In a significant development that could shape the pricing dynamics of petroleum products across Nigeria, the Dangote Petroleum Refinery has officially reduced its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦820 per litre. This adjustment, confirmed by sources within the oil and gas industry, comes as part of efforts by
Industry experts and fuel marketers are calling on the Dangote Petroleum Refinery to peg its petrol prices below ₦800 per litre in a bid to ease pressure on consumers and strengthen its position in Nigeria’s liberalized downstream market. The call comes as Dangote Refinery, Africa’s largest single-train refinery with a production capacity of 650,000 barrels
In a significant move to provide relief to Nigerians amid rising economic pressures, the Dangote Petroleum Refinery has once again lowered the pump price of Premium Motor Spirit (PMS), reducing it by N15 per litre. The new price takes immediate effect, with petrol now retailing at N875 per litre in Lagos, while varying slightly across
In a significant move to provide relief to Nigerians amid rising economic pressures, the Dangote Petroleum Refinery has once again lowered the pump price of Premium Motor Spirit (PMS), reducing it by N15 per litre. The new price takes immediate effect, with petrol now retailing at N875 per litre in Lagos, while varying slightly across
Over 4,900 fuel retail outlets have shut down operations nationwide as independent petroleum marketers continue to grapple with crippling financial losses triggered by the unpredictable pricing of Premium Motor Spirit (PMS), also known as petrol. Stakeholders in the downstream oil sector attribute this crisis to the volatile and fluctuating prices set by the Dangote Petroleum
A recent development in Nigeria’s petroleum industry has seen the landing cost of petrol skyrocket to N870 per litre, significantly higher than the price offered by the Dangote refinery. This increase has raised concerns about the potential impact on fuel prices and the overall economy. The landing cost, which includes the cost of importing petrol,
