
Energy







The Dangote Refinery has quietly lowered its petrol prices again from N825 to N815 at its loading gantry following the crash in petrol landing costs.

Participants at the recently concluded Nigeria Energy Week (NOG) have harped on ensuring a robust oil production to ensure that Nigeria is energy-strong.

The Dangote Petroleum Refinery is nearing full production capacity and in need of crude oil and has begin discussing with the NNPCL for anew deal.

The Minister of State Petroleum Resources said domestic refineries will help reduce the price of refined petrol and the country's dependency on imported fuel.

The Dangote Refinery has reportedly lost about N32.5 billion as it lowered petrol prices twice in February, leading to petroleum product marketers lamenting.

Others, like the United Arab Emirates and Gabon, are also producing slightly above their assigned quotas. This has caused an increase in the global crude supply

According to report, the Dangote Refinery and Petrochemical Company is purchasing crude oil from outside vendors as it increases production at its facility.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have suggested to the government to step in over the price of fuel in the country.

A Nigerian businesswoman and oil merchant, Aisha Achimugu, has unveiled a 30-day Ramadan feeding programme for the homeless and less-privileged in Nigeria.
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