Intense pricing competition emerged in the nation’s downstream sector on Saturday after the Nigerian National Petroleum Company Limited (NNPCL) reduced its ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, to N899 per litre. This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association …

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The spokesperson for PETROAN, Joseph Obele, made this call in a statement on Thursday. This comes after Dangote Refinery reduced its ex-depot petrol price to N899.50 per …

The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging. A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by newsmen claimed that the refinery was undergoing calibration …

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 …

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 …

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 …