Diesel Price Surge Hits Nigerian Market DANGOTE Refinery has raised the price of diesel to ₦1,800 per litre, marking a significant increase that is expected to ripple across multiple sectors of the Nigerian economy. The adjustment underscores persistent volatility in the country’s downstream petroleum market, where pricing continues to reflect both domestic and global pressures. […]
By AMOS ESHIOFUNEH JOSHUA Refinery Expectations Meet Market Realities PUBLIC frustration over petrol prices has increasingly focused on the Dangote Refinery, widely seen as a transformational project expected to reduce Nigeria’s dependence on imported fuel and ease domestic pump prices. However, recent discussions around crude supply allocations and rising global oil prices suggest the pricing debate […]
Refinery Reverses Price Hike DANGOTE Refinery has reduced the ex-gantry price of Premium Motor Spirit (PMS) by ₦75, bringing it down to ₦1,200 per litre. The adjustment comes just weeks after the refinery raised its price to about ₦1,275 per litre amid volatility in global oil markets. Industry sources confirmed the latest price cut on […]
Geopolitical Crisis Reshapes Fuel Trade THE ongoing global energy disruption has begun to reshape fuel trade patterns across Africa, with Nigeria emerging as a critical supplier following supply shocks linked to tensions in the Middle East. Countries across the continent, particularly in Southern and East Africa, are increasingly turning to the Dangote Petroleum Refinery as […]
Price Reversal Jolts Petroleum Market NIGERIA’S downstream petroleum sector is facing renewed tension following a sharp increase in the depot price of petrol by the Dangote Petroleum Refinery and a controversial policy shift by regulators suspending petrol import licences. The refinery raised its gantry price for Premium Motor Spirit (PMS) to ₦1,175 per litre, reversing […]
Dangote Refinery Raises Petrol, Diesel Depot Prices DANGOTE Petroleum Refinery has raised its ex-depot prices for petrol and diesel, marking the fourth adjustment within two weeks and signalling increasing pressure in Nigeria’s downstream petroleum market. Under the new pricing template communicated to fuel marketers, the gantry price of Premium Motor Spirit (PMS), commonly known as […]
Refinery Adjusts Price as Global Oil Market Tightens THE Dangote Petroleum Refinery and Petrochemicals has raised its petrol gantry price to ₦995 per litre, marking another increase in domestic fuel pricing amid rising global crude oil costs linked to tensions in the Middle East. The adjustment comes only days after the refinery increased its ex-depot […]
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 […]