Nigerians may no longer depend on imported petrol to the same extent as before, but that shift has not eliminated the factors keeping pump prices elevated. Aliko Dangote, President of Dangote Group, has explained that producing petrol locally does not automatically make the commodity cheap because the refinery still operates within a market influenced by […]
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. This new price is effective from Saturday, February 1, 2025. In a statement issued on Saturday, the company attributed this price cut to the favorable trends in global energy and […]
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In order to finalize agreements on the price and lifting of gasoline from the plant, the Independent Petroleum Marketers Association of Nigeria is scheduled to have meetings with Dangote Petroleum Refinery on Tuesday and Wednesday. On Sunday, it was discovered that the $20 billion refinery located in Lekki had requested that the Petroleum Retail Outlet […]
