dangote refinery

The Digest: Nigerians are facing the prospect of another increase in the price of petrol following a sustained rise in global crude oil prices. Nigeria's Bonny Light crude has risen to $70.30 per barrel, a 10% increase from the previous week, with similar hikes seen in benchmark Brent crude...

The Digest: The Dangote Petroleum Refinery has publicly assured Nigeria of a steady, large-scale domestic supply of refined petroleum products, stating it can deliver up to 75 million litres of Premium Motor Spirit (petrol), 25 million litres of diesel, and 20 million litres of jet fuel daily...

The Digest: Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS) from ₦699 to ₦799 per litre. This adjustment marks the end of a temporary festive price support initiative, leading MRS Oil Nigeria Plc retail outlets to now sell petrol at ₦839...

The Digest: The Dangote Refinery has signed a major $350 million contract with Engineers India Limited (EIL). According to a statement from EIL, the Indian firm will serve as the Project Management Consultant and Engineering, Procurement, and Construction Management consultant for the...

The Digest: Despite the operational start of domestic refineries, petrol importation accounted for 62.47% of Nigeria’s total Premium Motor Spirit consumption in 2025. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported by Punch...

The Digest: Nigeria’s push toward energy independence saw a significant boost in December, as Dangote Refinery supplied over 32 million litres of petrol to the domestic market, a signal of growing local refining strength even as the country continues to rely on imports to meet demand. Key...

The Digest: Dangote Petroleum Refinery has declared Nigeria’s transition from chronic fuel scarcity to sustained abundance, a pivotal shift the company frames not just as a supply milestone, but as a leap toward cleaner fuels, economic stability, and energy sovereignty Key Points: Dangote...

The Digest: A fierce price war has broken out in Nigeria’s petroleum sector, with some retailers selling petrol below the N739 per litre benchmark set by the Dangote Refinery. As competition intensifies, motorists are benefiting, but marketers warn of mounting losses in a storm of...

The Digest: Nigeria’s independent oil marketers confirm they are now sourcing petrol exclusively from the Dangote Refinery, signaling a potential end to fuel imports. In a market long shaped by scarcity, this shift reflects a quiet but powerful storm of local capacity. Key Points: IPMAN’s...

The Digest: Dangote Petroleum Refinery has dismissed reports of an imminent shutdown as “false and misleading,” affirming its operations remain stable and capable of supplying up to 50 million litres of Premium Motor Spirit daily. In a statement, the refinery detailed strong production and...

The Digest: Nigerian National Petroleum Company Limited (NNPCL) has implemented another reduction in the price of Premium Motor Spirit (PMS), now selling at N815 per litre at its retail outlets in Abuja, as competition continues to shape pricing in the downstream sector. Key Points: NNPCL...

The Digest: Nigerian fuel depot owners have sharply increased ex-depot petrol prices, citing concerns over an alleged planned maintenance shutdown at the Dangote Refinery, a move that threatens to send a fresh wave of inflationary pressure through the economy. Key Points: Multiple depot...

The Digest: The Nigerian Midstream and Downstream Petroleum Regulatory Authority reports that Dangote Refinery’s domestic petrol supply fell short of its target in November 2025, averaging 23.52 million litres daily against a projection of 35 million litres. Despite this, Nigeria’s total...

The Digest: Dangote Petroleum Refinery has officially slashed the pump price of petrol to ₦739 per litre across all MRS Oil Nigeria stations nationwide, positioning the move as a decisive market intervention ahead of the festive season. Key Points: The new price is effective across MRS’s...

The Digest: The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has clarified its stance against Dangote Refinery's recent sharp price reductions, stating that while it supports lower fuel costs, the abrupt cuts have left its members facing billions in losses on...

The Digest: Amidst escalating allegations that threaten to destabilise Nigeria's critical petroleum sector, lawmakers are stepping in to mediate. The House of Representatives Joint Committee on Petroleum Resources has invited the Dangote Refinery and the NMDPRA to address their public dispute...

The Digest: Aliko Dangote has stated he lives a “simple life” and is not driven by personal wealth, framing his fight against fuel importers as a patriotic mission to safeguard Nigeria’s economy rather than a pursuit of profit. Key Points: Dangote emphasized that continued fuel importation...

The Digest: Aliko Dangote has vowed to aggressively counter fuel importers who bypass his refinery, declaring he will increase his fleet of CNG trucks to 8,000 if necessary to secure market share and protect his $20 billion investment. Key Points: Dangote said if importers continue...

The Digest: Aliko Dangote has announced that filling stations, including MRS outlets, will begin dispensing petrol at ₦739 per litre in Lagos from Tuesday, following his refinery's ex-depot price reduction to ₦699. Key Points: Dangote set a target of keeping petrol below ₦740 nationwide in...

The Digest: Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦828 to ₦699 per litre. According to pricing data, the 15.6% drop marks the refinery’s 20th price adjustment this year, aligning with Aliko Dangote’s pledge to maintain competitive, affordable fuel. Key...