Despite the operation of Dangote Refinery and two refineries belonging to the Nigerian government resuming operations, an energy expert, Kelvin Emmanuel, says blended Premium Motor Spirit (PMS) commonly known as petrol, from Malta is still being imported into the country. According to Emmanuel who was a guest on Channels Television yesterday, ...
The minimum pump price of petrol has not responded to the latest Dangote Petroleum Refinery ex-pot price slash of Premium Motor Spirit, PMS, also known as petrol to N899.50 per litre, from N970 per litre. Most petrol stations in Lagos have retained the old price range of N1,025 minimum in Nigeria National Petroleum Company Limited, […]
•NSCDC operatives The Nigeria Security and Civil Defense Corps, NSCDC has discovered a residential premises used in storing illegally refined petroleum products in Rivers State. The illegal storage facility located at Elelewo community in Obio/Akpor Local government area contains large storage tanks and cans filled with illegally refined petro...
•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...
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