Ogun State, Nigeria, World News & Stories
6 posts.
Petroleum marketers in Nigeria may soon stop importing petrol after the Dangote Petroleum Refinery cut its ex-depot price by ₦49 per litre last Friday. This price reduction has changed the competition in the fuel market, with major and independent marketers admitting that Dangote’s new pricing makes importing petrol less profitable. The refinery now sells petrol…
Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit (PMS) from ₦990 to ₦970 per litre for marketers. The announcement was announced in a statement released by Anthony Chiejina, Group Chief Branding and Communications Officer. The statement read: “As the year comes to an end, this is our way of appreciating the good…
The Nigerian National Petroleum Company Limited (NNPCL) has issued a statement firmly stating that there are no immediate plans to raise the prices of Premium Motor Spirit (commonly known as petrol) in the country. Amidst recent speculation and concerns about possible price increases, the management of NNPCL sought to reassure the public regarding the cost…
With PMS(Petrol) consumption at 99%, FX challenges may continue Dangote Refinery and other modular refineries in Nigeria are changing their production focus away from premium motor spirit (PMS) due to the reintroduction of fuel subsidies in President Bola Tinubu’s administration, The Guardian has reported. Dangote Refinery, a major player in the industry, is gearing up…
The Public-Private Partnership policy of the Ogun State Government is yielding fruit, as an oil and gas company, Petrolex Oil and Gas Limited, is set to begin operation in the State in the next five weeks. Speaking with newsmen in Abeokuta after a meeting with the State Governor, Prince Dapo Abiodun, the Chairman and Chief…
Difficult times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry, which in effect may jerk the pump price of petrol to N385 per litre. The masses will face more challenging…
