreciating naira. Consequently, TUC has called on the federal government […]
•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...
•Dr. Paul Alaje Chief Economist at SPM Professionals, Dr. Paul Alaje, has advised the federal government to partner with the Dangote Petroleum Refinery in providing palliatives to the masses following the escalation in the ongoing war between Iran and the United States. He gave the advice when he appeared as a guest on Channels Television [&he...
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