Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate. The affirmation is contained in a statement on Monday in Lagos by the Group Chief Branding and Communications Officer of the company, Mr Anthony Chiejina. Chiejina stated that the company has consistently reduced the price of Premium …

Dangote Petroleum Refinery and Petrochemicals has further reviewed its ex-depot (gantry) loading cost of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre implemented six days ago, marking a 3.5 per cent decrease. The company informed its customers of the price reduction via a notice on Wednesday. …

The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday. The PUNCH gathered that the refinery informed its customers in a notice sent out on Thursday morning. A Pro forma …

Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre. It was observed that while there is no official communication from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday. This comes a few days after the …

The loading cost of Premium Motor Spirit (petrol) at private depots dropped to N925 per litre on Monday. The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday. Marketers said this reduction was influenced by the decision by the Dangote Petroleum Refinery to reduce its ex-depot price of PMS, from N950 to N890 per …

Oil marketers have declared that filling stations should not be blamed for the hike in the pump prices of Premium Motor Spirit (PMS), popularly called petrol, as queues for the commodity surfaced in various locations on Saturday. Many filling stations in Lagos, Ogun, Abuja, and Port Harcourt, among others, were closed on Saturday, as dealers explained that they were monitoring …

Transportation costs are set to skyrocket in the Federal Capital Territory (FCT) following the hike in the price of petrol by some stations of NNPC Limited (NNPCL) in Abuja on Wednesday. The stations of the national oil company have raised the retail price of petrol to N1,030 from N897 per litre, our correspondent observed across multiple NNPCL stations in the …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the Nigerian National Petroleum Company Limited (NNPCL) has not usurped its powers in determining the price of petrol in the country. The Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed, spoke in the wake of insinuations that the NNPCL had taken over one of the agency’s key functions. …

The stock market closed bearish last weekend amid energy crises during the week following sharp rises in the price of petrol to between N855 and N1,000 per litre from about N600 per litre, a development that was condemned by the private sector over possible adverse impact on businesses. Analysts opined that the economic reforms of the government, measured by the …

There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre. Sources informed our The PUNCH that there was a directive for retail …