
Nigerian National Petroleum Company Limited has adjusted its petrol prices at its filling stations nationwide, with Lagos the cheapest and Yobe the most expensive.
Nigerian National Petroleum Company Limited has adjusted its petrol prices at its filling stations nationwide, with Lagos the cheapest and Yobe the most expensive.
Energy experts have hinted at another petrol price drop from Dangote Refinery due to a combination of factors, such as depot pressures and low crude prices.
The billionaire recalled back in 2007 when he spent $750 million to purchase the refineries from the government, but was forced to return them months later.
Alhaji Aliko Dangote, praised NPA for efficiently implementing the Federal Government's policy on domestic sales of crude oil and processed goods in naira.
Barely 24 hours after Dangote Refinery reduced its ex-depot petrol prices to N820 per litre from N840, depot owners have responded with cost cuts.
Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore production which is expected to take the lead.
BINL is set to develop a $15bn refinery and Free Trade Zone in Ondo State, creating jobs and boosting economic activity with a focus on community development.
The number of active oil rigs is a key indicator of the volume of oil exploration and production activities in the country. It has grown almost 500% in 4 years.
Dangote is expanding its operations by building a 1.6 million barrel fuel storage facility in Namibia to supply gasoline and diesel to Southern African markets.
Several days after Dangote Refinery reduced its ex-depot prices, marketers and filling stations have slashed their prices, selling below the refinery's rate
Energy
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