One million Fine For Defaulters Fuel Marketers and NUPENG Declare Strike Indefinite Strike by Petroleum Unions Motorists in Delta State may soon face a fresh fuel shortage as members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) have announced an indefinite strike. The … Read more
Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
NNPCL reduces petrol price to ₦965 in Abuja. Independent marketers maintain higher prices, ranging from ₦1,030 to ₦1,070. Port Harcourt Refinery operates fully, ensuring domestic fuel supply, says NNPCL. The Nigerian National Petroleum Company Limited (NNPCL) has slashed the retail price of premium motor spirit (PMS), commonly known as petrol, to ₦965 per litre in … Read more
The Port Harcourt Refinery has halted operations less than a month after it seemingly resumed production. On Thursday, December 19, 2024, it was observed that the facility had ceased lifting Premium Motor Spirit (PMS), leaving its previously bustling loading bay deserted. This development comes after initial fanfare surrounding the refinery’s reopening following a $1.5 billion … Read more
The Dangote Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association (PETROAN) are in ongoing discussions to finalise the details for lifting petroleum products from the refinery. EKO HOT BLOG reports that on Monday, Dr. Billy Gillis-Harry, the National President of PETROAN, led the association in negotiations with Dangote Refinery in Lagos. The talks … Read more
The Petroleum Products Retail Outlets Owners Association (PETROAN) has reached an agreement with the Dangote Refinery to lift petroleum products directly, ensuring seamless distribution across depots and retail outlets during the yuletide season. This development was confirmed in a statement by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, on Saturday. EDITOR’S PICKS PDP Declares … Read more
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its commitment to re-stream the Port Harcourt Refining Company (PHRC), marking the start of crude oil processing and the distribution of petroleum products to the market. This milestone was announced in a statement on Tuesday by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye. … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that its members can now purchase petrol directly from Dangote Refinery at rates of N990 per liter for loading at depots and N940 per liter when transported by vessel. This landmark agreement, aimed at providing a steady and potentially cheaper fuel supply across Nigeria, signals … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a partnership with Dangote Refinery for the direct supply of fuel products, aiming to secure a stable and affordable distribution of Premium Motor Spirit (PMS) nationwide. IPMAN’s National President, Abubakar Garima, confirmed this development on Monday during a press briefing in Abuja following a meeting … Read more
Oil marketers disclosed on Friday that the Dangote Petroleum Refinery’s price for Premium Motor Spirit (PMS), commonly known as petrol, is between N1,015 and N1,028 per liter, depending on purchase volume. In response, marketers announced plans to import petrol and sell it at a lower price than both the Dangote Refinery and the Nigerian National … Read more
Aliko Dangote, President of Dangote Refinery, has assured that fuel queues across Nigeria will disappear once oil marketers start sourcing fuel from his refinery. Speaking to State House Correspondents after a meeting with President Bola Ahmed Tinubu, Dangote stated that his refinery holds the solution to the country’s persistent fuel queues. He urged the Nigerian … Read more
Approximately 42.3 million litres of imported Premium Motor Spirit (PMS), or petrol, are expected to arrive in Nigeria next week, oil marketers announced on Friday, emphasizing the ongoing need for imports due to insufficient domestic production. Industry dealers noted that while local refining efforts from modular refineries and the Dangote Petroleum Refinery are underway, they … Read more
The Nigerian National Petroleum Company Limited (NNPC) has agreed to sell Premium Motor Spirit (PMS), commonly known as petrol, to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at a rate of N995 per litre. This follows the intervention of the Department of State Services (DSS) in resolving the conflict between both parties. EDITOR’S PICKS … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the full deregulation of petrol pricing and the withdrawal of NNPC Limited as the sole off-taker from the Dangote Refinery grant marketers the freedom to source petrol from various suppliers, including imports. This statement follows NNPC’s recent increase of petrol prices by 15%, bringing … Read more
The price of Premium Motor Spirit (PMS), commonly known as petrol, has decreased in Abia State. The price, which previously ranged between ₦1300.00 and ₦1350.00, has now dropped to between ₦1150.00 and ₦1200.00. This price reduction follows the Nigeria National Petroleum Corporation (NNPC)’s decision to open its portal for direct fuel requests and payments by … Read more
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
Over 300 trucks owned by the Nigerian National Petroleum Company Limited (NNPCL) have arrived at the Dangote Refinery in preparation for the scheduled loading of petrol, set to commence on Sunday, September 15, 2024. EKO HOT BLOG reports that the confirmation came from NNPC’s spokesperson, Olufemi Soneye, via a video posted on his X (formerly Twitter) … Read more
Oil marketers have yet to begin loading Premium Motor Spirit (PMS), commonly known as petrol, despite the Federal Government’s assurance of availability this weekend. Investigations revealed that while PMS vessels have arrived at the Nigerian National Petroleum Corporation (NNPC) depots in Apapa and Port Harcourt, independent marketers are yet to start loading. EDITOR’S PICKS I’ll Support … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has reportedly suspended the sale of Premium Motor Spirit (PMS), commonly known as petrol, to independent marketers following a price hike to N855 per litre at its retail outlets nationwide. This decision, made on Tuesday, has exacerbated fuel scarcity, leading to widespread protests and long queues at petrol … Read more
The Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to collaborate with private sector firms for the management and maintenance of its Kaduna and Warri refineries. This strategic move is designed to bolster the country’s petrol supply and enhance energy security. EKO HOT BLOG reports that the announcement was made via a circular posted … Read more