
Aliko Dangote







The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) has met with refinery owners and oil marketers on new pricing and competition.

A fire outbreak occurred at the Dangote refinery in the Lekki area of Lagos on Wednesday, June 26, but it was successfully put off, and there is no cause for alarm.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied claims by Dangote Refinery that marketers import dirty fuel.

Petroleum marketers have urged Dangote Refinery to lower its prices for competitiveness against importers amid rising demand for cheaper imported fuel.

Industry insiders have stated that a lack of crude oil could postpone Dangote Oil Refinery's much awaited July debut into the gasoline supply market.

Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has blamed the NMDPRA for the import of dirty diesel and aviation fuel in Nigeria.

The Dangote Refinery has disclosed plans by international oil companies to derail the refinery's plans to produce petroleum products by inflating prices.

According to data from the National Bureau of Statistics (NBS), in May 2024, customers spent N1403.96 on average per liter for vehicle gas oil, also known as diesel.

The Dangote Refinery has begun its first petroleum product export to Singapore, the first time the refinery will break into the Asian market with low-sulfur fuel.
Aliko Dangote
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