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 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 price of Premium Motor Spirit (PMS), otherwise known as petrol, continues its free fall in Nigeria after six depots slashed the price to heighten competition in the downstream sector of the Nigerian Petroleum industry. Incoming reports indicate that Hyde, Pinnacle, Aiteo Emadeb, First Royal, and MENJ have reduced their prices to match the ongoing…
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…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria. Meanwhile, Dangote Petroleum Refinery initiated the price adjustment last…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), also known as petrol, at its filling stations in Lagos and Abuja. As at Monday, NNPC retail outlets sold the product for as low as N880 per litre in Lagos and N935 per litre in Abuja. The current…
Dangote Petroleum Refinery and Petrochemicals has announced another review of its ex-depot (gantry) loading price for Premium Motor Spirit (PMS), popularly known as petrol. The new price is now set at N835 per litre, down from N865 per litre, which had been in effect for the past six days, representing a 3.5 per cent reduction….
The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday. Our correspondent gathered that the refinery informed its customers in a notice sent out on…
The National Institute for Policy and Strategic Studies (NIPSS) says that with Dangote Refinery and others coming on board, Nigerians should expect a crash in the price of premium motor spirit, better known as petrol. The product was sold for less than ₦200 per litre before the removal; it currently sells for around ₦930 per…