Tag: Dangote Refinery
Dangote Refinery Reduces Diesel Gantry Price By N200 As Importers Receive New Shipments
LAGOS, NIGERIA – MAY 28, 2026 Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price of diesel by N200 per litre as fuel importers begin to receive fresh shipments into the country. The refinery cut the price of diesel from N1,800 per litre to N1,600 per litre on Wednesday, according to Platts, an independent…
Dangote Refinery Targets $2bn Investments From Private Investors Ahead of IPO
LAGOS, NIGERIA – MAY 20, 2026 President of the Dangote Group, Aliko Dangote, has disclosed that the company is targeting about $2 billion in investments from private investors for the Dangote Petroleum Refinery ahead of its planned Initial Public Offering (IPO). Dangote made the disclosure on Wednesday during a visit by Femi Otedola, chairman of…
Dangote Refinery Increases Petrol Price to ₦1,350 per Litre
Lagos, Nigeria, May 5, 2026 Dangote Refinery has announced an increase in the ex-depot price of Premium Motor Spirit (PMS), raising it by ₦75 from ₦1,275 to ₦1,350 per litre. The adjustment reflects ongoing shifts within the downstream petroleum sector, influenced by market dynamics and operational considerations. The new price is expected to have a…
Dangote Refinery Begins Jet Fuel Exports to U.S., Set to Lower Aviation Prices
The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), has announced the commencement of jet fuel exports from the Dangote Refinery to the United States, a development expected to lower aviation fuel prices in North America ahead of the peak summer travel season. In a statement issued by refinery management and confirmed by…
Dangote Petroleum Refinery Temporarily Suspends Sales of Petroleum Products in Naira
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing the need to align its sales proceeds with its crude oil purchase obligations, which are denominated in U.S. dollars. The decision, communicated in a statement released on March 19, 2025, aims to address a mismatch between Naira sales and dollar-denominated…
Court Rejects NNPC’s Bid to Strike Out Dangote’s N100 Billion Suit Over Fuel Import Licenses
A Federal High Court in Abuja has dismissed the Nigerian National Petroleum Company Limited’s (NNPC) request to strike out a N100 billion lawsuit filed by Dangote Refinery and Petrochemicals against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and seven other companies. The suit challenges the issuance of fuel import licenses to NNPC and…
Fuel Price War: Nigerians to Enjoy Further Petrol Price Reductions as NNPC, Dangote Refinery Compete
Nigerians can expect further reductions in the price of Premium Motor Spirit (PMS), commonly known as petrol, as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a price war. This development comes as both companies have recently slashed their petrol prices, sparking competition that is set to benefit consumers. On Monday,…
Dangote Crashes Petrol Price to N860 per Litre in Lagos as Naira Continues to Appreciate Against Dollar
In a significant development for Nigerian consumers, the Dangote Petroleum Refinery has announced a reduction in the price of petrol to N860 per litre in Lagos. This price drop comes amid the continued appreciation of the Naira against the US Dollar, reflecting the positive impact of President Bola Ahmed Tinubu’s economic policies. The reduction…
NNPCL Confirms Purchase of Petrol from Dangote Refinery at N898 Per Liter
In a significant update, the Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it is purchasing Premium Motor Spirit (PMS) from the Dangote Refinery at a rate of N898 per liter. This confirmation came in a statement released by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, who also addressed concerns about the pricing structure….
Dangote Refinery Refutes Claims of Selling PMS at N898 to NNPCL, Awaits Formal Pricing Announcement
The Dangote Refinery has strongly denied claims circulating that it is selling Premium Motor Spirit (PMS) to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per liter. In a press statement released on September 15, 2024, the refinery’s spokesperson, Anthony Chiejina, described the statement attributed to NNPCL’s spokesperson, Mr. Olufemi Soneye, as “misleading and…