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

Dangote refinery slashes petrol ex-depot price to N820/litre

Dangote Refinery has cut the ex-depot price of petrol from N850 to N820 per litre, effective 12 August 2025. The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, announced the N30 reduction in a statement on Tuesday night. “Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit […]

Business

Dangote refinery to receive 60 CNG trucks in six weeks

A total of 60 additional Compressed Natural Gas trucks are scheduled for delivery to the Dangote Petroleum Refinery & Petrochemicals within the next six weeks. Group Chief of Branding and Communication at Dangote Industries Limited, Anthony Chiejina, disclosed this in a Sunday statement while providing updates on product delivery trucks ordered to fast-track PMS distribution […]

Business

Ex-Oman refinery head joins Dangote as petrochemical CEO

Nigeria’s Dangote Group has named David Bird, former CEO of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division, effective July 2025. The appointment, reported by S&P Global, comes as the company works to resolve operational hurdles and accelerate expansion following the launch of its 650,000 barrels-per-day Lagos refinery — […]

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

Dangote Refinery to hit 700,000bpd capacity by December — Report

The Dangote Petrochemical Refinery is expected to raise its nameplate capacity to 700,000 barrels per day by December 2025, marking a significant boost to Nigeria’s domestic refining capabilities, according to a new report by Argus Media. The projected increase of 50,000 barrels per day from its current 650,000bpd capacity is attributed to ongoing operational optimisation […]

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

Dangote refinery to reinstate ₦5 fuel discount scheme for partners

Dangote Petroleum Refinery has announced plans to reinstate its suspended ₦5-per-litre fuel discount scheme for strategic partners, following a temporary halt caused by reported violations by some participating marketers. It was earlier reported that the refinery uncovered a new scheme involving some affiliate marketers and strategic partners allegedly diverting subsidised refined petroleum products for profit. […]

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

Dangote refinery halts discounted fuel scheme over diversion scandal

Dangote Petroleum Refinery and Petrochemicals has suspended its discounted fuel supply programme following the discovery of a diversion scheme involving some affiliate marketers and strategic partners. An internal investigation revealed that certain marketers granted access to subsidised refined petroleum products were diverting them to unregistered third-party vendors. These marketers were reportedly using their Authority To […]

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

Dangote refinery to build major fuel storage hub in Namibia

The Dangote Petroleum Refinery is set to establish large-scale fuel storage facilities in Namibia, marking a major step in its strategy to expand refined product distribution across Southern Africa, according to sources familiar with the matter. Two industry sources told Reuters on Wednesday that the planned storage hub in Walvis Bay will have a minimum […]

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

Dangote refinery to run fully on local crude 2025 Q4 – Report 

Dangote Industries Ltd. aims to run its 650,000-barrel-per-day refinery entirely on Nigerian crude by the end of 2025, a shift that could significantly reduce reliance on imported oil. According to Bloomberg report, about half of the refinery’s crude supply in June, came from local producers. As their international obligations expire, these producers are expected to […]

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

Dangote refinery adds more marketers to fuel distribution network

The Dangote Petroleum Refinery has announced the addition of several oil marketing companies to its distribution network. In a statement on Tuesday, it listed TotalEnergies, Garima Petroleum, and Sunbeth Energies as new partners. Also included are Sobaz Nigeria Ltd, Virgin Forest Energy, Sixxco Oil Ltd, NU Synergy Ltd, and Soroman Nigeria Ltd. The development comes […]

News

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 […]

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