Nigeria oil sector

Port Harcourt Refinery Fully Operational, NNPCL Dismisses Shutdown Claims

Dec 21, 2024.Dec 21, 2024. by Praise Ben

NNPCL confirms Port Harcourt Refinery is fully operational and functional. Media reports of refinery shutdown are false, says NNPCL spokesperson. Fuel loading operations continue as planned despite circulating shutdown rumors. The Nigerian National Petroleum Company Limited (NNPCL) has refuted media reports suggesting the shutdown of the Port Harcourt Refinery, affirming that the facility remains fully … Read more

Landing Cost: IPMAN Pushes For Petrol Price Reduction

Dec 15, 2024. by Praise Ben

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called for a reduction in petrol prices, urging the Dangote Refinery to lower its ex-depot price from ₦970 per litre in light of a reduced estimated landing cost of ₦900.28 per litre. This plea comes amidst the Federal Government’s crude-for-naira initiative, which began in October 2023. … Read more

Fuel Price Drop as Dangote Refinery, IPMAN Seal Deal for 60m Litres of Fuel Weekly

Nov 18, 2024. by Ekohot Editor

The Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have finalized an agreement for the weekly supply of 60 million litres of Premium Motor Spirit (PMS). This deal coincides with a marginal reduction in fuel prices at IPMAN member filling stations nationwide, according to the association’s spokesperson, Chinedu Ukadike, who provided an … Read more