petrol

Oil Marketers Oppose Dangote’s Call for Import Ban, Warn Against Monopoly in Nigeria’s Fuel Market Detailed Breakdown: Three major oil marketing companies, AYM Shafa Limited, A.A. Rano Limited, and Matrix Petroleum Services Limited, have filed a legal opposition against a suit initiated by...

NNPC Begins Repayment of $6 Billion Petrol Supply Debt, Says Finance Minister Edun In a significant development, the Nigerian National Petroleum Company (NNPC) Limited has started repaying a $6 billion debt owed to suppliers of premium motor spirit (PMS), commonly known as petrol. The...

Dangote Refinery Starts Direct Petrol Sales to Marketers, Bypassing NNPC Detailed Breakdown: The Dangote Petroleum Refinery has begun supplying Premium Motor Spirit (PMS), commonly known as petrol, directly to oil marketers. This development marks a shift from the previous arrangement where...

Nigeria’s Petroleum Sector Attracts Just $5 Million in Foreign Investment for First Half of 2024 Despite government efforts to boost investment in Nigeria’s oil and gas sector, foreign capital inflows remain critically low. According to a recent report from the National Bureau of Statistics...

PETROL MARKETERS IMPORT 123 MILLION LITRES AMID ONGOING DISCUSSIONS WITH DANGOTE REFINERY In a bid to enhance fuel supply across Nigeria, petrol marketers have imported approximately 123.4 million litres of Premium Motor Spirit (PMS), according to findings from seaports. The shipments, spread...

NNPC RETAINS SOLE OFF-TAKER ROLE FOR DANGOTE REFINERY’S PETROL DESPITE FEDERAL GOVERNMENT’S DIRECTIVE The Nigerian National Petroleum Company Limited (NNPC) remains the sole purchaser (off-taker) of Premium Motor Spirit (PMS) from Dangote Refinery, despite a recent announcement from the Federal...

NNPC STEPS ASIDE AS SOLE BUYER FOR DANGOTE REFINERY PETROL, OPENING MARKET TO INDEPENDENT MARKETERS Details: 1. Withdrawal Announcement: The Nigerian National Petroleum Company Limited (NNPC) has announced it will no longer serve as the sole off-taker for petrol produced by the Dangote...

NAIRA-FOR-CRUDE INITIATIVE KICKS OFF AS DANGOTE REFINERY AWAITS FIRST SUPPLY, THREE MORE REFINERIES SET TO PRODUCE PETROL Key Details: 1. Initiation of Naira-for-Crude Deal: - The Nigerian National Petroleum Company Limited (NNPC) is expected to start supplying crude oil to the Dangote...

NIGERIAN MARKETERS FACE CHALLENGES IN DIRECT PETROL PURCHASES FROM DANGOTE REFINERY AMID PRICING DISPARITIES Nigerian petroleum marketers, including those from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of...

DANGOTE TO TRANSPORT REFINED PRODUCTS BY SEA TO EASE PRESSURE ON ROADS In a strategic move, the Dangote Group has announced plans to transport refined petroleum products via sea routes to alleviate road congestion and improve the distribution of products across Nigeria and other African...

NLC BLAMES POLICY SOMERSAULT FOR NNPC, DANGOTE DISAGREEMENTS Speaker: Joe Ajaero, President of the Nigeria Labour Congress (NLC), made statements regarding the ongoing issues between the Nigeria National Petroleum Company (NNPC) and Dangote Petroleum Refinery. Key Issue: Ajaero attributes the...

DANGOTE URGED TO BE CONSIDERATE IN PETROL PRICING Summary: - Appeal to Alhaji Aliko Dangote: Segun Showunmi, a prominent member of the Peoples Democratic Party (PDP) in Ogun State, has called on Alhaji Aliko Dangote, owner of Dangote Refinery, to prioritize national interest and fairness over...

PETROL WILL BE EXPORTED IF MARKETERS BOYCOTT PRODUCT — DANGOTE REFINERY Summary: The article discusses the challenges faced by the Dangote Petroleum Refinery in Nigeria, including difficulties in selling its locally produced Premium Motor Spirit (PMS or petrol) due to a lack of patronage from...

DANGOTE PMS READY FOR ROLLOUT 1. Dangote Petroleum Refinery and PMS Rollout: - The Dangote Petroleum Refinery is preparing to launch the sale of Premium Motor Spirit (PMS), commonly known as petrol, into the market. - This rollout comes shortly after the refinery conducted a test run of...

SEPTEMBER ROLL-OUT: TINUBU PANEL, DANGOTE REFINERY BRAINSTORM ON PETROL PRICING 1. Background Information: - The article centers around the Federal Government of Nigeria's efforts to implement crude oil sales to local refineries in naira and the upcoming petrol pricing at Dangote Petroleum...

DANGOTE REFINERY BEGINS PETROL PRODUCTION TEST-RUN– REPORT Dangote Refinery, one of Africa's largest industrial projects, is currently undergoing test runs for the production of Premium Motor Spirit (PMS), commonly known as petrol. According to a report by Reuters, the test runs are set to...

DANGOTE REFINERY AGREE ON SEPTEMBER PETROL ROLLOUT Background and Agreement: - The Federal Government of Nigeria formed a committee to ensure that crude oil sales to local refineries would be conducted in naira rather than foreign currency. This committee has now reached an agreement with the...

Most marketers can't afford to purchase 45,000 liters of petrol due to subsidy removal, former IPMAN chairman Sarajudeen Bada, the former chairman of the Independent Petroleum Marketers Association of Nigeria(IPMAN) has said that its members can no longer afford to purchase 45,000 litres of...

According to information disclosed through the Petroleum Products Pricing Regulatory Agency, the Federal government will no longer regulate price bands for the sale of the premium motor spirit popularly called petrol noting that the downstream arm of the oil and gas sector had been fully...