
Dangote Petroleum Refinery has cut the prices of petrol at its six partner filling stations, promising to make fuel more affordable for Nigerians.
Dangote Petroleum Refinery has cut the prices of petrol at its six partner filling stations, promising to make fuel more affordable for Nigerians.
Nigeria has slashed electricity supply to Niger, capping it at 46mw from 80mw, representing 42% of total supply, leading to the country rationing electricity.
Some filling stations across the country are yet to adjust petrol prices despite recent cuts by Dangote Refinery and the Nigerian National Petroleum Company (NNPCL).
According to the Minister of Petroleum Resources, Heineken Lokpobiri, letting gas prices change in line with market forces is the main objective of deregulation.
Dangote Petroleum Refinery has decided to slash the fuel price for marketers and has instructed its retail partners to drop fuel prices below N900 per litre.
Dangote Petroleum Refinery and Petrochemicals has decided to once again reduce the cost of Premium Motor Spirit (PMS), popularly known as petrol by N30.
The Nigerian National Petroleum Company Limited (NNPCL) has also joined other downstream players such as Ardova, MRS, Hyden to slash fuel pump price.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that petrol prices could be sold as low as N350 per litre if crude falls to $50 per barrel.
The Lagos state government has declared that residents of the state spend about N14 trillion on fuel to power their generators for homes and businesses.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned of further price cuts in filling stations as some lowered costs below Dangote's rate.
Energy
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