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...
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...
Port Harcourt Refinery Back in Operation, Commences Petrol Loading
After one week of inactivity, the Port Harcourt Refining Company has resumed the trucking out of Premium Motor Spirit otherwise called petrol.
Recall that the refinery abruptly stopped the loading of petrol a fortnight ago as no reason was...
