Dangote Cuts Petrol Price to N899.50/Litre
Dangote Petroleum Refinery has further reduced the price of Premium Motor Spirit (PMS) to N899.50 per litre, providing relief to Nigerians during the holiday season. This follows an earlier price cut to N970 per litre on November 24. The move aims to ease transportation costs as festive travel expenses typically rise. The announcement was made […]
Dangote Refinery Begins Exporting Petrol to 3 African Countries
The Dangote Refinery has commenced the export of Premium Motor Spirit (petrol) to Cameroon, Ghana, Angola, and South Africa, with diesel and jet fuel reaching international markets, including Europe. This was disclosed by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a visit by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo, […]
Marketers sue Dangote. Insist on petrol import
Three oil marketers—AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited—have urged the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers argued that granting the refinery’s request would create a monopoly in Nigeria’s oil sector and lead to negative consequences for the economy, […]
Federal Government To Start Crude Oil Sale To Dangote Refinery in October
The Federal Government has disclosed that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the Implementation Committee on Monday in Abuja. According to a post on the official […]
FEC Approves Sale of Crude Oil to Dangote Refinery and others in Naira
The Federal Executive Council has approved the sales of crude oil to local Refineries in Nigeria, Including Dangote Refinery to be denominated in Naira at a fixed exchange rate. Announcing this after the FEC meeting on Monday, the Special Adviser on Revenue to the President and FIRS Chairman, Zack Adedeji explained that the strategic intervention is […]
