Category: Power and Energy

Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 Amid Global Oil Pressure

Posted on By Rextun boss No Comments on Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 Amid Global Oil Pressure
Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 Amid Global Oil Pressure

Nigeria’s largest refining facility, the Dangote Refinery, has announced a fresh increase in the ex-depot prices of petroleum products, pushing petrol to ₦1,275 per litre and diesel to ₦1,950 per litre. The latest adjustment represents a ₦75 increase in petrol price—about a 5 percent rise from the previous ₦1,200 per litre—while diesel recorded a sharper…

Read More “Dangote Refinery Raises Petrol to N1,275, Diesel to N1,950 Amid Global Oil Pressure” »

Petroleum, Power and Energy

Nigerian Fuel Marketers Suspend Price Updates as Dangote Refinery Price Increase Looms

Posted on By Rextun boss No Comments on Nigerian Fuel Marketers Suspend Price Updates as Dangote Refinery Price Increase Looms
Nigerian Fuel Marketers Suspend Price Updates as Dangote Refinery Price Increase Looms

Petroleum marketers across Nigeria have begun withholding updated pump prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), signaling growing uncertainty in the downstream oil sector as expectations mount over an imminent price adjustment from the Dangote Petroleum Refinery and Petrochemicals. Industry sources indicate that the unusual pause in price disclosures is a…

Read More “Nigerian Fuel Marketers Suspend Price Updates as Dangote Refinery Price Increase Looms” »

Petroleum

Dangote Refinery Cuts Petrol Gantry Price by ₦75 to ₦1,200 per Litre

Posted on By Rextun boss No Comments on Dangote Refinery Cuts Petrol Gantry Price by ₦75 to ₦1,200 per Litre
Dangote Refinery Cuts Petrol Gantry Price by ₦75 to ₦1,200 per Litre

Nigeria’s largest private refinery, the Dangote Petroleum Refinery & Petrochemicals, has reduced its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,200 per litre, marking a fresh downward adjustment in the domestic fuel market. The latest price review represents a reduction of about ₦75 from the previous rate of over ₦1,270…

Read More “Dangote Refinery Cuts Petrol Gantry Price by ₦75 to ₦1,200 per Litre” »

News, Petroleum

Dangote Refinery Receives Only 5 of 15 Crude Cargoes Under Naira Deal — CEO Raises Supply Concerns

Posted on By Rextun boss No Comments on Dangote Refinery Receives Only 5 of 15 Crude Cargoes Under Naira Deal — CEO Raises Supply Concerns
Dangote Refinery Receives Only 5 of 15 Crude Cargoes Under Naira Deal — CEO Raises Supply Concerns

The Dangote Petroleum Refinery has disclosed that it is currently receiving significantly fewer crude oil cargoes than expected under the Federal Government’s crude-for-naira arrangement, raising fresh concerns about feedstock adequacy for Africa’s largest refinery. The Chief Executive Officer of the refinery, David Bird, revealed that the facility is receiving just five crude cargoes monthly instead…

Read More “Dangote Refinery Receives Only 5 of 15 Crude Cargoes Under Naira Deal — CEO Raises Supply Concerns” »

Petroleum

Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment

Posted on By Rextun boss No Comments on Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment
Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment

Nigeria’s fuel market has recorded another upward shift as the Dangote Refinery increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,245 per litre to ₦1,275 per litre. The latest adjustment marks yet another price review in March 2026, reflecting continued volatility in Nigeria’s downstream petroleum sector. Reports indicate that…

Read More “Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment” »

Petroleum, Power and Energy

Nigeria Faces Looming Blackouts as Gas Suppliers Halt Supply to Power Plants Over N3.3tn Debt

Posted on By Rextun boss No Comments on Nigeria Faces Looming Blackouts as Gas Suppliers Halt Supply to Power Plants Over N3.3tn Debt
Nigeria Faces Looming Blackouts as Gas Suppliers Halt Supply to Power Plants Over N3.3tn Debt

Nigeria’s electricity supply could worsen in the coming weeks following the decision by gas suppliers to halt gas deliveries to thermal power plants over an estimated N3.3 trillion debt owed within the power sector. The development was disclosed by Dr. Joy Ogaji, Chief Executive Officer of the Association of Power Generation Companies (APGC), who warned…

Read More “Nigeria Faces Looming Blackouts as Gas Suppliers Halt Supply to Power Plants Over N3.3tn Debt” »

Power and Energy

BREAKING: Dangote Refinery Cuts Petrol Price to N1,075 Per Litre, Diesel Drops to N1,430

Posted on By Rextun boss No Comments on BREAKING: Dangote Refinery Cuts Petrol Price to N1,075 Per Litre, Diesel Drops to N1,430
BREAKING: Dangote Refinery Cuts Petrol Price to N1,075 Per Litre, Diesel Drops to N1,430

Nigeria’s downstream petroleum market may witness a fresh wave of relief following a price reduction announced by the Dangote Petroleum Refinery for petrol and diesel. In a new pricing template released on March 10, 2026, the refinery reduced the gantry (ex-depot) price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,075 per litre,…

Read More “BREAKING: Dangote Refinery Cuts Petrol Price to N1,075 Per Litre, Diesel Drops to N1,430” »

Petroleum, Power and Energy

Dangote Refinery Buys Nigerian Crude at International Prices — CEO

Posted on By Rextun boss No Comments on Dangote Refinery Buys Nigerian Crude at International Prices — CEO
Dangote Refinery Buys Nigerian Crude at International Prices — CEO

The management of the Dangote Petroleum Refinery has disclosed that the refinery purchases crude oil from Nigeria at international market prices, despite the introduction of a crude-for-naira arrangement by the federal government. The Managing Director and Chief Executive Officer of the refinery, David Bird, made the clarification during a media chat, explaining that the refinery…

Read More “Dangote Refinery Buys Nigerian Crude at International Prices — CEO” »

Petroleum, Power and Energy

Dangote Refinery Raises Petrol Price to ₦1,175 per Litre

Posted on By Rextun boss No Comments on Dangote Refinery Raises Petrol Price to ₦1,175 per Litre
Dangote Refinery Raises Petrol Price to ₦1,175 per Litre

Nigeria’s fuel market has recorded another major shift after the Dangote Petroleum Refinery increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre. The latest adjustment, communicated to petroleum marketers and depot operators on Monday, March 9, 2026, represents a significant jump from the ₦995 per litre price…

Read More “Dangote Refinery Raises Petrol Price to ₦1,175 per Litre” »

Petroleum

BREAKING: Petrol Sells for ₦1,040 in Lagos, Ilorin and ₦1,080 in Abuja as Fuel Prices Surge

Posted on By Rextun boss No Comments on BREAKING: Petrol Sells for ₦1,040 in Lagos, Ilorin and ₦1,080 in Abuja as Fuel Prices Surge
BREAKING: Petrol Sells for ₦1,040 in Lagos, Ilorin and ₦1,080 in Abuja as Fuel Prices Surge

Petrol prices have surged again across major Nigerian cities, with motorists now buying Premium Motor Spirit (PMS) at about ₦1,040 per litre in Lagos and Ilorin, while prices in Abuja have climbed to around ₦1,080 per litre in several filling stations. The latest increase follows fresh adjustments in Nigeria’s downstream petroleum market after the Dangote…

Read More “BREAKING: Petrol Sells for ₦1,040 in Lagos, Ilorin and ₦1,080 in Abuja as Fuel Prices Surge” »

Petroleum