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 …

The long-awaited petrol from Dangote Refinery is expected to come on stream this week, a development that is a major milestone in Nigeria’s energy sector. According to two people who know the matter, the Dangote facility near the commercial hub of Lagos is on the verge of refining large amounts of petrol expected to hit the market this week. The …

The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit (PMS), otherwise known as petrol, according to The PUNCH. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to The PUNCH that the product would hit the market soon. The sources, who pleaded anonymity, …

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 …

Dangote Petroleum Refinery and Petrochemicals is set to begin production of premium motor spirit (PMS) popularly called petrol. Dangote Industries Limited’s Vice President for Oil & Gas, Mr. Devakumar Edwin, announced this during the tour of the refinery complex by the League of Engineering Bodies, including the National Society of Engineers (NSE), the Nigerian Academy of Engineering (NAE), the Association …