Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa …

Oil marketers have said that the Nigerian National Petroleum Company Limited (NNPCL) portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase. They said marketers are still awaiting over 90 million litres of petrol from the state-owned company. This is valued at about N79 billion. Amid marketers’ complaints over …

Marketers have demanded direct access to Premium Motor Spirit (PMS, also known as petrol or fuel) from the Dangote Refinery, criticising the firm grip of NNPC Limited (NNPCL) on the market. This is as sources said Dangote Refinery would sell its petrol at N766 to NNPCL. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr. …

Oil marketers have confirmed that they will start lifting Premium Motor Spirit (better known as petrol or fuel), from the Dangote Petroleum Refinery next week. While some revealed that they had started sending trucks to the Lagos-based multi-billion dollar plant to load products from Sunday, others stated that their tankers would hit the refinery any day from next week. It …

Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit (PMS), popularly called petrol, at between N900 and N1,000/litre. Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL). Petrol prices at NNPC stations range from …

As the scarcity of petrol worsens in Lagos and the Federal Capital Territory, the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers have blamed the development on a disruption of supply at key depots in the two cities. Sunday PUNCH reports that some oil marketers and transporters in the two cities reduced the number of trucks they sent out …

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 …

The Association of Nigeria Refineries Petroleum Marketers has inaugurated taskforce to flush out bunkering, adulteration products, artificial scarcity and all forms of illegalities in the sector. Inaugurating the task force in Asaba, the Delta State capital, the Niger Delta Operations Controller, Dr Eldson Nwadiaro, said they had a mandate to flush out all forms of illegalities in the petroleum sector …

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit (PMS) in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June. It was earlier reported …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …