The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has clarified the reasons independent marketers are unable to purchase petrol directly from Dangote Refinery. The association’s president, Festas Osifo, at a press conference in Lagos, yesterday, said the issue stems from a pricing disparity between the costs at whic...
Dangote Petroleum Refinery, sole producer of petrol being off taken and distributed for Nigerians, has declared that the government should end subsidy, a move that would cause imminent surge in the prices of the product to as high as N1,800 litre. The Founder of the 650,000 barrels per day capacity refinery, Alhaji Aliko Dangote, who […...
•Petrol queue Months prior to the unofficial jerk up of fuel prices to the present N1000 per litre in many filling stations, from the official price of N580 at NNPCL filling stations and N607 at other retail outlets, the country witnessed an unprecedented level of fuel scarcity that almost spalled it. The average motorist almost […]
•Libyan flag Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various [&helli...
•Trucks queue to lift petrol at Dangote Refinery The Nigerian National Petroleum Company Limited, NNPCL, has authorised major petroleum marketers to commence lifting the premium motor spirit, PMDS, otherwise known as petrol, from Dangote Petroleum Refinery under the existing agreement between it and the refinery. The initial agreement stated t...
•Oil vessel It has been revealed that three major oil marketers are expecting vessels of imported Premium Motor Spirit, popularly called petrol, this week barring any unforeseen circumstance, it was gathered yesterday. Dealers said about 141 million litres of PMS are being conveyed to Nigeria by the vessels following the full deregulation of t...
The Nigeria National Petroleum Company Limited, in a seemingly state of confusion, has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery. It was earlier earlier reported that in a statement this morning, the NNPC gave a chart breakdown of the refined petrol product it bought from [&hell...
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this this morning, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based [&helli...
•NNPCL truck line up for petrol at Dangote Refinery The Nigerian National Petroleum Company Limited (NNPCL) has tackled Dangote Refinery, insisting that it paid N898 per litre for the purchase of petrol from the refinery. Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated this while responding to a statement from the re...
•Dangote and NNPCL boss, Kyari The Dangote Refinery located in Lagos has denied selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre. A spokesman for the refinery Anthony Chiejina in a statement late yesterday described the claim by the NNPCL as “misleading and mischievous”. He said, “Our attention has be...
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