Naira-for-Crude: Marketers Fear Price Increase as FG Suspends Sale to Dangote Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol. The retailers are storing the product to ensure...

Nigeria’s petrol imports surged in 2024, doubling despite an increase in domestic refining capacity, highlighting the country’s continued reliance on imported fuel.

Fuel Import Bill Explodes to N6trn in Five Months   Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in five months. But...

The Dangote Petroleum Refinery has enough Premium Motor Spirit, otherwise known as petrol, in storage to sufficiently meet the local needs of Nigeria.

Dangote Raises Petrol Price for Bulk Buyers to N955 per Litre Due to the sustained upward trend in the price of Brent crude, the global oil benchmark, Dangote Petroleum Refinery has notified its customers of a price increase for Premium Motor Spirit, commonly referred to...

Higher Pump Price Looms as Petrol Loading Cost Hits N950/litre The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. It was gathered that marketers raised petrol and diesel prices at depots by N43 or 4.74 per...