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 …

This was tough to write. My heart resisted it, but I yielded to my head. The petrol in my car, a 2.0-litre 2012 Tokunbo Camry, was at half-tank the day before writing. When pump prices went from 195/litre to 617/litre between May and June 2023, I parked my Jeep and, despite being occasionally mistaken for an Uber driver, opted for the …

The Nigerian National Petroleum Company Limited (NNPCL) is still the sole off-taker of Premium Motor Spirit (PMS), popularly called petrol, from the Dangote Petroleum Refinery despite the recent directive of the Federal Government that other oil marketers were free to start loading PMS from the plant. Oil marketers revealed on Wednesday that NNPCL would continue to be sole off-taker of …

The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at N995 per litre. This followed the intervention of the Department of State Services (DSS) in the controversy between the two parties. The National Vice President of IPMAN, Hammed Fashola, told The PUNCH that …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) had been asked by the $20 billion Lekki-based refinery to resend its …

NNPC Limited (NNPCL) has agreed to permit oil marketers, who operate under the auspices of the Independent Petroleum Marketers Association of Nigeria (IPMAN), to commence the lifting of Premium Motor Spirit (petrol) from its depot at a lower price. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has also committed to issuing import and off-taker licenses to the oil …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over likely fuel scarcity despite the increasing costs of petroleum products. The association said there appeared to be disagreement between members of the association and the management of the Nigeria National Petroleum Company Limited (NNPCL). Speaking with journalists in Ilorin on Friday, the IPMAN National Public Relations Officer, …

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 …