The Dangote Petroleum Refinery has announced another reduction in its petrol gantry price, lowering the ex-depot rate from N828 to N699 per litre. Market figures released on Friday by Petroleumprice.ng showed that the refinery carried out a fresh downward adjustment, cutting the Premium Motor Spirit benchmark by N129 per litre — a 15.58 per cent…
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…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol following the resolution of recent supply glitches at the Dangote Refinery. Checks by DAILY POST revealed that the state-owned oil firm adjusted its retail price to ₦945 per litre, down from ₦955, reflecting a ₦10 reduction. The new price has already…
Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025,…
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…
The Nigerian National Petroleum Limited (NNPCL) has increased petrol price to N992 per litre from N865 per litre. No official reason has been given for the increment as of the time of filing this report. Across NNPC retail outlets visited by The Nation, attendants were seen adjusting their pumps to reflect the new price. At…
The Dangote Petroleum Refinery has announced the resumption of petrol sales in naira, effective immediately. The company in a public notice to its customers, titled “Resumption of DPRP PMS Naira Sales” said the decision comes after intervention by the Naira for Crude Technical Committee chairman. The refinery informed its customers that they can now place…
The Dangote refinery is set to commence its free fuel distribution scheme on Monday, starting with Lagos, the South West, Abuja, Kwara, Delta, Rivers, and Edo, respectively. According to the Dangote Group spokesperson, Anthony Chiejina, the scheme will bring relief to millions of Nigerians by providing fuel at reduced prices. The Dangote spokesperson said; “We…
Petroleum product marketers and retailers are trading blame as the premium motor spirit pump price nears N1,000 per litre in Nigeria. On Monday, the Nigerian National Petroleum Company Limited retail outlets across the country increased fuel prices. In Abuja, Nasarawa, and Kogi states, the NNPCL petrol pump price jumped by N65 per litre to N955…
Nigerian petroleum products marketers have announced a reduction of premium motor spirit prices, starting from today, Tuesday. This comes as the economy shuts down today owing to the public holiday declared by the federal government to honour ex-president Muhammadu Buhari. The national president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this…