In response to the continuous depreciation of the Nigerian naira against the US dollar, the Dangote Petroleum Refinery has raised the price of diesel from ₦940 per litre to ₦1,100 per litre. This decision comes after a series of consultations with oil marketers and an initial price reduction from ₦1,200 per litre to ₦1,000 per … Read more
The Dangote Refinery is poised to halt Nigeria’s monthly importation of approximately one billion liters of premium motor spirit, signaling a significant shift in the nation’s fuel landscape. Aliko Dangote, Chairman of the Dangote Group, announced that Nigeria will cease petrol imports once the refinery begins selling the product in June. This development follows the … Read more
The Independent Marketers said that the difficulties that caused the fuel scarcity will take another two weeks to properly rectify. On Sunday in Abuja, most fuel stations were out of supply, with only a few prominent marketers distributing the product in the city center. In the suburbs, the few stations that opened to motorists increased … Read more
The Dangote Petroleum Refinery, which processes 650,000 barrels per day, has set a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it’s sales begin today. The Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, revealed this on Tuesday. He said: “The least volume a marketer … Read more