Dangote Refinery has reduced the petrol price by N49, triggering fresh price reductions at filling stations as competition intensifies in the downstream sector.
Dangote Refinery has reduced the petrol price by N49, triggering fresh price reductions at filling stations as competition intensifies in the downstream sector.
Dangote Refinery has announced new fuel prices for marketers purchasing its products, and partnered filling stations are set to adjust their pump prices accordingly.
The federal government has given an order to the NNPC Limited and NMPDRA to resume crude oil deal in naira with Dangote Refinery and others to crash fuel prices.
The Nigerian government, through the Federal Executive Council (FEC) has directed the full implementation of the naira-for-crude deal with local refineries.
There are new fuel prices across Africa. While most countries recorded a drop, Nigeria saw an increase but it still remains one of the cheapest in West Africa.
A recent report has alleged that oil cartels have hijacked plans by the Dangote Refinery to sell petrol cheaply to Nigerians by halting the naira-for-crude deal.
The Nigerian government, via the Presidential Initiative (Pi-CNG), has said that about 150 compressed natural gas (CNG) stations will be ready in the next 18 months.
A new joint venture that is anticipated to transform Nigerian marine transportation was signed by the NNPC Shipping, Stena Bulk, and Caverton Marine Limited.
Dangote Refinery has exported another shipment of low-sulphur straight-run fuel to Singapore after exporting aviation fuel to the United States and Saudi Arabia.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has projected a new fuel prices at filling stations below N400 per litre, but not straight forward.
Energy
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