•Dangote refinery In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. Dangote, in a statement yesterday, said the milestone achieved was as a result of the strategic collabora...
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has confirmed that petrol from the Port Harcourt refinery will be sold at N1,030 per litre, as disclosed by the Nigerian National Petroleum Company Limited (NNPCL). In a statement released last night, PETROAN’s spokesman, Joseph Obele, stated that the NNPCL officially...
•Port Harcourt refinery (L) and Dangote refinery The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has disclosed that Premium Motor Spirit (PMS), also known as petrol, from the recently reopened Port Harcourt Refinery is N75 per litre more expensive compared to that of Dangote Refinery. This disclosure was made by P...
The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and tr...
•Dangote “Those boasting to sell petrol below our price are importing substandard products”, Dangote Refineries said yesterday. The refinery which rolled out petrol from its plant on September 15, announced that it is selling to trucks at N990 per litre, reports The Nation. The company spoke through its Chief Branding/Communication Officer, Mr...
Barely three weeks after jerking up the price per litre of petrol, retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price of the commodity today in Lagos from ₦998 to ₦1, 025. In Lagos, our correspondent observed that many NNPCL outlets sold a litre of the essential commodity for […]
•Fuel depot Despite efforts to expand domestic capacity, there were indications, yesterday, that Nigeria would continue to import Premium Motor Spirit, PMS, also known as petrol, in the short and medium term because of the government deregulation policy, the inability of modular refineries to refine petrol, lack of funds and foreign exchange i...
Group Managing Director, Rainoil Ltd, Gabriel Ogbechie, has asked Nigerians to prepare to pay full market prices for petroleum products as a result of the full deregulation of the downstream sector. After President Bola Tinubu announced that subsidy was gone, the pump price of petrol rose from N198 to N545 per litre and the Nigerian […]
•Tinubu President Bola Ahmed Tinubu has said that Nigerian motorists now have a choice between paying N1,000 per litre for Premium Motor Spirit (PMS), commonly known as petrol, and buying Compressed Natural Gas (CNG) at N200 per Standard Cubic Meter. The president said this yesterday during a meeting with executives of the Nigerian Independent...
•Tinubu Daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29, 2023. Data obtained by our correspondent from the Nigerian Midstream and Downstream Product Regulatory Authority (NMDPRA) Daily Truck Out Report, showed that consumption as of...
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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