The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50 or 4.4 per cent reduction from the previous price and is expected to further intensify competition in Nigeria’s downstream …
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The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol pump price for the second time in four days. According to a market survey conducted by Daily Post, NNPCL retail outlets around Airport Junction, Wuse Zone 6, and Berger in Abuja had reduced the pump price of petrol to …
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The Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, also known as petrol, from ₦1,275 to ₦1,250 per litre. The reduction represents a two per cent decrease. According to Vanguard, market checks confirmed the adjustment amid intensifying competition in Nigeria’s deregulated downstream petroleum market and declining crude …
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The President of the Dangote Group, Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth Fund, …
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THE Dangote Petroleum Refinery and Petrochemicals Limited has appointed David Bird, former head of Oman’s Duqm Refinery, as its new Chief Executive Officer. He replaced Devakumar V. G. Edwin with effect from July 2025. A report by S&P global on Friday confirmed that Bird now heads the refinery’s petroleum …
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Dangote Petroleum Refinery has announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N880 to N840 per litre. This was confirmed on Monday night by the Group’s spokesperson, Anthony Chiejina. Chiejina said, “PMS price has been reduced from N880 to N840 per …
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Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion …
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Dangote Petroleum Refinery yesterday announced the commencement of an initiative designed to transform Nigeria’s fuel distribution landscape from August 15, 2025. The refinery, in a statement made available to The Nation, said the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms …
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THE competitive pricing in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loading cost of its petrol from N825 per litre to N815 per litre. A report by THE PUNCH newspaper said that the new …
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DANGOTE Petroleum Refinery has given reasons the company could not determine its petrol price. Anthony Chiejina, Group Chief Branding and Communications Officer, in a statement on Thursday, noted that PMS market was strictly regulated. This fact, he said, was known to all oil marketers and stakeholders in the sector, hence …
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