Three cargoes of Dangote Petroleum Refinery’s jet fuel, amounting to approximately 130 million litres, are set for export to Saudi Arabia.

FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...

Justice Inyang Ekwo of the Federal High Court in Abuja has struck out the preliminary objection of the Nigerian National Petroleum Company Limited (NNPCL), challenging the competence of the ₦100 billion import license suit instituted by Dangote Petroleum Refinery and Petrochemicals.

The Major Energies Marketers Association of Nigeria (MEMAN) says the landing cost of imported premium motor spirit (PMS) dropped to N797.66 per litre on Monday.

Dangote Petroleum Refinery & Petrochemicals has said it would absorb N16bn loss by refunding N65/litre to marketers so Nigerians will benefit from cheaper fuel.

This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude