Dangote Petroleum Refinery yesterday clarified the recent upward adjustment of its ex-depot price of Premium Motor Spirit (PMS) otherwise known as petroleum, saying this is directly linked to the “Significant increase in global crude oil prices”. It was reported earlier that Dangote on Friday adjusted the price from N899 per litre to N950. The refinery stated in a memo to …

  The pump prices of Premium Motor Spirit (PMS), 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 to rise since the major component in fuel production, crude …

The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil. A report by Africa Report has it that the refinery is ramping up its storage capacity by 6.29 million barrels, equivalent to 1 billion litres. The report stated that the $20 billion refinery is planning to stockpile imported crude oil …

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The spokesperson for PETROAN, Joseph Obele, made this call in a statement on Thursday. This comes after Dangote Refinery reduced its ex-depot petrol price to N899.50 per …

Dangote Petroleum Refinery has said that has reduced the price of its Premium Motor Spirit (PMS) (popularly known as petrol) to N899.50 per litre, as against N970. In a statement on Thursday, Group Chief Branding and Communications Officer of the oil major, Mr. Anthony Chiejina said: “Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product …

The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange crisis. The Chief Corporate Communications …

The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage. This accolade was shared by a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. The Dangote Group also reiterated that its petroleum products are in demand worldwide, as it expands its …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Dangote Refinery to consider reducing its ex-depot price from N970 per litre since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre. Last 29 July, the Federal Executive Council (FEC) endorsed President Bola Tinubu’s proposal for the sale of crude to local refineries in …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has begun lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery, according to The PUNCH. This follows an agreement reached with the refinery last month by IPMAN. It was learned that IPMAN members have so far lifted millions of litres of petrol from the Dangote refinery located in the Lekki free …

The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. It was reported that this is the amount marketers would buy the product from the refinery. In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, said the reduction was …