Fuel prices in Nigeria have risen to ₦1,150 per litre after Dangote Refinery's ex-depot hike. Independent marketers cite increased crude costs and logistics as major factors. Abuja stations adjusted prices to ₦1,155, while NNPCL outlets remain at ₦965. Further price revisions are expected amid...
Dangote Refinery has increased petrol prices to N955 per litre for bulk buyers, effective January 17, 2025. The hike, driven by rising global crude oil prices, applies to all unsold stock and pending orders. Bulk purchases exceeding 5 million litres will enjoy a slightly reduced rate of N950 per...
OPEC reports that the Dangote Refinery's fuel production, particularly gasoline, is impacting the European market. The refinery's operational ramp-up has reduced Nigeria's reliance on imports, leading to shifts in international fuel trade. The refinery is expected to continue affecting global...
Marketers in Nigeria are shifting to Dangote Refinery as petrol depot prices rise to N950 per litre. The price hike is due to global crude oil price increases. IPMAN members are encouraged to buy directly from Dangote Refinery to secure more competitive rates, marking a significant shift in the...
The Nigerian government plans to reduce crude oil supply to Dangote Refinery from 300,000 barrels per day due to the onstreaming of Warri and Port Harcourt refineries. This move is part of the Naira-for-Crude initiative, aimed at increasing local refining capacity and competition in the...
Petrol prices are set to drop to N935 per litre as Dangote Refinery reduces its ex-depot price to N899.50. IPMAN announces the new pricing structure, citing deregulation and increased refinery activities as key factors. The initiative promises uniform pricing, boosting affordability and...
Dangote Refinery has partnered with MRS to sell petrol at ₦935 per litre nationwide. This price reduction follows the Nigerian National Petroleum Company’s recent price cuts, reflecting the positive impact of the naira-for-crude swap deal on the Nigerian economy. The initiative aims to provide...
Dangote Petroleum Refinery has lowered the price of Premium Motor Spirit (PMS) to N899.50 per litre, offering a holiday discount to ease transport costs. The refinery also introduces a special offer allowing consumers to purchase additional fuel on credit. It aims to provide high-quality and...
Dangote Group has refuted NNPCL's claim of facilitating a $1 billion loan to address liquidity issues at the Dangote Refinery. The company clarified that the $1 billion represents only 5% of the total investment, and the partnership was credit-driven, not cash-based, with NNPCL failing to meet...
The Dangote Petroleum Refinery has successfully exported petrol to Cameroon, Ghana, Angola, and South Africa. The refinery, the largest single-train refinery globally, aims to boost industrial development, job creation, and economic growth in Nigeria. It also serves as a key technological...
Dangote Refinery reduced its petrol price to ₦970 per litre for bulk purchases of at least two million litres. The move, announced via an official flyer, aims to support marketers amid fluctuating fuel costs. Industry experts view this price cut as potentially easing inflation and influencing...
PETROAN has raised concerns about the ₦75 per litre price difference between petrol from the Port Harcourt Refinery and Dangote Refinery. While Dangote sells at ₦970, NNPCL's price is ₦1,045. This pricing disparity has sparked discussions, with NNPCL promising to address it to benefit consumers...
Dangote Petroleum Refinery has reduced its petrol price to ₦970 per litre for oil marketers, down from ₦990. This move is a token of appreciation for Nigerian support and government backing. Dangote reassures that the quality of products will remain high, aiming to meet domestic fuel...
Dangote Petroleum Refinery is struggling to secure enough crude oil supplies under Nigeria’s naira-based sale scheme. Despite agreements with NNPC to supply 385,000 barrels per day, deliveries have been inadequate. Other Nigerian refineries also face challenges accessing naira-priced crude...
Dangote Petroleum Refinery has resumed U.S. crude oil imports with a two-million-barrel shipment from Chevron, signaling challenges in its naira-for-crude agreement with the Nigerian government. As production ramps up, the $20 billion facility is poised to impact regional fuel markets and...
Dangote Refinery has begun exporting refined gasoline to West African nations like Togo, Ghana, and South Africa, marking the start of significant regional fuel exports. This shift aims to reduce reliance on costly European imports, potentially disrupting regional fuel markets and reducing fuel...
Dangote Refinery seeks billions of dollars to import crude oil, aiming to reach full capacity of 650,000 barrels per day by 2025. The refinery’s success could lower local fuel costs, boost competition in Europe, and help de-risk European oil supply chains. Failure to address refinery issues may...
Dangote Refinery and IPMAN have signed a deal to supply 60 million litres of petrol weekly, leading to price reductions at filling stations. The agreement, which aims to stabilize fuel prices in Nigeria, is expected to bring down prices by N10 to N50 per litre.
Dangote Refinery and the...
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