The Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for premium motor spirit (PMS), popularly known as petrol, to ₦1,200 per liter. According to him, the price adjustment represents a downward review in the refinery’s pricing template. This comes at a time of heightened uncertainty in the global oil market, driven by geopolitical…
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval given to a company named Process Design and Development Limited is to establish and construct a new 27,000 barrels per day refinery. It said the facility will…
Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN, has announced that the Port Harcourt refinery will sell petrol at N1,030 per litre, affirming that the refinery is operational as stated by the Nigerian National Petroleum Company Limited. In a statement released by PETROAN spokesman, Mr Joseph Obele who noted that the NNPCL informed the…
The Chairman of the Dangote Group, Aliko Dangote, has said that with the plan the Dangote Refinery has in place, Nigeria will not need to import gasoline by next month. Dangote said that the refinery, which has already started supplying diesel and aviation fuel in Nigeria, has the capacity to meet the diesel and petrol…