The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment would no longer require …

The President of the Dangote Industries Limited (DIL), Aliko Dangote, has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call yesterday when he received the leadership of the House of Representatives led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu in his refinery located at Ibeju-Lekki, Lagos. …

Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil (AGO), popularly called diesel, produced by the Dangote Petroleum Refinery in less than three months after the plant started releasing AGO to the market. It was also gathered on Saturday that the registration of oil marketers with the $20 billion firm was still ongoing, as more …

Dangote Petroleum Refinery has once more announced a further crash in the prices of diesel and aviation fuel to N940 and N980 per litre, respectively. This comes in the wake of its widely celebrated price crash to N1,000 barely two weeks ago. The new price of N940 is applicable to customers buying five million litres and above from the refinery, …

The Dangote refinery says it has reduced the price of automotive gas oil (AGO), also known as diesel, to N1,000 per litre. According to a statement on Tuesday by the refinery, the price of the product was dropped from N1,200 per litre. “In an unprecedented move, Dangote Petroleum Refinery has announced further reduction of the price of diesel to from …

Manufacturers have lamented the high cost of automotive gas oil (AGO), also known as diesel, which is used in generating power for their operations, noting that the product gulps about 80 per cent of their profits. Speaking on the plight of manufacturers against the backdrop of rising prices of their products, the Director General of MAN, Segun Ajayi-Kadir, said manufacturers …

The cut in diesel price by the Dangote Refinery will reduce inflation, President of Dangote Group, Alhaji Aliko Dangote, said yesterday. He believes with the cost of diesel dropping to N1,200 from N1,650, the inflation rate will further drop. In February, the headline inflation rate increased to 31.70 per cent relative to the January 2024 rate, which was 29.90 per …

Russia lifted a temporary ban on diesel exports on Wednesday, saying the two-month restrictions had been successful in bringing down rising fuel prices on the domestic market. Moscow suspended the export of diesel and gasoline products in September in a move that roiled global markets. The energy ministry said it had taken measures to boost supplies inside Russia and bring …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on industry operators, particularly large consumers of petroleum products, to consider moving from the use of diesel to gas in line with the Federal Government’s designation of gas as Nigeria’s transition fuel after the Petroleum Motor Spirit. NMDPRA’s Chief Executive, Farouk Ahmed made the call at a one-day Stakeholders …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised alarm over the circulation of the low-density grade of automotive gas oil (better known as diesel), in the South East of the country. Chairman of IPMAN’s Enugu depot community in charge of Anambra, Ebonyi, and Enugu States, Chinedu Anyaso, said Awka, Anambra State capital, on Sunday that the association’s leadership …