LAGOS JULY 2ND (NEWSRNAGERS)-Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (PMS) to ₦840 per litre, representing a ₦40 drop from its previous rate of ₦880. The price cut comes amid concerns over rising pump prices and ahead of a planned nationwide distribution rollout scheduled for August 15. The announcement was…
LAGOS MAY 12TH (NEWSRANGERS)-The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed on Monday that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after…
LAGOS APRIL 11TH (NEWSRANGERS)-Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official at the refinery confirmed the price reduction from ₦880 to ₦867 per litre to Channels…
LAGOS MARCH 12TH (NEWSRANGERS)-The landing cost of premium motor spirit dropped to N774.82 per litre, cheaper than the ex-depot price of Dangote Refinery’s fuel, which stood at N825 per litre. This is according to the latest competency centre daily energy data released by the Major Energies Marketers Association of Nigeria on Tuesday. Data from MEMAN…
LAGOS DECEMBER 20TH (NEWSRANGERS)-Despite the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) by Dangote Petroleum Refinery to ₦899.50 per litre, motorists and consumers are yet to experience any relief, as pump prices remain unchanged across major petrol stations in Lagos and other parts of the country. According to Vanguard, petrol stations…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)- The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set…
LAGOS SEPTEMBER 3RD (NEWSRANGERS)- I have read a series of articles attacking the Federal Government for not telling the truth about fuel subsidy payments, following NNPC Limited’s admittance it was owing suppliers some $6 billion. Some of the stories have been written with relish, as the authors believed they have uncovered some scoops. The truth…
LAGOS JULY 19TH (NEWSRNAGERS)-Farouk Ahmed, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has cautioned Nigerians against over-dependence on products from the Dangote refinery. Ahmed highlighted concerns over the consistency and standardisation of the refinery’s output, stating that the quality of its products was inferior compared to the imported quality…