The Nigerian National Petroleum Company Limited (NNPCL) has concluded plans to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026, up from the five cargoes supplied in previous months. The development is part of the national oil company’s efforts to priorities domestic crude supply to local refineries. Despite the…
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented another major downward review, cutting the Premium Motor Spirit benchmark price by N129 per litre — a 15.58 per cent reduction….
Some members of the National Association of Oduduwa Students, the Coalition of Yoruba Students, and the Yoruba Movement are currently staging a peaceful protest in solidarity with the Dangote Refinery, amid its ongoing faceoff with oil unions, PENGASSAN, NUPENG, and the Depot and Petroleum Products Marketers Association of Nigeria. The protesters, who converged at Iwo…
The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement yesterday, the Minister of Finance and Chairman of…
By Yetunde Oke Two Public Affairs Analysts have urged federal government and other stakeholder in the petroleum sector to be transparent about their dealings in respect to Port Harcourt and Dangote Refineries. The analysts, Engr. Kemi Babawale and Comrade Ogundele Ayodele, made this know while featuring on Pensioners’ FM Current Affairs Programme, “The Searchlight.” According…
The Nigerian National Petroleum Company has released a breakdown of estimated prices of Premium Motor Spirit (Petrol) from Dangote Refinery in retail stations across the country based on September 2024 pricing. The Spokesperson of NNPCL, Olufemi Soneye disclosed this in a statement on Monday. The company confirmed that it is paying Dangote Refinery in United…
The Nigerian National Petroleum Company Limited has denied claims that it is responsible for the recent hike in premium motor spirit, commonly called petrol, in the country. The company said the pricing of petroleum products from any refinery, including the Dangote Refinery Ltd, is determined by global market forces, stating that there is no guarantee…
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with newsmen, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the NNPCL takes over…
The leadership of the House of Representatives, led by the Speaker, Tajudeen Abbas, has visited the $ 20 billion Dangote Petroleum refinery in Lagos State. The lawmakers arrived at the refinery located in the Lekki Free Trade Zone in Lagos around 11 am on Saturday and were received by the President of the Dangote Group,…
Dangote Petroleum Refinery and Petrochemicals plant has purchased one million barrels of Agbami Crude grade from Shell International Trading and Shipping Company Limited, STASCO. This is targeted at increasing Nigeria’s domestic refining capacity and attaining energy security (self-sufficiency). In a statement obtained by Vanguard, Dangote Refinery stated: “The STASCO cargo contained one million barrels from…