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 …

The Dangote Petroleum Refinery says the Federal Government has not met its target to supply crude oil to the refinery under the naira-for-crude initiative. It said the amount of crude received from the Nigerian National Petroleum Company Limited (NNPCL) is “peanuts” compared to the volume needed to ramp the production of refined products. A report by Reuters quoting an interview …

NNPC Gas Marketing Limited (NGML), a subsidiary of NNPC Limited (NNPCL), has executed a gas sale and purchase agreement with the Dangote Petroleum Refinery and Petrochemicals, Lagos. The agreement, signed by the Managing Director of NGML, Mr. Justin Ezeala, and the President/Chief Executive Officer of the Dangote Group, Alhaji Aliko Dangote, on Tuesday at the Corporate Head Office of Dangote …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that over 30,000 of its members are set to buy Premium Motor Spirit (PMS), popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also said that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and trucks, respectively. The …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Petroleum Refinery to lift products directly. This, according to the association, will ensure the availability of petroleum to Nigerians at a cheaper rate. IPMAN’s National President, Abubakar Garima, announced this at a press briefing on Monday in Abuja, following a meeting of the National Working Committee …

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, according to Saturday PUNCH. A highly credible source, who confirmed this exclusively to Saturday PUNCH on Friday, said the management of the 650,000-barrel per-day capacity refinery was at advanced stages of talks with the countries to start lifting fuel. It was gathered that …

Three oil marketers – AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited – have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated 5 November 2024, a response to an originating summon filed by Dangote Petroleum …

Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. In …

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit (PMS), popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by NNPC …