Oil marketers have revealed that the landing cost of Premium Motor Spirit (PMS) as of Friday stood at ₦922.65 per litre. This price, which includes shipping, import duties, and exchange rates, is ₦32.35 lower than the ₦955 per litre offered at the Dangote Petroleum Refinery loading gantry. This reduction in landing cost is expected to…
The Federal High Court in Abuja adjourned until January 30 to hear a suit filed by Dangote Petroleum Refinery and Petrochemicals FZE. This case is against the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and six other defendants. Justice Inyang Ekwo granted the new date after George Ibrahim (SAN), counsel for Dangote Refinery, requested…
Dangote Petroleum Refinery firmly denies allegations of arbitrarily increasing petrol pump prices. The company attributes the recent ex-depot price adjustment for Premium Motor Spirit (PMS) to fluctuations in global crude oil prices. Impact of Crude Oil Prices on Dangote Refinery’s Ex-Depot Rates In a statement issued on Sunday by Anthony Chiejina, Group Chief Branding and…
Amid persistent blackouts and serial outages, over 250 manufacturers, academic institutions, and bulk electricity users have abandoned their respective power distribution companies (DisCos) to generate their own electricity. These entities, many of whom are heavy electricity consumers, have opted for self generation to ensure a steady and reliable power supply. This shift comes in response…
Heyden Petroleum and Ardova Partner with Dangote Petroleum Refinery for Affordable Fuel The refinery announced a partnership with Heyden Petroleum and Ardova Plc. This move aims to ensure affordable Premium Motor Spirit (petrol) across Nigeria. The refinery, in a statement, linked the deal to President Bola Tinubu’s crude-for-naira initiative. The initiative enabled both companies to…
