The landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria has declined to ₦900.28 per litre as of Thursday, a drop of ₦36 or 3.62% from the previous week’s cost of ₦936.75 per litre. Data from the Major Energies Marketers Association of Nigeria (MEMAN) further revealed earlier dips this week, reaching … Read more
On Sunday, the management of Dangote Refinery disclosed the price at which it sells petrol per litre to marketers. According to the refinery, petrol is sold to trucks at ₦990 per litre, while sales to ships are priced at ₦960 per litre. In a statement signed by Group Chief Branding and Communications Officer Anthony Chiejina, … Read more
The NNPCL confirms that once the Dangote Refinery starts producing refined petroleum products in late July or early August, it will reduce its imports of petrol. The NNPCL, currently the sole importer of petrol in Nigeria, plans to buy from the Dangote Refinery as they co-own 20% of the facility and want to support their … Read more