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 […]
SERAP Takes Tinubu to Court Over Illegal Petrol Price Hike and NNPCL Corruption
The Socio-Economic Rights and Accountability Project (SERAP) has sued President Bola Tinubu for not reversing the recent hike in petrol prices. The group is asking the court to compel President Tinubu to direct the Nigerian National Petroleum Company Limited (NNPCL) to lower the price of petrol from ₦845 to ₦600 per litre. SERAP argues that […]
NNPCL Requests Permanent Office Space at Dangote Refinery: What It Means for Nigeria’s Oil Industry
In a bid to strengthen its partnership with the Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL) has requested permanent office space at the refinery. This move is seen as part of a broader effort to manage the complex processes of crude oil supply and refining, ensuring a seamless relationship between both entities. Devakumar […]
Dangote Refinery Faces Possible Delay in Fuel Supply Deal with NNPCL
The plan for the Nigerian National Petroleum Company Limited (NNPCL) to begin lifting petrol from Dangote Refinery on Sunday, September 15, 2024, is facing fresh challenges. Sources close to the matter indicate that both parties have not yet finalized an agreement on the quantity and price of Premium Motor Spirit (PMS) that will be supplied […]
NNPCL: No Guarantee of Lower Petrol Prices with Dangote Refinery
The Nigeria National Petroleum Company Ltd (NNPCL) has recently announced that starting from September 15, it will begin sourcing petrol from the new Dangote Refinery. However, NNPCL has made it clear that this does not guarantee a drop in petrol prices. According to NNPCL’s spokesman, Olufemi Soneye, the cost of petrol, whether from the Dangote […]
NNPCL Attributes Petrol Price Hike to Forex and Market Forces
The Nigerian National Petroleum Company Limited (NNPCL) has recently faced criticism for the sharp increase in the price of Premium Motor Spirit (PMS), commonly known as petrol. According to the company, this hike is not a result of its policies, but is largely driven by external factors, specifically foreign exchange rates and the natural forces […]