Dangote Refinery
N32bn Loss for Dangote Refinery Following Petrol Price Slash
The Dangote oil refinery has incurred a significant loss of N32.5bn following the recent price cut of premium motor spirit (PMS), also known as petrol. YThis development comes as a result of the Dangote refinery’s decision to reduce the ex-depot price of petrol by N65, from N890 to N825 per litre, effective from February 27. […]
NNPCL Lowers Petrol Price to N860/Litre, According to Marketers
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly reduced the petrol pump price to N860 per litre, according to marketers. This development comes after the Dangote Refinery announced a price cut last week, reducing its ex-depot petrol price from N890 to N825 per litre. Some retail outlets belonging to NNPCL in Lagos have already […]
Dangote Refinery Diversifies Crude Sources with Algerian Import
In a significant development, the Dangote Petroleum Refinery has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude oil. This move comes amidst a local shortfall in crude oil supply, despite Nigeria’s crude production reaching 1.5 million barrels per day in January. The refinery’s decision to import […]
Dangote Refinery Unveils Plan for #65/Litre Fuel Subsidy Refund
In a move aimed at ensuring that Nigerians benefit from the recent reduction in the price of Premium Motor Spirit (PMS), Dangote Petroleum Refinery has announced a refund scheme for customers who purchased the product at rates higher than the advertised prices. The refund scheme, which takes effect immediately, applies to customers who purchased PMS […]