By Seun Ibiyemi Dangote Petroleum Refinery & Petrochemicals has announced that its price for Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged despite growing concerns over potential volatility in Nigeria’s downstream oil market. A source within the company confirmed that the refinery’s pricing structure is still intact, with the gantry price maintained at…
…as Dangote Refinery reshapes oil trade By Seun Ibiyemi Nigeria’s crude oil exports declined by 14.41 per cent to $31.54bn in 2025, down from $36.85bn recorded in 2024, as the operations of the Dangote Petroleum Refinery significantly altered the country’s oil trade dynamics. This was revealed in the Balance of Payments report released by the…
By Seun Ibiyemi Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), marking its first downward price adjustment after a series of sharp increases recorded in recent days. According to the refinery’s latest pricing template released on March 10, 2026, the gantry price of petrol has…
… PETROAN tasks NNPC on domestic refining to curb global shocks … Domestic refining won’t significantly lower petrol prices – CPPE By Seun Ibiyemi The Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals (DPRP), David Bird, has assured Nigerians that the refinery will continue to meet the country’s fuel demand despite the volatility in…
…Surges above $100 as Middle East conflict escalates … Fuel price changes driven by market forces – NMDPRA By Seun Ibiyemi Fresh concerns over a possible increase in petrol prices have emerged in Nigeria’s downstream petroleum sector following the suspension of loading operations at the Dangote Petroleum Refinery. The refinery has halted the loading of…
By Seun Ibiyemi The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led a high-powered management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for talks aimed at strengthening collaboration between both energy giants. The visit, which featured a guided tour of the facility, culminated in a…
Dangote Group has signed a $400 million agreement with China’s XCMG Construction Machinery Co., Ltd. to acquire advanced construction equipment, as it ramps up expansion of its petroleum refinery and wider industrial operations. The deal will support the expansion of the Dangote Petroleum Refinery and Petrochemicals from its current 650,000 barrels per day to 1.4…
