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Dangote refinery cuts petrol price to ₦840 ahead of marketers’ meeting

In a major development for Nigeria’s downstream oil sector, Dangote Refinery has slashed the ex-depot price of premium motor spirit, commonly known as petrol, from ₦880 to ₦840 per litre. The price reduction comes just ahead of an emergency meeting by the Independent Petroleum Marketers Association of Nigeria, scheduled for Tuesday, where a broader cut […]

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

Dangote refinery to absorb ₦1.07trn yearly in direct fuel distribution push

Dangote Petroleum Refinery has unveiled plans to distribute fuel directly to marketers nationwide, absorbing over N1.07 trillion annually in distribution costs. The company has committed N720 billion to deploy 4,000 Compressed Natural Gas-powered trucks, a move projected to save Nigerians more than N1.7 trillion each year. This was disclosed in a statement by the company […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote refinery turns to US crude imports amid rising demand

The President of the Dangote Group, Aliko Dangote, revealed that the refinery has increasingly depended on crude oil imports from the United States in recent months to maintain operations. Dangote made this disclosure on Thursday during a visit by the technical committee of the one-stop shop for the naira-for-crude initiative to the facility. He stressed that […]

Dangote Refinery's polypropylene to enter market
Business

Dangote refinery takes delivery of 4,000 CNG trucks

Dangote Refinery has received new 4,000 Compressed Natural Gas-powered trucks to kick-start its nationwide fuel distribution operations. The delivery of the trucks signals a key move in the company’s plan to launch large-scale distribution of Premium Motor Spirit and diesel nationwide, beginning August 15, 2025. The company in a statement on Sunday announced it will […]

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

Dangote refinery to begin nationwide fuel distribution in August 

Dangote Petroleum Refinery has announced plans to commence the nationwide distribution of Premium Motor Spirit and diesel starting August 15, 2025. This marks a major milestone in transforming Nigeria’s downstream petroleum sector. To support the initiative, the company has deployed 4,000 brand-new Compressed Natural Gas-powered tankers. Additionally, Dangote Refinery will provide free logistics support to […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery cuts petrol prices nationwide

Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The new prices are set at N875 per litre in Lagos and N905 per litre in other parts of the country. This price adjustment reflects a N15 reduction per litre in Lagos. The update was announced on Thursday via the Dangote […]

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

Petrol prices dropped due to naira-for-crude deal – Dangote refinery

Dangote Petroleum Refinery has stated that its naira-for-crude oil arrangement has enabled it to lower the price of petrol, resulting in reduced pump prices for consumers. The company in a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, on Monday, affirmed its commitment to keeping petrol prices affordable and stable, despite […]

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

Dangote refinery slashes petrol price to ₦825 per litre

Dangote Petrochemicals Refinery has quietly reduced the ex-gantry price of Premium Motor Spirit, commonly known as petrol, to N825 per litre, undercutting its publicly stated price of N835 per litre, industry sources confirmed Monday. The price cut, implemented through a N10 per litre rebate offered to customers upon successful product loading at the refinery, allows […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
featured News

Dangote defends refinery, insists it can meet Nigeria’s fuel needs

The Dangote Petroleum Refinery has pushed back against recent claims by oil marketers that it cannot meet Nigeria’s fuel demands, insisting the facility is producing well above the country’s consumption needs and is also exporting products to other markets. The defence comes after the Depot and Petroleum Products Marketers Association of Nigeria alleged that the […]

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

Dangote refinery denies reports of petrol processing unit shutdown

Dangote Petroleum Refinery, located in Lekki, Lagos State, has dismissed reports suggesting a shutdown of its petrol processing unit for maintenance. The clarification follows a Bloomberg story claiming that the refinery’s gasoline-making unit was undergoing repairs, necessitating a temporary halt in operations. A senior spokesperson for the company, categorically denied the claims, stating, “Loading of […]

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