dangote refinery

The Digest: Nigerians are facing a double energy crisis as petrol prices surge to between N1,350 in Lagos and N1,500 in many parts of the country, while electricity supply remains erratic and unreliable. The ongoing US-Israel-Iran conflict has driven crude oil prices above $100 per barrel...

The Digest: The Dangote Petroleum Refinery has reduced its ex-gantry petrol price from N1,275 to N1,200 per litre, a decrease of N75. The refinery also lowered its coastal price to N1,153 per litre. The price cut comes despite a rise in global crude oil prices, with Brent crude reaching...

The Digest: The Dangote Petroleum Refinery is currently receiving only five crude oil cargoes per month, significantly below the 13 to 15 cargoes it is designed to handle, according to CEO David Bird. Speaking on ARISE News, Bird described the supply as "underperformance against the pre-agreed...

The Digest: The crude supply deal between Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited is facing significant challenges, with the refinery receiving only 29.21 million barrels of crude between October 2025 and mid-March 2026, just 26.9% of its required 108.74...

The Digest Some Nigerian filling stations have reduced petrol pump prices following a sharp drop in global crude oil prices. Ranoil and Empire Energy filling stations lowered their prices to N1,370 and N1,383 per litre, respectively, down from N1,440 and N1,430. The adjustment came as Brent...

The Digest: Dangote Petroleum Refinery has raised its ex-depot petrol price to N1,275 per litre, marking the fifth price increase in March. The N30 hike follows Friday's N1,245 announcement, bringing the cumulative increase to N501 per litre (64.7%) from N774 at the month's start. The coastal...

The Digest: Dangote Petroleum Refinery has raised the ex-depot price of Premium Motor Spirit (petrol) from N1,175 to N1,245 per litre, effective midnight March 21, citing escalating global geopolitical tensions. The coastal price also rose from N1,512,648 to N1,606,518 per metric tonne. The...

The Digest: Several African countries, including South Africa, Ghana, and Kenya, have approached the Dangote Petroleum Refinery to secure fuel supplies amid global disruptions from the Middle East conflict. South Africa is seeking a 12-month supply contract as the crisis threatens supply...

The Digest: Crude oil prices surged to $114 per barrel on Thursday as the US-Israel war on Iran intensified, sparking fresh fears of higher petrol prices in Nigeria. Israeli strikes on Iran's South Pars gas field prompted Iranian retaliation on energy facilities in Qatar and Saudi Arabia, with...

The Digest: The Dangote Petroleum Refinery has reversed its recent price reduction, raising its ex-depot petrol price back to N1,175 per litre, just days after cutting it to N1,075 on March 10. The brief reduction had triggered a surge in buying activity, with depot operators selling at an...

The Digest: The federal government will not intervene to regulate petrol prices amid escalating Middle East tensions, Finance Minister Wale Edun has declared. Speaking on Channels Television, Edun said the government would instead pursue initiatives like the provision of 100,000 additional...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices by N95 per litre following Dangote Refinery's gantry price cut. NNPCL filling stations in Abuja and environs now sell petrol at N1,165 per litre, down from N1,260. Diesel is sold at N1,535 per litre...

The Digest: Dangote Refinery has reduced petrol and diesel prices, cutting petrol by N100 to N1,075 per litre from the previous N1,175, and diesel by N190 to N1,430 per litre from N1,620. According to the latest pricing template issued on March 10, the refinery also set petrol for coastal...

The Digest: Nigerians face deepening hardship as petrol prices soared to N1,300 per litre on Monday, a 24% jump from N1,050, following the consistent rise in crude oil prices to $110 per barrel amid the escalating Middle East crisis. Diesel prices also surged to N1,380 per litre at MRS...

The Digest: Dangote Refinery Managing Director David Bird has revealed that the refinery incurs costs from 47 different government agencies, contributing to the final pump price of petrol. Speaking at a press conference in Lagos, Bird said the Federal Government treats the refinery as a...

The Digest: Dangote Petroleum Refinery has increased its ex-depot prices, raising petrol to ₦1,175 per litre and diesel to ₦1,620 per litre, marking the fourth consecutive price review in less than two weeks. The new pricing, communicated to marketers, represents a significant jump from the...

The Digest: Petrol prices have breached the psychological ₦1,000 per litre barrier across most Nigerian states, driven by the escalating Middle East conflict that has pushed Brent crude above $115 per barrel. The Dangote Refinery suspended PMS loading over the weekend of March 7-8 due to...

The Digest: Long queues are building at MRS filling stations selling petrol below ₦1,000 per litre, as most other marketers hike prices above the psychological threshold amid the escalating Middle East conflict. MRS stations along the Ibadan/Lagos Expressway still sell at ₦937, attracting...

The Digest: The Dangote refinery has increased its ex-gantry petrol price to N995 per litre, the second hike this week following a N121 jump from the N874 price set just five days ago. Sources at the refinery confirmed the latest review on Friday as global crude oil prices surged to $91 per...

The Digest: The Dangote Petroleum Refinery and oil marketers are locked in a pricing dispute amid escalating Middle East tensions, with data showing imported petrol is about N64 cheaper per litre than Dangote's product. MEMAN data indicates Dangote's gantry price stands at N874, while imported...