Dangote Refinery
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The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry explained in an interview, about the recent hike in petrol prices to between N930 and N960 per litre from N860 and N880 in Dangote Refinery’s partners, MRS filling stations, and others. He also emphasises that Nigerians will have to buy petrol…
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Petroleum Products Retailers and marketers have explained why petrol imports have persisted despite the Dangote Refinery and other local refineries’ production capacity. The President, Petroleum Products Retail Outlet Owners Association and the Chairman, Major Marketers Association of Nigeria, Billy Gillis-Harry and Tunji Oyebanji in an exclusive interview with DAILY POST on Monday cited fear of…
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Dangote Refinery has said that the recent adjustment in the company’s ex-depot price of petrol “is directly related to the significant increase in global crude oil prices”. The company assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol.…
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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the management of Dangote Refinery for crashing the price of its petrol to N899.50K per litre. In a statement on Thursday, PETROAN spokesman, Joseph Obele, described the move as a significant relief for motorists and Nigerians at large. “This price reduction, a decrease…
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Dangote Refinery has announced another reduction in the price of Premium Motor Spirit, PMS, or petrol. The company disclosed this in a statement by its spokesperson, Anthony Chiejina, released on its official X account on Thursday. The oil firm reduced its petrol ex-depot price to N899.50 per litre, down from N970. “…We have now announced…
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Good morning from MEZIESBLOG! Here is today’s summary from Nigerian newspapers: 1. The Dangote Petroleum and Petrochemicals has reduced the price of the Premium Motor Spirit (PMS) petrol from N990 to N970/ litre for marketers. The 650,000 barrels per day refinery, Group Chief Branding and Communications Officer, Mr. Anthony Chiejina made this known in a press…
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According to the statement, the move is a cut from the refinery’s ₦990 ex-depot price announced earlier this month. A fleet of trucks are seen lifting Premium Motor Spirit, known as petrol, at the refinery located in the Ibeju-Lekki area of Lagos State. The Dangote Petroleum Refinery on Sunday announced a reduction in its price…
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Good morning from MEZIESBLOG! Here is today’s summary from Nigerian newspapers: 1. The Senate on Wednesday urged the Defence Headquarters, DHQ, to immediately halt the activities of the incursion of ISIS-backed terrorist group, Lukarawa in the Northern part of Kebbi and Sokoto states. The Red Chamber, after a debate on the activities of the terrorists, charged…
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Good morning from MEZIESBLOG! Here is today’s summary from Nigerian newspapers: 1. There are reports that the Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia. Sources said the management of the 650,000-barrel per-day capacity refinery is at advanced stages of talks with the countries to start lifting fuel.…
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Three major oil marketers have told the Federal High Court in Abuja that the planned monopoly of the energy sector by Dangote Petroleum Refinery will spell doom for the country’s oil sector. According to the oil marketers, Dangote’s plan to monopolize the oil sector is a recipe for disaster in the country. The three marketers…
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As fuel consumption plummets nationwide due to soaring prices, oil marketers have expressed concerns over significant losses, with around 10,000 oil dealers about to shut down. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that fuel consumption dropped to 4.5 million litres per day in August 2024, down from 60 million litres…
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Good morning from MEZIESBLOG! Here is today’s summary from Nigerian newspapers: 1. Records of all Point of Sale (PoS) transactions are to be submitted every month henceforth, the Central Bank of Nigeria (CBN) said on Thursday. The apex bank has already directed two licensed Payment Terminal Service Aggregators (PTSAs) – Nigeria Interbank Settlement System PIc (NIBSS)…
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The long walk to solving Nigeria’s oil and gas crisis took a fresh twist on Thursday, when the Vice President of Dangote Industries Limited, Devakumar Edwin accused local petroleum marketers of boycotting Dangote Refinery’s petrol despite offering lower prices. Edwin speaking during an X space session organised by Nairametric on Thursday said only 3 percent…
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On Monday, the Speaker of the House of Representatives, Abbas Tajudeen, sacked a powerful ad hoc committee probing NNPC Limited after weeks of infighting among members. In the past couple of weeks, the House had been divided between lawmakers supporting the Group Managing Director of NNPC Limited, Mele Kyari, and the anti-Kyari team, forcing the…
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Former President Olusegun Obasanjo has said that those benefiting from fuel importation will do all in their power to frustrate the Dangote Petroleum Refinery. In an interview with Financial Times, the former President described the Dangote refinery as a project that should encourage both Nigerians and non-Nigerians. “Aliko’s investment in a refinery, if it goes…
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Checks by the Nigerian Tribune has revealed that no single Nigerian shipping company participated in the six crude oil delivery process that took place at the $19.5bn Dangote Petro-chemicals Refinery located in Lagos. This is even as further findings revealed that Nigeria lost out due to the very large sizes of ships used in the delivery…
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