In the midst of recent petrol price hikes, Dangote Petroleum Refinery says its new dollar payment policy is not responsible. The refinery explained that no marketer has paid for petrol in dollars since the policy was introduced. Instead, marketers are raising prices in a bid to sell old stock bought before the new payment system….
Dangote Refinery Cuts Petrol Price to ₦1,175 Per Litre Dangote Petroleum Refinery has reduced its petrol gantry price to ₦1,175 per litre. This latest price cut has sparked fresh discussions across Nigeria’s fuel market. Many marketers and consumers are already watching closely to see what happens next. As a result, fuel distribution costs could drop…
Kenyan President William Ruto has said Africa must look inward for solutions to its development challenges, citing the Dangote Refinery as a clear example. Speaking at a programme on Thursday, Ruto said Nigeria struggled with fuel shortages for years despite being an oil-producing country, until a local solution emerged. “Nigeria has been producing oil for…
The Dangote Petroleum Refinery raised its ex-depot price for Premium Motor Spirit to N875 per litre. Officials implemented the change on March 2, 2026. This adjustment elevated the gantry price from N774 per litre by N101. The increase heightened worries about higher fuel costs nationwide. Price Hike Details Refinery staff suspended petrol loading operations at…
The Dangote Petroleum Refinery supplied 40.1 million litres of petrol per day in January 2026. This amount represented 62 percent of Nigeria’s total daily petrol supply of 64.9 million litres. Importers provided the remaining 24.8 million litres per day. The Nigerian Midstream and Downstream Petroleum Regulatory Authority released these figures in its monthly report. Surge…
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…
