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The Dangote Petroleum Refinery has raised its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, by ₦85 per litre, moving the price from ₦1,265 to ₦1,350. The latest adjustment represents an increase of about 6.7 per cent and comes amid renewed pressure in Nigeria’s downstream petroleum market, with crude oil prices climbing…
The Dangote Petroleum Refinery and Petrochemicals has increased its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, from N1,185 to N1,200 per litre, in a fresh adjustment that could put additional pressure on fuel prices across Nigeria. The N15 increase took effect on Wednesday, August 26, 2026, according to a price adjustment…
Read More “Dangote Refinery Raises Petrol Price to N1,200, Sparks Fresh Pump Price Concerns” »
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has rejected claims that it withheld crude oil cargoes from the Dangote Petroleum Refinery under the Federal Government’s naira-for-crude arrangement. The national oil company said it had allocated all available crude cargoes under the initiative to the refinery in 2026, stressing that any difference between the expected…
The Federal Government has urged key players in Nigeria’s downstream petroleum sector to ensure that recent reductions in the ex-depot price of petrol are reflected at filling stations across the country, as consumers continue to grapple with high fuel costs. The position was made known during a meeting involving officials of the Federal Government, representatives…
Read More “FG Insists on Immediate Pump Price Cuts as It Meets Dangote Refinery, Fuel Marketers” »
Dangote Petroleum Refinery has achieved a significant milestone in its journey toward a public listing, with the facility now being valued at approximately $39.1 billion through its ongoing private placement exercise. The development comes amid growing investor appetite for a stake in the refinery, which is widely regarded as one of Africa’s most transformative industrial…
President of the Dangote Group, Aliko Dangote, has confirmed that the company turned down attempts by the Nigerian National Petroleum Company Limited to increase its existing 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote disclosed this during an interview with Nicolai Tangen, Chief Executive Officer of Norway’s Sovereign Wealth Fund, monitored on Wednesday….
Read More “Dangote Rejects NNPCL Move to Increase Refinery Stake Ahead of Planned Public Listing” »
Nigeria’s Dangote Petroleum Refinery has entered the European energy supply chain with exports of aviation fuel to the United Kingdom, signaling a major shift in global fuel dynamics amid worsening supply shortages. The development comes as Europe, particularly the UK, grapples with tightening jet fuel availability triggered by disruptions in traditional supply routes linked to…
Read More “Dangote Refinery Exports Jet Fuel to UK as Global Supply Crunch Reshapes Energy Trade” »
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” »
Nigeria’s fuel supply landscape is witnessing a major shift as the Dangote Petroleum Refinery has announced that more than 1,000 trucks now load petrol daily from its facility. The development signals a sharp rise in local fuel distribution and highlights the growing operational capacity of Africa’s largest single-train refinery. The refinery confirmed that the surge…
Read More “Dangote Refinery Hits Major Milestone as Over 1,000 Trucks Load Petrol Daily” »
The Dangote Petroleum Refinery has announced a major intervention in Nigeria’s downstream sector with plans to supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly to the Nigerian market. The supply is scheduled to begin in December 2025 and continue through January 2026, an effort aimed at ensuring nationwide fuel availability during the festive…