PIA Allows Dangote’s Dollar Fuel Sales – Regulator   The regulator of the midstream and downstream petroleum sector has said that the Dangote Petroleum Refinery has not violated any provision of the Petroleum Industry Act by opting to sell fuel in dollars instead of naira. Multiple senior...

Independent petroleum marketers and energy experts have rejected the Dangote Petroleum Refinery’s decision to sell fuel in US dollars, warning that it could worsen Nigeria’s foreign exchange pressures and destabilise the downstream sector.

The Dangote Petroleum Refinery has shifted to dollar-denominated transactions, fixing the ex-depot price of petrol at $0.779 per litre and unveiling new benchmarks for diesel and aviation fuel.

Dangote Refinery Got 22% of June Crude From Foreign Sources   The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company Limited (NNPCL) and other indigenous producers between May and June 2026. Data from the refinery’s official...

Dangote Cuts Petrol Price by Another N50   The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50, or 4.4 per cent, reduction from the previous...

Dangote, Importers Clash as Petrol Stays Above N1,000   Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery. As crude prices crashed to about $70 per barrel following the...