Fuel price may drop further as landing cost drops to N774/litre
Nigerians may soon see a reduction in fuel prices as the cost of importing petrol has dropped significantly. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost of petrol is now N774.82 per litre, which is lower than Dangote Refinery’s ex-depot price of N825 per litre. The main reason for the […]
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders
Even though Dangote Refinery and other local refineries are producing petrol, Nigeria still imports fuel. Stakeholders in the petroleum industry say this is due to price competition, supply gaps, and concerns over monopoly. The President of the Petroleum Products Retail Outlet Owners Association, Billy Gillis-Harry, and the Chairman of the Major Marketers Association of Nigeria, […]
Dangote Refinery Begins Production Of Polypropylene (Pictures)
The Dangote Petroleum Refinery and Petrochemicals has officially started producing polypropylene. The refinery, which has a capacity of 650,000 barrels per day (bpd), has now added polypropylene production to its operations. Polypropylene is a type of plastic used in making various products, including packaging materials, household items, and car parts. The start of production at […]
Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians
Nigerians should prepare for further reductions in petrol prices as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a price war. Both companies have recently lowered their fuel prices, giving consumers more options. On Monday, NNPC announced its new petrol prices, setting them at N860 and N880 per litre in different […]
NNPC reduces PMS price
The Nigerian National Petroleum Company Limited (NNPCL) is under increasing pressure to lower its petrol prices. This comes after MRS filling station, in partnership with Dangote Refinery, announced a significant reduction in fuel pump prices. On February 9, 2025, MRS filling station lowered its petrol price to N925 per litre in Lagos, with slight variations […]
Nigeria Blocks Export Permits Of Oil Producers Not Meeting Local Refinery Quotas
Nigeria has made a strong move to ensure that oil producers meet their domestic supply obligations by blocking oil export permits for companies that fail to send enough crude to local refineries. This includes the Dangote Refinery, the largest in Africa. The country’s Petroleum Industry Act (PIA) requires oil producers, both local and international companies, […]
NiMet forecasts 3-day sunshine, haziness
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per liter. While this move is great news for consumers, it has created serious financial challenges for fuel marketers who had already purchased petrol at the higher price. The price cut was likely influenced by […]
Dangote Price Slash: Marketers With Imported Fuel Fear Losses
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per liter. While this move is great news for consumers, it has created serious financial challenges for fuel marketers who had already purchased petrol at the higher price. The price cut was likely influenced by […]
Dangote Refinery To Receive 12 Million Barrels Of US Crude
The Dangote Petroleum Refinery in Nigeria is set to receive a significant shipment of crude oil from the United States. Up to 12 million barrels are on their way, set to arrive in Nigeria next month. This import comes after the refinery faced challenges with local crude supply, which is preventing it from reaching its […]
Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike
Nigerians are grappling with yet another rise in fuel prices, leaving many concerned about its ripple effects on daily living. Both Dangote Refinery and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) have pointed to higher global crude oil prices as the primary reason behind the increase. On Friday, fuel prices jumped nationwide. Dangote […]