Category: Oil and Gas

Dangote Refinery cuts petrol price by ₦1 as brent crude surges

Dangote Petroleum Refinery on Wednesday reduced its ex-depot price of Premium Motor Spirit, known as...

Dangote Refinery, marketers cut petrol, diesel depot prices

Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote...

Supreme Court reverses arrest of GHL crude oil cargo

The Supreme Court on Friday reversed the arrest of General Hydrocarbons Limited-linked crude oil aboard...

Why pump prices don’t follow daily crude costs — Dangote Refinery

Dangote Petroleum Refinery and Petrochemicals says its product pricing is not tied to daily swings...

Citi predicts brent crude could fall to $60/barrel by year-end

A new prediction by Citi suggesting that Brent crude prices could fall to $60 per...

Dangote blames importers as fuel prices stay above ₦1,000/litre

Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless...

IPMAN urges NNPCL to fast-track refinery deal with Chinese firms

Oil marketers under the Independent Petroleum Marketers Association of Nigeria have urged the Nigerian National...

FG orders NMDPRA to stop exploitative fuel pricing by marketers

The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority to ensure...

Petrol remains costly despite $73/barrel crude oil price — Report

The price of petrol has remained high even as crude oil prices crashed to $73...

Petrol price rose 55% to ₦1596/litre in May — NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31...

Dangote Refinery denies exporting fuel for reimportation

The management of Dangote Petroleum Refinery and Petrochemicals has noted with concern the circulation of...

NUPRC, defence ministry partner on oil infrastructure security

The Nigerian Upstream Petroleum Regulatory Commission has called for deeper collaboration with the Federal Ministry...