PETROAN Warns Dangote Refinery’s Fuel Distribution Plan Could Create Monopoly, Trigger Job Losses
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has strongly opposed Dangote Refinery’s plans to distribute petroleum products directly to retail outlets across the country. Over the weekend, Dangote Refinery disclosed its…
NNPC Ends Naira-for-Crude Deal, Fuel Prices May Rise
The Nigeria National Petroleum Company (NNPC) Limited has ended the naira-for-crude deal with Dangote Petroleum Refinery and other local refineries. This move could lead to an increase in petrol prices, as local refineries—including Dangote—will now have…
Nationwide Fuel Crisis Looms as Tanker Drivers Halt Operations Over Alleged Harassment
A looming fuel scarcity crisis threatens Lagos and other parts of Nigeria as petroleum tanker drivers have suspended fuel loading operations, citing alleged harassment by officials of the Lagos State Government and the Federal Ministry of Transportation.…
Imported Fuel Costs Drop to N922/Litre, Dangote Refinery Faces Competition
The landing cost of imported Premium Motor Spirit (PMS) dropped to N922.65 per litre as of Friday, sparking renewed interest among oil marketers in importing fuel. This development, according to industry sources, creates significant competition for the…
Dangote Refinery Partners MRS to Offer PMS at N935 Per Litre Nationwide
In a significant move to provide relief to Nigerians, Dangote Refinery has joined forces with MRS petrol stations to offer Premium Motor Spirit (PMS) at a reduced price of N935 per litre across the country. The Dangote Group announced this partnership…
Dangote Refinery Begins Exportation of Gasoline to West Africa, Signaling Potential Shake-Up in Regional Fuel Markets
The Dangote Petroleum Refinery has started exporting refined petroleum products to neighboring West African countries, signaling that the mega-refinery’s operations may soon disrupt regional fuel markets. A Bloomberg report, citing data from Vortexa,…
Dangote Refinery Now Open to Direct Petrol Sales to Marketers
Nigeria’s Federal Government has authorized oil marketers to directly source petroleum products from the Dangote Refinery, bypassing the Nigerian National Petroleum Company Limited (NNPC). Finance Minister Wale Edun announced this new policy on…
BREAKING: Fuel Price Soars to N1,030/Litre as NNPC Ends Exclusive Deal with Dangote Refinery
Fuel prices in Nigeria have surged to N1,030 per liter at NNPC outlets in Abuja, sparking widespread concern among motorists and commuters. This development follows the Nigerian National Petroleum Company Limited’s (NNPC) decision to terminate its…
Petroleum Marketers Meet DSS Over Fuel Price, Availability
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to meet with the Department of State Services (DSS) on October 9, 2024. The meeting’s purpose is to discuss the price and availability of Premium Motor Spirit (petrol),…
Fuel Price to Drop as Landing Cost Slumps
A significant decline in the landing cost of Premium Motor Spirit (PMS), or petrol, has sparked hopes of a potential price reduction. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost has dropped to N981 per…