Dangote Petroleum Refinery and Petrochemicals imported nearly 250,000 metric tonnes of crude oil and intermediate feedstocks at its Lekki terminal in Lagos. Nigerian Ports Authority data revealed the details. The imports included refinery feedstock and petroleum blending components such as crude oil, condensate, naphtha, and cracked gasoline. The vessel Seaways Montauk delevered 140,187 metric tonnes…
Dangote Petroleum Refinery reduced its Premium Motor Spirit gantry price by N25 per litre. The company lowered the ex-depot rate from N799 to N774 per litre. Marketers received the communication on Tuesday, and the change took immediate effect. The Group Commercial Operations Department issued a notice. It stated, “This is to notify you of a…
Dangote Petroleum Refinery issued a warning that reliance on coastal logistics for fuel distribution could increase petrol prices significantly. The refinery released a statement on February 5, 2026, highlighting potential added costs. “In our opinion, coastal logistics can add approximately N75 per litre to the cost of petrol, which, if passed on to consumers, would…
The Dangote Petroleum Refinery faced persistent challenges with its Residue Fluid Catalytic Cracker unit. This key component cracked heavy residues into valuable products like gasoline and diesel. Sources revealed that the refinery continued to import diesel and feedstock to maintain operations. Diesel Cargo En Route from India A Suezmax tanker named MT AESOP loaded diesel…
The Dangote Petroleum Refinery increased its gantry price for Premium Motor Spirit (PMS), or petrol, from N699 per litre to N799 per litre on January 26, 2026. This change ended a temporary price reduction provided during the festive season. The refinery announced the adjustment through an official statement on Monday evening. The Announcement and Price…
Dangote petrol price will drop again from Tuesday, as Aliko Dangote confirmed that petrol will sell for no more than ₦740 per litre in all MRS filling stations. Dangote made the announcement on Sunday during a press briefing at the Dangote Refinery complex in Lagos. He explained that the price reduction followed a cut in…
Aliko Dangote disowns misinformation. He does not believe in claims that US President Donald Trump does not support Dangote Refinery. Rather he says Trump is pleased with the project. Dangote’s claim allays fears in the oil industry in Nigeria. Background on the Refinery The Dangote Refinery stands as a massive $20 billion investment. Located in…
Nigeria’s fuel market sees a big shift today. Dangote Petroleum Refinery cuts its ex-depot petrol price to N699 per litre. This move drops the cost from N828 per litre. Officials confirm the change takes effect immediately. As a result, drivers and businesses gain relief during the busy December season. Details of the Price Adjustment The…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that Nigeria petrol consumption averaged 56.74 million litres per day in October 2025. This figure reflects nationwide demand across fuel distribution channels. Domestic Production and Imports According to the NMDPRA’s fact sheet released on Friday, local refineries produced 17.08 million litres daily, while imports…
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has welcomed the federal government’s suspension of the planned 15 per cent import duty on petroleum products. He described it as a strategic decision that shields consumers and also supports local production. Suspension Result of Behind-the-Scenes Dialogue Speaking to…
