Nigeria’s Dangote refinery has dispatched its first gasoline shipment to the United States, marking a new milestone for the $20bn facility and signaling the country’s growing influence in global oil product markets. The consignment left the refinery’s jetty near Lagos on 26 August aboard the vessel Gemini Pearl, carrying about 300,000 barrels of gasoline, according…
More European refiners are facing increasing pressure from Nigeria’s Dangote refinery as it ramps up production and curtails gasoline exports from Europe to West Africa, a development that could force closures of vulnerable refining plants across the continent. Since it began production in September 2024, Africa’s largest refinery, the 650,000 barrels per day (bpd) Dangote…
Dangote Petroleum Refinery has reduced its ex-depot price of premium motor spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre. The reduction comes a week after the refinery dropped its ex-depot price from N880 to N840 per litre. In a statement on Tuesday, Anthony Chiejina, Dangote Group’s spokesperson, said the…
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from…
The Nigeria Export Processing Zones Authority, the Federal Government’s One-Stop-Shop Committee on Crude Sales in Naira, and the Dangote Refinery and Petrochemicals Free Zone Enterprise have agreed to fast-track the implementation of a presidential directive aimed at achieving full energy security through the naira-denominated sale of crude to local refineries. The strategic alliance, forged on…
Nigerians may soon pay more for petrol as the Dangote Petroleum Refinery on Friday increased its ex-depot price for Premium Motor Spirit to N880 per litre, raising fresh concerns over fuel affordability and price volatility in the downstream sector. Checks on petroleumprice.ng, a platform tracking daily product prices, and a Pro Forma Invoice seen by…
The Dangote Petroleum Refinery has announced plans to begin nationwide distribution of Premium Motor Spirit and diesel from August 15, 2025. The company is deploying 4,000 brand-new Compressed Natural Gas-powered tankers to boost delivery capacity and improve access to fuel across the country. The offer, according to a statement released on Sunday, is open to…
Dangote Petroleum Refinery has again announced a fresh reduction in the pump prices of Premium Motor Spirit (PMS), also known as petrol, across Nigeria, with the new rates now ranging from N875 and N905 per litre, depending on the region. According to a breakdown of the updated pricing template, residents in Lagos will now pay…
Dangote Petroleum Refinery has slashed the gantry price Premium Motor Spirit, PMS, also known as petrol to ₦825 per litre from N835 per litre as competition continues in the domestic market. Last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per litre. Checks…
Economist and energy sector analyst Kelvin Emmanuel has stated that the Dangote Refinery is currently the only facility in Nigeria genuinely producing Premium Motor Spirit (PMS), commonly referred to as petrol. Emmanuel made the claim while speaking during the Morning Brief program on Channels Television on Monday. He dismissed the government’s narrative around the rejuvenation…
