The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the NNPC Limited (NNPCL) to be the sole buyer of its product. In a statement on Saturday by its spokesman, Mr. Olufemi Soneye, NNPC said that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is …

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims that it is responsible for the recent hike in Premium Motor Spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee of lower prices associated …

The Democratic Front (TDF) has said that President Bola Tinubu did not betray or deceive the Nigeria Labour Congress (NLC) on fuel price in arriving at the N70,000 minimum wage. TDF added that Labour and government mutually negotiated and agreed on the minimum wage. In a statement by the Chairman, Mallam Danjuma Muhammad and Secretary Wale Adedayo, TDF maintained that …

Traders and commuters in Kano metropolis have expressed worry over the recent hike in the pump price of Premium Motor Spirit (PMS). The News Agency of Nigeria (NAN) reports that NNPCL Retail Management had on Tuesday approved an upward review of the pump price from N617 per litre to N897 litre, effective from 3 September This is amid economic hardship …

Ogun State Governor, Prince Dapo Abiodun, said the commencement of fuel production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange. Petrol produced from the 650,000 barrels per day Dangote refinery is expected to hit filling stations in the next 48 hours as modalities with the Nigerian National Petroleum Company Limited (NNPCL) …

The Situation Room on Energy Sustainability, a coalition of civil society organisations (CSOs), has commended the President of Dangote Group, Alhaji Aliko Dangote, on the commencement of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades by Dangote Refinery. In a statement by Dr. Ikenna Nnaji, the group described the milestone achievement as a …

The Lagos State Task Force on Environment and Special Offences said it has arrested six persons, including two women, over alleged illegal sales of petroleum products by the roadside. The spokesperson for the agency, Mr Gbadeyan Abdulraheem, confirmed this on Tuesday in a statement. Abdulraheem said that the task force conducted a sweeping operation on illegal sales of fuel at …

There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre. Sources informed our The PUNCH that there was a directive for retail …

The Chairman of Dangote Group. Aliko Dangote today (3 September 2024) formally unveiled to the media the first petroleum product produced from the factory. At a world press conference heĺd at the company’s refinery in Lagos, he said that petroleum product from Dangote Refinery is now ready for the market. Dangote showcased a sample of the product in a white …

The long-awaited petrol from Dangote Refinery is expected to come on stream this week, a development that is a major milestone in Nigeria’s energy sector. According to two people who know the matter, the Dangote facility near the commercial hub of Lagos is on the verge of refining large amounts of petrol expected to hit the market this week. The …