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Tag: Dangote Refinery

Dangote Refinery loses N32.5bn after petrol price cut
featured

Dangote refinery receives fresh crude supply from NNPCL

The Federal Government has increased crude oil supply to the Dangote Petroleum Refinery to boost local refining. This comes as the refinery reduces its loading gantry price from N825 to N815 per litre. Experts highlight that crude oil supply to the Dangote Refinery is key to boosting local refining and increasing domestic production capacity. An […]

Dangote Refinery loses N32.5bn after petrol price cut
Energy

Dangote refinery cuts petrol price to N815/litre, toughens market competition

Dangote Petroleum Refinery reduced its petrol loading price from N825 to N815 per litre on Thursday, intensifying competition in the downstream oil sector. The price cut attracted oil marketers, who began bypassing private depot owners to source directly from the refinery. This N10 reduction is expected to trigger a competitive response from private fuel depots, […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote refinery secures 1m barrels of Algerian crude

Dangote Refinery has reportedly acquired its first cargo of Algeria’s light sweet Saharan Blend crude, according to Argus Media. Dangote Refinery reportedly purchased a 1 million-barrel cargo of Algeria’s Saharan Blend crude from Glencore, with delivery expected between March 15-20, according to Argus Media. The deal has not been directly confirmed by either party, and […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote to refund marketers after fuel price cut

Dangote Petroleum Refinery & Petrochemicals has pledged to refund customers who purchase Premium Motor Spirit at prices higher than its advertised rates from its authorized partners—Ardova Plc, Heyden, or MRS—across Nigeria. This decision comes after the refinery recently lowered its gantry price from N890 to N825 per litre. The company said it is part of […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote cuts petrol loading price to N860/litre

Dangote Petroleum Refinery announced a N65 reduction in the ex-depot price of Premium Motor Spirit, lowering it from N890 to N825 per litre. The new price takes effect on Thursday, February 27, 2025, according to a statement from the refinery. According to Dangote, this adjustment is designed to provide essential relief to Nigerians ahead of […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote Refinery cuts diesel price to ₦1,020 for marketers

Dangote Petroleum Refinery & Petrochemicals has reduced the gantry price of its diesel product by ₦55, bringing it down from ₦1,075 to ₦1,020 per litre. In a statement signed by the Head of Media Relations at Dangote Industries, Esan Sunday, the company said the price cut aims to ease costs for manufacturers and other consumers. […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote refinery to reach full capacity in 30 days – Mgt

The Dangote Petroleum Refinery, Africa’s largest, is poised to reach its full operational capacity of 650,000 barrels per day within the next 30 days. This was disclosed by the the Head of the Refinery, Edwin Devakumar, on Monday, according to Reuters. Devakumar stated that the Dangote Refinery, built by Aliko Dangote in Lagos, began processing […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote Refinery slashes petrol loading cost to N890 per litre

The Dangote Petroleum Refinery has announced a reduction in the cost of loading Premium Motor Spirit, commonly known as petrol, from N950 to N890 per litre. The new price takes effect from Saturday, February 1, 2025. In a statement issued late on Saturday and signed by the Group Chief Branding and Communications Officer, Anthony Chiejina, […]

Dangote Refinery loses N32.5bn after petrol price cut
featured

Fuel price hits N955 at Dangote refinery

In response to the ongoing surge in Brent crude oil prices, the Dangote Petroleum Refinery has announced an increase in the price of Premium Motor Spirit, or petrol, for its customers. The refinery revealed in a statement that the new price for its refined products will be N955 per litre at the loading gantry, reflecting […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote refinery targets 650,000bpd by June

The Dangote Petroleum Refinery is looking to import additional crude oil due to insufficient supply from the Nigerian National Petroleum Company Limited for fuel production at its $20 billion Lekki facility. Officials at the refinery reported that production has increased to 500,000 barrels per day and aims to reach 650,000 bpd by June this year. […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote Refinery retains 13% of Nigeria’s oil exports – Report

The Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports for domestic supply in 2024, according to a new Reuters report. The report indicates that this increased Nigeria’s domestic share of oil exports from 10% in 2023 and slightly reduced the country’s exports to Europe. Despite being a major crude exporter, Nigeria […]

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