Dangote Says It’s Time for Nigeria to Stop Petrol Subsidy
In a recent interview, Aliko Dangote urged the Nigerian government to stop petrol subsidies, stressing it is no longer sustainable for the country. Aliko Dangote, the founder of Dangote Petroleum Refinery, has called for an end to Nigeria’s petrol subsidy. In a conversation with Bloomberg TV on Monday, September 24, he explained why it’s the […]
Dangote Officials and Refiners Challenge Marketers Over Imported Petrol
The ongoing tension between domestic oil refiners and major oil marketers in Nigeria has reached a new level, with Dangote Refinery officials strongly criticizing the importation of low-quality Premium Motor Spirit (PMS), also known as petrol. This comes after the commencement of large-scale fuel imports by some oil marketers, despite the availability of locally refined […]
Major Oil Marketers to Import 141 Million Litres of Petrol Despite Local Production
In a notable development in Nigeria’s oil sector, three major oil marketers are set to import a total of 141 million litres of petrol this week. This importation comes despite the ongoing local production of petrol at the Dangote refinery. The primary reason for this large-scale importation is the recent deregulation of the downstream oil […]
Lukman Accuses Dangote Refinery and NNPC of Manipulating Petroleum Prices
Dr. Salihu Lukman, a former Vice Chairman of the All Progressives Congress (APC) in the North-West, has criticized the pricing of petroleum products since the Dangote Refinery started production. He claims that both the Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPCL) are manipulating fuel prices to create a monopoly that harms Nigerian […]
NNPCL Has No Right to Set Dangote Petrol Prices – Falana
Femi Falana, a respected human rights lawyer, has raised concerns over the Nigerian National Petroleum Company Limited (NNPCL) fixing the price of petrol produced at the Dangote Refinery. He claims that this action is illegal and goes against the regulations of the Petroleum Industry Act (PIA). Falana pointed out that Section 205 of the PIA […]
Can Nigeria Depend on Dangote Refinery for Petrol Supply? Marketers Say No
Nigerian petroleum marketers are raising concerns about the nation’s reliance on Dangote Refinery to meet its daily petrol needs. According to Billy Gillis-Harry, the President of the Petroleum Products Retail Outlets Owners Association (PETROAN), the refinery’s current production levels are insufficient to supply the entire country’s fuel demands. Speaking about recent developments, Gillis-Harry highlighted that […]
Fuel Queues Are Finally Over in Nigeria – Otedola
Nigerians can now say goodbye to the long-standing issue of fuel queues, according to businessman Femi Otedola. On Sunday, Otedola confirmed that the country has entered a new era as the Nigeria National Petroleum Company Limited (NNPCL) began loading petrol from Dangote Refinery. Otedola, owner of Geregu Power Plant, celebrated this milestone and praised President […]
Dangote Refutes NNPCL’s Claim of Selling Petrol at ₦898 Per Litre
The Dangote Refinery has denied reports from the Nigerian National Petroleum Company Limited (NNPCL) that it sold petrol to them at a high price of ₦898 per litre. According to a statement made on Sunday, Anthony Chiejina, a spokesperson for the Dangote Refinery, dismissed NNPCL’s claim, calling it both “misleading” and “deceitful.” He said, “Our […]
NNPCL Reveals Petrol Prices Across Nigeria After Dangote Refinery Delivery
The Nigerian National Petroleum Company Limited (NNPCL) has announced the estimated retail prices of Premium Motor Spirit (PMS), commonly known as petrol, across various states for September 2024. These prices are based on the latest supply from Dangote Refinery. Nationwide Petrol Price BreakdownAccording to NNPCL spokesperson, Olufemi Soneye, the new petrol prices were released following […]
Petrol Marketers Demand Transparency on Dangote Refinery Prices
Nigerian petrol marketers are calling for Dangote Refinery to reveal the price of its Premium Motor Spirit (PMS), commonly known as petrol. This push for transparency comes after remarks from Devakumar Edwin, Vice President of Dangote Industries, who suggested that local marketers are bypassing Dangote’s petrol despite its reportedly lower price compared to imported options. […]