Geopolitical tensions in the Middle East are reshaping Africa’s energy supply chain, as several countries on the continent look to Nigeria’s Dangote Petroleum Refinery to cushion the impact of disrupted fuel imports. The ongoing standoff involving Israel, the United States, and Iran has placed the Strait of Hormuz—one of...
Fuel scarcity
Former presidential candidate of the Labour Party, Peter Obi, has said Nigeria’s vulnerability to global economic shocks is largely due to poor planning and the absence of strategic buffers such as petroleum reserves. In a post titled: ” _When Countries Fails To Plan”,_ and shared on his X (formerly...
Dangote Petroleum Refinery has announced a significant reduction in the prices of petrol (PMS) and diesel (automotive gas oil), effective immediately. Under the new pricing structure, the gantry price of petrol has been cut from ₦1,175 to ₦1,075 per litre, while the coastal price dropped from ₦1,150 to ₦1,028...
The ongoing war between the United States (US), Israel and Iran in the Middle East has continued into its second week, raising the economic threat this conflict poses to South Africa. Iran has responded to the 28 February US/Israel attack by targeting oil-producing states in the Persian Gulf that...
Dangote Refinery increases petrol price to ₦1,175/litre, diesel to ₦1,620 as global oil prices surge
Dangote Refinery increases petrol price to ₦1,175/litre, diesel to ₦1,620 as global oil prices surge
Nigeria’s largest refinery, the Dangote Petroleum Refinery, has increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, while the price of Automotive Gas Oil (AGO), or diesel, has been raised to ₦1,620 per litre. The new pricing, which applies to fuel...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
Price of Premium Motor Spirit (PMS), popularly known as petrol, has surged to N1,000 per litre in Uyo, the Akwa Ibom State capital, following a sudden hike that has left many filling stations closed. Findings across the city revealed that most petrol stations, including several major marketing outlets, did...
For the third consecutive year, Nigerians are counting down to Christmas without the familiar anxiety of fuel scarcity — a development that supporters of President Bola Ahmed Tinubu say is worth celebrating. With exactly ten days to Christmas, petrol is readily available across the country, selling for under ₦900...
Petrol will sell for ₦739 per litre across Nigeria from Tuesday, as billionaire industrialist Aliko Dangote moves to ease fuel costs and clamp down on what he described as deliberate price manipulation by marketers. The Founder and President of Dangote Group made the announcement on Sunday during a press...
Aliko Dangote has delivered a message many Nigerians have waited decades to hear—this Christmas season will not be marked by the familiar, frustrating fuel queues. Speaking with State House Correspondents on Friday after what he described as a routine meeting with President Bola Tinubu at the Presidential Villa, Abuja,...
Nigerian Coalition of Civil Society Organisations (NCCSO) has condemned the Federal Government’s decision to defer the 15% import duty on Premium Motor Spirit (PMS) and Diesel until the first quarter of 2026, describing it as a deliberate move that “strangulates local refineries and empowers foreign importers.” The coalition’s National...
In a decisive move to stem the tide of insecurity in Kogi State, the Chairmen of Mopamuro and Ijumu Local Government Areas have issued executive orders banning the sale of petrol in jerrycans, citing its potential use by criminal elements. Announcing the directive on Friday in Mopa, Mopamuro LGA...
Lagos State chapter of the Nigeria Labour Congress (NLC) has called on the Federal Government to supply crude oil to the Dangote Petroleum Refinery in naira to reduce fuel costs and bolster local refining. During a Tuesday visit to the refinery and Dangote Fertiliser Ltd. by NLC officials and...
By EZEKIEL OBI, Abuja– The Peoples Democratic Party (PDP) has demanded that President Bola Tinubu account for the billions of naira reportedly saved from the removal of fuel subsidies and investigate the alleged theft of over N25 trillion by APC leaders and government officials. The PDP’s National Publicity Secretary,...
The Confederation of All Progressives Congress (APC) Support Groups has attributed the Nigerian National Petroleum Company Limited (NNPCL’s) achievements to the capacity of its Group Chief Executive Officer (GCEO), Malam Mele Kyari, to transform the company. Its Director-General, Prof. Kailani Muhammed, who said this on Wednesday at a news...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says its Group Chief Executive Officer, Malam Mele Kyari, is not responsible for the hike in prices of Premium Motor Spirit (PMS) also known as fuel. The Chief Corporate Communications Officer, NNPCL, Mr Olufemi Soneye, said this on Tuesday while reacting...
Chairman, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, has said his company has the capacity to meet the country’s local demand. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at...
The Publicity Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Ukadike Chinedu, has said that the scarcity of fuel being presently experienced will soon be over. Chinedu told the News Agency of Nigeria (NAN) that the shifting of the supply chain was the cause of the scarcity in...
Fuel queues have resurfaced across Lagos following an increase in petrol prices by the Nigerian National Petroleum Company Ltd (NNPC) and other marketers. The News Agency of Nigeria (NAN) reports that many filling stations, including those along Ikorodu Road, Ikeja and Bariga, have temporarily closed due to the price...
Motorists and commuters in Jos, have decried the hike in pump price of Premium Motor Spirit (PMS), by the Nigerian National Petroleum Corporation Limited (NNPCL). The NNPCL on Monday increased the pump price of PMS from N617 to N897 at its outlets. The News Agency of Nigeria (NAN), correspondent...