Business

REFINERS ANGRY AS MARKETERS DUMP DANGOTE REFINERY FOR IMPORTED FUEL Crude Oil Refiners Association of Nigeria has kicked against a move by petroleum marketers to import Premium Motor Spirit (Petrol) despite the availability of Dangote Refinery Petrol. Publicity Secretary of CORAN, Eche Idoko, made this known in a statement condemning the move. His comments come as a report emerged that …

DANGOTE REFINERY: OUR HOPE DASHED – NIGERIANS Despite the rollout of premium motor spirit (PMS) otherwise known as petrol from the Dangote Refinery on Sunday, Nigerians have expressed disappointment over the high price of fuel.They said their hope on the refinery for a reduced fuel price after recent increment of pump price was dashed with the price sold to the …

OPEC BLAMES HIGH FUEL PRICES IN NIGERIA ON GOVT IMPOSED TAXES Nigeria’s fuel price hike has sparked widespread concerns, with many pointing fingers at oil producers, particularly local operators like Dangote Refinery. However, OPEC Secretary General, Haitham Al Ghais, has set the record straight, revealing that the real reasons behind high fuel prices lie elsewhere—primarily in taxes imposed by governments, …

FUEL PRICE HIKE: MARKETERS GIVE CONDITIONS TO BUY DANGOTE PETROL, EYE IMPORT Petroleum marketers in Nigeria say they are standing in limbo over the controversy surrounding Dangote Refinery Premium Motor Spirit (petrol) pricing as released by the Nigerian National Petroleum Company Limited on Monday. This comes as the petroleum marketers demanded that Dangote Refinery should disclose the price it sold …

HOPE DASHED AS FUEL FROM DANGOTE REFINERY COSTS MORE THAN IMPORTED ONEAs news broke that the Dangote Refinery had reached agreement to sell petrol to the Nigerian National Petroleum Company Limited (NNPCl), Nigerians began feeling excited and hoping that gasoline prices would drop in the country.However, that hope was dashed on Sunday when the NNPCL announced that it bought petrol …

IT MAKES NO SENSE TO SELL DANGOTE PETROL HIGHER THAN IMPORTED ONE – IPMAN The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones. IPMAN National Welfare Officer, John Kekeocha, stated this on Channels Television’s The Morning …

NNPC REVEALS PRICES OF PETROL FROM DANGOTE REFINERY The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from …

The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid N898 per litre for the purchase of petrol from the Dangote Refinery. Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated this while responding to a statement from the refinery. Anthony Chiejina, Group Chief Branding and Communications Office of Dangote, had refuted the earlier claim of NNPCL …

DANGOTE REFINERY: PETROL PRICES UNLIKELY TO GO DOWN – EXPERTSExperts have said that the commencement of operations at Dangote Refinery will not lead to a significant drop in petrol prices in Nigeria.The experts, who spoke in an interview on Thursday, said the refinery’s operations will lead to a more stable and predictable supply of petroleum products, reducing the volatility in …

FIVE TIMES TINUBU’S GOVT PROMISED TO KICKSTART PH REFINERYSixteen months into President Bola Ahmed Tinubu’s administration, sworn in May 29, 2023, the hope of Nigeria’s refineries returning to life, as promised, is fast becoming a mirage.Before the 2023 general elections, the president had, among other things, promised to make the state-owned refineries in Port Harcourt, Warri, and Kaduna operational. Not …