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 MARCH 16TH (NEWSRANGERS)-Niger Republic has turned to Nigeria for help after being hit by fuel shortage. The West African country reached out to Nigeria despite months of diplomatic tensions and hostile rhetoric. Sunday PUNCH learnt that a delegation of senior officials of the military junta travelled down to Abuja to meet Federal Government representatives….
LAGOS MARCH 16TH 9NEWSRANGERS)-The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loading cost of its petrol from N825 per litre to N815 per litre. It was gathered that the new pricing structure introduced on Thursday was…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-MRS Oil Nigeria Plc has announced a reduction in the prices of Premium Motor Spirit (PMS), popularly known as petrol across in the country. Announcing the reduction on its official X handle on Monday, the company said petrol will now be sold at ₦925 per litre in Lagos, reflecting a drop from…
LAGOS FEBRUARY 4TH (NEWSRANGERS)-The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says its members are now loading petroleum products from the Port Harcourt and Warri refineries. In a statement on Saturday, Joseph Obele, PETROAN’s spokesman, said the loading has doused previous doubts that the refineries owned by the Nigerian National Petroleum Company Limited…
LAGOS OCTOBER 23RD (NEWSRANGERS)-President Bola Tinubu has told Nigerian motorists to either buy petrol at N1000 or the compressed Natural Gas (CNG) at N200. The President said this during a meeting with the company’s executive on Tuesday at the State House, Abuja. He also praised NIPCO’s contributions to the nation’s energy transition efforts, particularly its…
LAGOS OCTOBER 16TH (NEWSRANGERS)-The House of Representatives has waded into the increase in the pump price of petroleum products. Moved by the Deputy Minority Leader, Aliyu Madaki and sponsored by 111 members of the house, the house called for the immediate reversal of the price increase in petrol and cooking gas. The lawmakers said they…
LAGOS SEPTEMBER 24TH (NEWSRANGERS)-Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across…