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Tag: Dangote Refinery

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 […]

Dangote Refinery's polypropylene to enter market
News

Dangote, Heyden, Ardova ink deal for affordable petrol supply

Dangote Petroleum Refinery announced that Heyden Petroleum and Ardova Plc have partnered to ensure the supply of affordable Premium Motor Spirit in Nigeria. In a statement on Thursday, the Dangote refinery revealed that Heyden Petroleum and Ardova Plc, driven by the economic relief from President Bola Tinubu’s crude-for-naira swap initiative, have entered into a bulk […]

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

Dangote refinery’s fuel price slash offers timely relief – NLC

The Nigeria Labour Congress, Lagos Council, has praised Dangote Refinery for its recent fuel price reduction, calling it a timely economic relief for Nigerians. NLC State Chairman Funmi Sessi, in a statement on Wednesday, emphasized that the move came at the right moment. Sessi expressed hope that the fuel price reduction would alleviate transportation costs, […]

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

Dangote, MRS partner to sell petrol at ₦935 nationwide

Dangote Refinery has partnered with MRS Oil and Gas to offer petrol at ₦935 per litre through MRS retail outlets nationwide. This initiative follows a reduction in the ex-depot price from ₦970 to ₦899.50 per litre, aiming to alleviate transportation costs during the festive season. The refinery made this disclosure in a statement via its […]

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

Dangote refinery exports petrol to Cameroon, Angola, others

Dangote Refinery has shipped Premium Motor Spirit to Cameroon, Angola, Ghana, and South Africa in the past few weeks. This was disclosed by the Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, while hosting a delegation from the Japanese Business Community in Nigeria, led by Suzuki Hideo, Japan’s Ambassador-designate to Nigeria. In […]

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

Dangote refinery begins petrol exports to Cameroon

The Dangote Petroleum Refinery and Neptune Oil have announced their first export of Premium Motor Spirit to Cameroon, marking a key milestone in regional energy integration and cooperation. In a statement to on Wednesday, the companies described the shipment as a strategic collaboration to strengthen economic ties between Nigeria and Cameroon while addressing the growing […]

Dangote Refinery's polypropylene to enter market
News

Dangote Refinery cuts petrol price to N970/litre for marketers

The Dangote Group has reduced the price of its Premium Motor Spirit to N970 per litre, down from N990 per litre. According to the Group’s Chief Branding and Communications Officer, Anthony Chiejina, this offers marketers a N20 discount per litre. Chiejina further emphasized that despite the price reduction to N970 per litre, the quality of […]

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

Dangote refinery exports jet fuel to UK, Iceland, others

The Dangote Refinery has achieved a milestone by exporting jet fuel to international destinations, including airports in Iceland, Tenerife, and London. According to SP Global Commodity Insights, the refinery’s Nigerian-produced aviation fuel has reached key locations like Heathrow Airport, reflecting its growing production capacity. The report also noted that between January and October this year, […]