Dangote Refinery
Dangote Refinery Deploys 4,000 CNG Powered Tankers To Begin Nationwide Petrol, Diesel Distribution
The Dangote Petroleum Refinery has announced the commencement of nationwide distribution of Premium Motor Spirit (PMS) and diesel starting August 15, 2025. In a statement released on Sunday, the refinery revealed that the scheme targeted marketers, petrol station operators, manufacturers, telecom firms, aviation companies, and other large-scale users across the country. As part of its […]
BREAKING: Dangote crashes petrol price to N860 per litre in Lagos
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. The price adjustment, according to Dangote was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan […]
Just In: Dangote Refinery increases petrol prices from N899 to N955/litre
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N899.50 to N955 per litre, citing the rising cost of Brent crude oil as a major factor. In an official statement issued on Friday, the refinery disclosed that the new pricing structure takes effect from 5:30 […]
Petrol price drop: Dangote, IPMAN sign 60m litres weekly fuel deal
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply deal. This comes as IPMAN confirmed that fuel prices have marginally reduced across its member filling stations nationwide. The Spokesperson of IPMAN, Chinedu Ukadike, disclosed this to DAILY POST on Sunday while giving an update […]
JUST IN: Dangote Refinery denies fresh lawsuit against NNPC, others
The Dangote Petroleum Refinery has refuted claims that it filed a lawsuit against Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority and other marketers to revoke their licence to stop fuel importation. It said that a process to commence the formal withdrawal of the lawsuit will commence in January 2025. The […]
Refinery operations boost Dangote’s net worth 100% to $28bn
The commencement of operations of the Dangote Refinery has led to about 100 percent increase in the net worth of Aliko Dangote, Bloomberg Billionaires Index stated on Thursday. According to the Bloomberg Billionaires Index, the commencement of full operations at the oil refinery has substantially boosted the wealth of the industrial magnate. Dangote Refinery, situated […]
Dangote To Begin Crude Oil Production Soon, Says Report
Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a Floating Production Storage and Offloading (FPSO) vessel with a […]
Oil yet to lifted from Dangote Refinery – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that it is still in negotiations with the Dangote Refinery regarding the commencement of oil-lifting operations. Currently, IPMAN has not begun taking products from the refinery. The association refuted earlier reports claiming it accused Dangote of preventing its members from purchasing oil directly from the […]
Naira-for-crude: Dangote refinery to get 400,000 barrels daily — Report
The Federal Government is set to supply up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under a naira-for-crude agreement. According to a report by Bloomberg, this arrangement is expected to roll out over the next two months, with approximately 24 million barrels of Nigerian crude being delivered between October and […]
NNPC quits as middleman in Dangote Refinery petrol purchase
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, according to PREMIUM TIMES. This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery. This […]