Ukraine launches attack on Russia’s oil refinery
On Thursday, September 18, Ukraine launched a drone attack on a large Russian oil refinery, located about 1,400 kilometres from the battlefield. The strike caused a fire and is part of Ukraine’s effort to weaken Russia’s energy sector, which brings in money for its war. According to a source from Ukraine’s SBU security service, the […]
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 […]
NLC Blames Dangote and Oil Marketers for Raising Petrol Prices in Nigeria
The Nigeria Labour Congress (NLC) has raised alarm over what it calls the inflation of petrol prices by Dangote Group and other oil marketers in Nigeria. In a statement released after its National Executive Council meeting on Friday, the NLC highlighted concerns about the high price of petrol, which currently ranges between N1,060 and N1,200 […]
Tinubu Offers Nigerians Choice: Buy Petrol at ₦1,000 or CNG at ₦200
In a bid to help Nigerians manage rising fuel prices, President Bola Tinubu has given motorists a new option: continue buying petrol at ₦1,000 per litre or switch to Compressed Natural Gas (CNG) for just ₦200 per cubic meter. This announcement was made during a meeting with executives from NIPCO at the State House, Abuja. […]
Petrol Prices Rise to ₦1,350 Per Litre in Osun State: Impact on Motorists and the Economy
Petrol prices in Osun State have sharply increased, with reports indicating that consumers are now paying between ₦1,350 and ₦1,400 per litre at various petrol stations. This significant price hike follows a decision by the Nigerian National Petroleum Company Limited (NNPC) to raise prices on Wednesday, leading to immediate adjustments at filling stations across the […]
NNPC Ends Exclusive Purchasing of Petrol from Dangote Refinery
In a significant development in Nigeria’s oil industry, the Nigerian National Petroleum Company Limited (NNPCL) has officially ended its role as the sole buyer of petrol from Dangote Refinery. This change means that petrol marketers will now need to purchase fuel directly from the refinery, marking a shift in the dynamics of fuel distribution in […]
Petrol Prices in Nigeria Could Increase Again, According to Marketers
Nigerians might soon see an increase in petrol prices. Oil marketers are raising concerns due to the rising cost of crude oil, which has hit around $78 per barrel. This situation could lead to more challenges for people who rely on petrol for their daily needs. Billy Gillis-Harry, the President of the Petroleum Products Retail […]
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. […]
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 […]
Nigerians Struggle as Petrol Prices Soar Above N1,000 per Litre
Nigerians are feeling the pinch as petrol prices soar above N1,000 per litre in many areas across the country. This sharp increase in fuel prices has caused widespread concern among citizens. In response to the crisis, Dangote Refinery has started producing Premium Motor Spirit (PMS). The Lagos-based refinery, which can handle 650,000 barrels of oil […]