By Damilola Aina Barely three weeks after announcing an increase in the cost of loading Premium Motor Spirit, commonly known as petrol, the Dangote Petroleum Refinery has made a surprising move by reducing its ex-depot (gantry) price of petrol, lowering it from N950 to N890 per litre. In a statement signed by Group Chief Branding…
Okechukwu Nnodim, Damilola Aina and Dare Olawin The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed that PMS prices would continue…
By Udeme Akpan The Organisation of the Petroleum Exporting Countries, OPEC, said the Dangote Petroleum Refinery has impacted the flow of Premium Motor Spirit, PMS, also known as petrol in the European market. The 650,000-capacity Dangote refinery commenced production and export of petroleum products, including diesel and fuel to the global market last September. However,…
MRS Oil Nigeria Plc, a prominent player in the Nigerian downstream oil industry, has implemented a new petrol price of N935 per litre across all its retail service stations nationwide. This follows an announcement by the President of Dangote Industries Limited, Aliko Dangote, that the Dangote Petroleum Refinery has partnered with MRS Oil and Gas…
By Ikechukwu Nnochiri ABUJA—The Dangote Petroleum Refinery and Petrochemicals FZE, has approached the Federal High Court in Abuja for permission to amend the suit it filed to nullify licenses the Nigeria National Petroleum Company Limited, NNPCL, and six others secured to import refined petroleum products into the country. The company, in the application it filed…
The Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association, PETROAN, have continued talks, targeted at concluding details for lifting petroleum products. The National President of PETROAN, Dr. Billy Gillis-Harry, Monday, led the association to negotiate and sign a deal with the Dangote Refinery in Lagos. The National President of PETROAN, Dr. Billy Gillis-Harry,…
