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 …

Oil marketers have again written a letter to the Dangote Petroleum Refinery expressing their willingness to buy refined petroleum products from the $20 billion plant. They disclosed this on Wednesday following Tuesday’s remarks by the President of Dangote Group, Alhaji Aliko Dangote, that marketers were not buying products from the Lekki-based facility. Dangote faulted the continued importation of petrol by …

Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. At the Oil Trading and Logistics Africa Downstream oil conference in Lagos, the Chairman of Ghana’s National Petroleum Authority, Mustapha Abdul-Hamid said this could end monthly …

Controversy over the supply of petrol from Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL) deepened yesterday. In a new twist, a document from the state oil company showed that the refinery has been unable to meet the supply request. According to the document, the NNPCL requested for 1.065 billion litres between 15 September and 20 October. But …

The Dangote Group has described the reported lawsuit against NNPC Limited (NNPCL) and other oil companies, seeking to revoke their import licenses, as “an old issue”. In a statement on Monday, the group’s Chief Branding and Communications Officer, Mr.  Anthony Chiejina clarified that the proceedings are currently on hold, with plans for a complete withdrawal by January 2025. Chiejina emphasised …

Dangote Petroleum Refinery and Petrochemicals FZE have asked the Federal High Court in Abuja to void import licences issued to NNPC Limited (NNPCL), Matrix Petroleum Services Limited, A. A. Rano Limited, and four other companies for the purpose of importing refined petroleum products that are already being produced by Dangote without shortfalls. In a suit, Dangote Refinery is also seeking …

The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement on Friday, the Minister of Finance and Chairman of the Naira-crude sale implementation …

NNPC Limited (NNPCL) is being unfair to Nigerians. Despite the fact that Nigeria is now refining fuel locally from its own crude oil, NNPCL continues to calculate fuel prices based on outdated metrics such as landing costs. This practice raises concerns, as there are no longer any costs associated with fuel importation, shipping, or landing fees. With locally sourced crude …