1 week ago Depots up price to N875/litre after Dangote halts local currency petrol sale

The Nigerian downstream sector has recorded yet another quick shift following Dangote Refinery’s latest decision to temporarily halt the supply read more Depots up price to N875/litre after Dangote halts local currency petrol sale

Economics

1 week ago Price Hike Likely As Dangote Resumes Sale Of Petrol In Dollars

The price of Premium Motor Spirit (PMS) , also called petrol, has been projected to rise as Dangote reviews its sales policy. Dangote Refinery said it would now sell refined petrol in dollars until the government resumes crude-for-naira-sale arrangement. Consequently, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to sell petrol in dollars […]

Economics

1 week ago Price surge imminent as Dangote Refinery halts petrol sale in naira

• It’ll disrupt downstream supply mechanism -Marketers   By Adewale Sanyaolu and Adanna Nnamani, Abuja Petroleum products marketers have predicted a potential shake-up in the downstream sector as Dangote Refinery halts the sale of petrol in naira. The marketers, while expressing shock over the development, said there are genuine concerns over supply chain disruptions and […] The post Price surge imminent as Dangote Refinery halts petrol sale in naira appeared first on The Sun Nigeria.

Economics

1 week ago IPMAN Threatens To Sell Petrol In Dollars Over Dangote Refinery’s Stance

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to sell petrol in US dollars if Dangote Refinery begins selling its products in foreign currency. The move was in response to concerns that using dollars for transactions could lead to increased pressure on the local currency, potentially causing inflation and affecting energy security. LEADERSHIP […]

Politics

1 week ago ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira

Tribune Online ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira In a recent development, Dangote Refinery has announced a temporary halt in the sale of petroleum products in Naira, citing the need to align its sales proceeds with its crude oil purchase obligations, which are denominated in US dollars.  Tribune Online reports that In a statement, the refinery clarified that its Naira-based sales had exceeded […] ‘Keep your dollar close to your chest’: Nigerians react to Dangote Refinery stopping petrol sales in Naira Tribune Online

Politics

2 w. ago How frequent fuel price changes are disrupting our business — Oil marketers

Tribune Online How frequent fuel price changes are disrupting our business — Oil marketers He said that following Dangote refinery’s announcement of a price cut by N65 at the ex-depot level, retail prices at its filling stations dropped from N925–N930 to N860 per litre. Shortly after, NNPC also reduced its retail price, intensifying competition between the two major players. How frequent fuel price changes are disrupting our business — Oil marketers Tribune Online

Economics

3 w. ago Marketers Expect Drop In Transport Fare After Petrol Price Slash

The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN), is expecting to see reciprocity in transportation fare slash by commercial vehicles operators after the Nigerian National Petroleum Company limited (NNPC) and Dangote refinery reviewed downward ex-depot price of Premium Motor Spirit (PMS) known as petrol. The marketing association commended NNPC Retail Ltd for slashing the […]

Economics

4 w. ago NNPC Reduces Petrol Price From N920 To N860 Per Litre – IPMAN

Nigerian National Petroleum Company Limited has reduced the pump price of Premium Motor Spirit, commonly known as petrol, to N860 per litre. The new NNPCL price, which takes effect on Monday, marks a significant drop from the previous average of N920 per litre. Recall that last week, Dangote Petroleum Refinery also reduced the ex-depot price […] The post NNPC Reduces Petrol Price From N920 To N860 Per Litre – IPMAN appeared first on Information Nigeria.

Politics