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 …

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 …

The Federal Government has stated that it will not interfere in the ongoing dispute between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery over the pump prices of Premium Motor Spirit (petrol). This was disclosed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, while briefing State House correspondents at the Aso Rock …

Dangote Refinery has denied a claim credited to the spokesperson of NNPC Limited (NNPCL), Mr. Olufemi Soneye that it was selling Premium Motor Spirit (PMS, well known as petrol), to the oil company at N898 per litre. Dangote said the claim, which has caused frenzy among Nigerians, was not only misleading and mischievous, but deliberately aimed at undermining the milestone …

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 …

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the NNPC Limited (NNPCL) to be the sole buyer of its product. In a statement on Saturday by its spokesman, Mr. Olufemi Soneye, NNPC said that it would not buy Dangote fuel unless it was cheaper than that of the international market. This is …

Dangote Refinery has clarified that NNPC Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms. Group Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina in a statement on Thursday said the company is not in a position to determine the price of petrol as the sector is regulated. He …

Chairman of Dangote Group, Aliko Dangote, said yesterday the price of petrol from his refinery would be determined by the Federal Executive Council (FEC). Dangote, who disclosed this at a briefing in Lagos, said: “On pricing, it is an arrangement which is designed and approved by the Federal Executive Council, led by His President Bola Ahmed Tinubu. “As soon as …

The Lagos State Task Force on Environment and Special Offences said it has arrested six persons, including two women, over alleged illegal sales of petroleum products by the roadside. The spokesperson for the agency, Mr Gbadeyan Abdulraheem, confirmed this on Tuesday in a statement. Abdulraheem said that the task force conducted a sweeping operation on illegal sales of fuel at …