Dangote Refinery has pegged the ex-depot price of Premium Motor Spirit (PMS), better known as petrol or fuel, at $0.779 per litre, officially commencing dollar-denominated sales of refined petroleum products and ending the naira pricing regime introduced under the Federal Government’s naira-for-crude policy. Newsextra24 reports that the new pricing template, …
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Dangote Petroleum Refinery on Wednesday reduced its ex-depot price of Premium Motor Spirit, popularly known as petrol, by ₦1 per litre, even as diesel prices rose across several petroleum depots in Lagos. The development reflected mixed trends in Nigeria’s downstream petroleum market, with petrol prices showing slight reductions in some …
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The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, UAE. S&P Global Commodity Insights reports that the latest crude import from the UAE is the first-ever procurement of Middle Eastern crude as the plant expands its feedstock sources amid persistent domestic supply constraints …
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Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to position himself for investment in the proposed initial public offering of Dangote Petroleum Refinery, describing the facility as a transformative industrial project capable of reducing Africa’s dependence on imported petroleum products. Otedola made the disclosure during …
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Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre. The company said the ₦100 reduction was part of measures to ease the financial pressure on airline operators and ensure a steady supply of aviation fuel across the …
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Dangote Petroleum Refinery and Petrochemicals has announced the resumption of the sale of petrol in naira The announcement was contained in a memo the refinery sent to marketers. The memo said: “Following the intervention of the Naira for Crude Technical Committee Chairman, we are pleased to inform you of the …
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The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure. In an email sent to its customers at exactly 6:42 pm on Friday, the refinery disclosed that the decision would …
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Dangote Petroleum Refinery has sacked all its Nigerian workers less than 24 hours after most of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN. The decision was communicated in a memo dated September 25, 2025, signed by the Chief General Manager of Human Asset Management, …
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Nigeria’s Dangote Refinery has for the first time sourced crude from Ghana, underscoring its push to diversify supplies and stabilise production as Africa’s largest refining complex edges closer to full capacity. Ghana joins feedstock mix The $20bn facility has incorporated Ghana’s Sankofa grade into its intake, data from market tracker Kpler shows. The …
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Dangote Refinery has dumped petroleum products marketers as its direct fuel and diesel distribution nationwide scheme draws closer. This comes as a letter by the 650,000-barrel-per-day refinery to all its strategic partners dated July 13th, 2025, and signed by Dangote’s Group Executive Director-Commercial Operations, Fatima Dangote, showed that the plant …
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