The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says Nigerians should expect a reduction in the pump price of the product within the week. Last week, the Nigerian National Petroleum Company (NNPC) Limited and the Dangote Refinery reduced the ex-depot price of petrol to ₦899 per litre in Lagos. While the pump price…
Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to N899.50k per litre. This was announced in a statement on Thursday morning. The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season.” Africa’s first privately owned oil refinery, which previously lowered the…
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that…
The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalize agreements on the cost and lifting of petrol from the plant. It was learned on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to…
The price of Premium Motor Spirit (PMS), or petrol, has increased across all of Nigerian National Petroleum Company Limited’s (NNPC) retail outlets in Lagos from N855 per litre to N998 per litre. From the price it sold for yesterday, this is an increase of 12.7%, or N113 a litre. Drivers were unprepared for the early…
This was contained in a statement signed on Tuesday by the Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina. The denial comes following reports by some publications, that the refinery was in talks with oil marketers, and that petrol may sell for as low as ₦600 per litre. The company, however, emphasised…
