A Landmark Shift in Fuel Supply NIGERIA’S downstream petroleum landscape is set for a major overhaul as the Dangote Petroleum Refinery prepares to supply up to 65 million litres of petrol daily to the domestic market. Speaking in Lagos, Aliko Dangote, President of the Dangote Group, confirmed that a comprehensive offtake framework has been agreed […]
By ESTHER McWILLIS-IKHIDE DANGOTE Petroleum Refinery has reduced its ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦25 per litre. The refinery announced on Tuesday that the price had been cut from ₦799 per litre to ₦774 per litre, with the new rate taking immediate effect nationwide. The adjustment was […]
Dangote Refinery Flags Cost Risks of Coastal Fuel Delivery DANGOTE Petroleum Refinery has warned that petrol prices could rise to as high as ₦1,000 per litre if Nigeria continues to rely heavily on coastal delivery of petroleum products. In a statement issued on Thursday, the refinery said gantry loading remains the most efficient and cost-effective […]
By ESTHER McWILLIS-IKHIDE THE Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of premium motor spirit (PMS), commonly known as petrol, with new rates taking effect in major cities across the country. On Wednesday, NNPCL retail outlets in Lagos confirmed that petrol was selling at ₦835 per litre, while consumers in Abuja […]
By ESTHER McWILLIS-IKHIDE Petrol Consumption Jumps Sharply as Festive Demand Peaks NIGERIA’S daily petrol consumption surged to 63.7 million litres in December 2025, representing a sharp increase of 10.8 million litres per day from November levels, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figure, contained in the […]