Tag: Dangote Refinery
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…
Dangote Petroleum Refinery Initiates Diesel Sales, Anticipates Petrol Supply in May
In a move that has led to a drop in diesel prices across the country, Dangote Petroleum Refinery has commenced the sale of diesel at N1,225 per litre. The refinery’s decision to supply diesel to retailers has already resulted in a notable reduction in prices, offering relief to consumers who have been grappling with high…