
Nigerian National Petroleum Corporation (NNPC)







Dangote refinery new partner Optima Energy is set to sell Dangote refinery petrol at the prices obtained at Ardova and Heyden filling stations nationwide.

Oil prices fell almost 2% to a 12-week low this week on rumors that OPEC+ will proceed with a planned increase in oil supply in April but the naira remains unstable.

Crude oil prices have fallen to a 12-week low, sparking speculations that petroleum product prices could crash further as Nigerian oil refiners continue price war.

An expert has said that Nigerians may have to pay more than N1,000 for petrol if the ongoing price competition between Dangote Refinery NNPCL comes to an end.

The owners of Ascon Oil Company Limited have revealed that the company still belongs to them until the share purchase rights entered with Quest Oil are paid.

As gas supply to NLNG reduces, the company has cut back on production. Experts say the resulting scarcity of the product could trigger price increase.

The Dangote Petroleum Refinery and the Nigerian National Petroleum Corporation Limited (NNPC) have adjusted fuel prices as competition intensifies.

The decline in Nigeria's Bonny Light Crude to $73,53 per barrel has been predicted to impact negatively on the country's economy, affecting the naira and the budget.

The petroleum marketers noted that they have huge quantities of unsold petroleum products that they may be unable to sell as the price war intensifies
Nigerian National Petroleum Corporation (NNPC)
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