The Nigerian National Petroleum Company Limited (NNPCL) has given major petroleum marketers the green light to start lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery. This decision aligns with the existing agreement between NNPCL and the refinery. Under the original agreement, NNPCL was designated as the exclusive distributor of … Read more
The Arewa Consultative Forum (ACF) commends President Bola Tinubu for directing NNPC to sell crude oil to local refiners in naira, urging affordable petroleum prices in return. EKO HOT BLOG reports that the Arewa Consultative Forum (ACF) has praised President Bola Tinubu for directing the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil to … Read more
Operators in the downstream oil sector urge the Federal Government to ensure crude oil supply to the Dangote refinery, criticizing high prices and lack of collaboration as reasons for preferring imported fuels. Eko Hot Blog reports that operators in the downstream oil sector have urged the Federal Government to ensure the provision of crude oil to the … Read more
Dangote Petroleum Refinery has raised diesel prices from ₦940 to ₦1,100 per litre due to the Nigerian naira’s depreciation. The price adjustment reflects the refinery’s responsive pricing strategy in line with market dynamics and follows earlier reductions. The increase is attributed to the adverse effects of the naira’s instability against the US dollar, as stated … Read more
Oil Marketers Eye N500/Litre Petrol Price As Port Harcourt Refinery Gears Up. Dealers confirm nearing readiness of PHRC, anticipate reduction in petrol price. NNPC’s Mele Kyari reveals plans for refinery operations, aiming to alleviate petroleum supply challenges. EKO HOT BLOG reports that as the Port Harcourt Refining Company (PHRC) gears up for production under the directives … Read more
Dangote Petroleum Refinery to initiate diesel sales to marketers today Minimum quota set at one million liters of Automotive Gas Oil (AGO) per marketer Refinery’s move expected to impact diesel market dynamics EKO HOT BLOG reports that the Dangote Petroleum Refinery is reportedly poised to begin the sale of diesel to marketers starting today, Tuesday, April … Read more