Business

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 …

AT LAST, PETROL FROM DANGOTE REFINERY HITS NIGERIAN MARKET ON SUNDAY The much-anticipated Premium Motor Spirit (PMS), better known as petrol from Dangote Refinery, is set to hit the Nigerian market by Sunday, 15th September.According to inside sources quoted by Businessday, the refinery, located in Lagos State, is set to commence the distribution of its refined petrol to marketers across …

FUEL PRICE HIKE ALSO AFFECTS TINUBU – MINISTER The Minister of Labour and Employment, Nkeruka Onyejeocha, has revealed that President Bola Ahmed Tinubu is equally affected by the recent fuel price increase. The minister made the disclosure at a Town Hall engagement with organised labour and employers in Abuja, on Friday. According to Onyejeocha, the President is not only human …

MARKETERS COMPLAINED TO TINUBU THAT OUR DIESEL IS TOO CHEAP – DANGOTE Marketers of petroleum products in Nigeria have reportedly written to President Bola Tinubu to complain that the drop in price of Dangote Refinery’s diesel to N900 per litre, is negatively affecting their businesses. Devakumar Edwin, Vice President, Dangote Industries Limited, disclosed this on a Twitter Spaces session organized …