Tag: Dangote Refinery
Dangote Refinery Delays Petrol Production Start to Mid-July
Lagos, Nigeria — June 10, 2024 — The commencement of petrol production at the $20 billion Dangote Refinery in Lagos has been postponed from June to mid-July, according to Aliko Dangote, the President and CEO of Dangote Group. During a meeting with journalists on Monday, Dangote confirmed the shift in the production timeline, attributing it…
Nigerian Petroleum Marketers Register with Dangote Refinery Ahead of June Petrol Launch
Lagos, June 10, 2024 — As Nigerians eagerly anticipate the availability of petrol from the Dangote Petrochemical Refinery this month, petroleum marketers have begun the registration process with the company in preparation for loading the product. The marketers are signing up as independent business proprietors to request direct fuel supply from the oil refinery, signaling…
Dangote Refinery Targets 500,000 Barrels Daily Production by July, Eyes Stock Market Listing by December
LAGOS, Nigeria — The Dangote Oil Refinery is gearing up to reach a production capacity of 500,000 barrels per day by July, marking a significant milestone for the $20 billion facility. The refinery, which is set to become one of the largest in the world, aims to list on the Nigerian Stock Exchange by December…
Dangote Refinery Slashes Diesel and Aviation Fuel Prices Amid Economic Pressures
In a move aimed at providing relief to consumers, Dangote Petroleum Refinery has once again reduced the prices of diesel and aviation fuel, following its recent price drop just two weeks ago. Effective immediately, the price of diesel has been lowered to N940 per litre, while aviation fuel will now be sold at N980 per…
Diesel Prices Expected to Drop to N700/litre Following Dangote’s Move
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is eyeing a potential reduction in diesel prices to N700 per litre in the wake of Dangote refinery’s recent price adjustment. Hammed Fashola, the National Vice President of IPMAN, expressed optimism regarding the anticipated decrease in diesel prices, attributing it to the impact of Dangote refinery’s actions….
Alleged Involvement of Soldiers in Theft at Dangote Refinery Sparks Concern
The Nigerian Army (NA) has expressed grave concern over the reported involvement of two of its personnel in an alleged theft incident at the Dangote Refinery located in Lagos. The incident, which was thwarted by the timely intervention of vigilant troops and private security operatives stationed at the refinery, has been described as unacceptable and…
Dangote Refinery Slashes Diesel Price to 1,000 Naira Per Litre
In a bid to alleviate the financial burden on consumers and contribute to economic stability, Dangote Petroleum Refinery has announced a further reduction in the price of diesel from 1,200 to 1,000 naira per litre. This latest price adjustment comes after the refinery previously rolled out diesel at a reduced price of 1,200 naira per…
Nigeria Implements New Regulations to Boost Domestic Refining Capacity In a bid to enhance its domestic refining capacity and reduce dependence on imported refined products, Nigeria has introduced new regulations mandating local oil producers to prioritize supplying crude oil to domestic refineries. The regulations, initiated by the Nigerian Upstream Regulatory Commission, require all oil companies…
Dangote Predicts Decreasing Fuel Prices from Refinery to Aid in Inflation Reduction
In a recent statement, Alhaji Aliko Dangote, Chairman of the Dangote Group, highlighted the potential impact of decreasing fuel prices sourced from the Dangote Petroleum Refinery on Nigeria’s inflation rate. He emphasized that once the refinery becomes fully operational and begins offering diesel at significantly reduced prices, it will play a crucial role in alleviating…
Oil Marketers Propose N550 per Litre for PMS as Dangote Refinery Prepares to Reduce Prices
Introduction:Exciting developments are on the horizon for Nigeria as oil marketers anticipate a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol. Discussions between oil marketers and Dangote Refinery have progressed positively, with a proposed price of N550 per litre of petrol on the table. Details of the Proposal:According to Alhaji…