downstream oil market
4 mins read
Dangote Refinery Set to Export First Petrol Cargo to Asia
The Dangote Petroleum Refinery is preparing to export its first petrol cargo to Asia, marking a pivotal shift from regional to global fuel trade. The 650,000 barrels-per-day Lagos-based mega refinery is set to load 90,000 metric tonnes of gasoline for shipment on June 22, according to sources close to the development. This move will be […]
3 mins read
Petrol Marketers Justify N899 Per Litre Price, Blame Rising Market Costs
In the wake of widespread public concern and industry backlash, leading petroleum marketing firm, SGR, has justified its decision to peg the pump price of Premium Motor Spirit (PMS) at N899 per litre. The company insists the price hike reflects prevailing market conditions following the full deregulation of Nigeria’s downstream oil sector. SGR’s defense comes […]