The Dangote Petroleum Refinery has slashed its ex-gantry petrol price to N828 per litre. According to sources at the refinery, the price of the product was reduced by N49 from the prior price of N877 per litre. “The refinery reduced its petrol price to N828 per litre,” a source said. The development comes amid plans…
Dangote Refinery has announced that it is increasing its production from 650,000 barrels per day to 1.4 million barrels per day. When completed, the expansion will make the facility the largest refinery in the world, surpassing the Jamnagar Refinery in India. Speaking at a press conference in Lagos on Sunday, the President of the Dangote…
The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre to different parts of the nation. Checks by Vanguard yesterday indicated that the deployment of the CNG trucks has enabled the 650,000 barrels per day…
Dangote Petroleum Refinery has dismissed reports claiming it imported finished petrol with high sulphur content into Nigeria, describing the allegations as false and misleading. An online publication, Sahara Reporters, had alleged that the refinery was bringing in high-sulphur petrol from the United Kingdom aboard the vessel MT Clearocean Mary, which it said was scheduled to…
Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, by ₦50. GISTSMATE MEDIA reports that Dangote lowered its price from ₦810 per kilogram, which was obtainable last week, to a current price of ₦760 per kilogram. A market comparison shows that both Matrix and Ardova depots have…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has dissolved the branch executive councils of the Nigeria Gas Infrastructure Company Ltd (NGIC) and the NNPC Gas Marketing Limited (NGML). The dissolution followed the “inability” of the executives to completely shut down gas supply to Dangote refinery during the association’s strike. The development,…
Vice-President Kashim Shettima says it was unnecessary for the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to hold the nation to ransom over “a minor labour dispute”. Shettima spoke on Monday at the 31st Nigerian Economic Summit (NES) of the Nigerian Economic Summit Group (NESG) held in Abuja. On September 28, PENGASSAN…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike against the Dangote Group after several days of disruptions across the oil and gas sector. The industrial action, which began on Sunday, September 28, was triggered by the dismissal of more than 800 workers who had voluntarily joined the…
The Federal Government has said the Dangote Group will redeploy staff earlier disengaged from its refinery operations, following the resolution of its dispute with the Petroleum and Natural Gas Senior Staff Association of Nigeria. The FG also announced that the redeployed staff will not suffer any loss of pay due to the redeployment. The Minister…
The Nigerian Independent System Operator (NISO) has stated that electricity generation on the National Grid has dropped to 3,200 megawatts (MW) due to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). A statement by NISO said the disruptions by PENGASSAN triggered widespread gas shortages, reducing available generation from…