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 […]
Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June
The Dangote Petroleum Refinery is preparing to bring in crude oil from international sources to support its growing production needs. This step comes as local supplies from the Nigerian National Petroleum Company Limited (NNPCL) fall short of meeting demand. An insider disclosed that the refinery is now producing 500,000 barrels per day (bpd) and plans […]
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Nigerian government is considering reducing its crude oil supply to Dangote Petroleum Refinery. The refinery currently receives 300,000 barrels per day, but this may be lowered unless Nigeria’s oil output increases. This decision is part of the government’s efforts to adjust its naira-for-crude initiative, especially after the recent reopening of the Warri and Port […]
Marketers upbeat on further fuel price cut as Tinubu stamps subsidy removal
Nigeria’s oil marketers are hopeful that petrol prices will continue to fall in the coming days. Currently, prices are between N935 and N965 per litre, with some stations in Abuja offering the lower prices. This price drop follows President Bola Ahmed Tinubu’s decision to remove the fuel subsidy, a move he says was necessary to […]
Dangote fuel sells at N935/litre at MRS cheaper than NNPCL
In a significant development for Nigerians, Dangote petrol is now being sold at a reduced price of N935 per litre at MRS filling stations across the country. This price is N105 cheaper than what’s being sold at Nigerian National Petroleum Company Limited (NNPCL) retail outlets, where petrol costs N1040 per litre. In Abuja, the price […]
Petrol To Sell ₦935/Litre From Today – IPMAN
As of today, December 23, 2024, petrol prices in Nigeria will drop to N935 per litre. This new price is a result of a recent agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery, which has adjusted its pricing structure to support a nationwide reduction in fuel costs. According to IPMAN’s […]