10 h. ago Petrol war unsettles downstream market as NNPC drops price to N880/litre

By Adewale Sanyaolu A price war is currently disrupting Nigeria’s downstream fuel market, as intense competition among petrol retailers drives aggressive price cuts, creating instability across the sector. The disruption, which started with a price reduction announcement by the Dangote Petroleum Refinery last week, from N920 per litre to N890 among its partners, which included […] The post Petrol war unsettles downstream market as NNPC drops price to N880/litre appeared first on The Sun Nigeria.

Politics

4 d. ago Motorists frustrated as Dangote’s partners fail to drop petrol price

By Adewale Sanyaolu Hopes of a swift drop in the retail price of petrol were dashed yesterday as Dangote’s key fuel retail partners- MRS, AP, Heyden and three others, failed to implement a renewed deal of N890 per litre petrol price. Dangote Petroleum Refinery had on Wednesday announced a fresh pact with its key partners: […] The post Motorists frustrated as Dangote’s partners fail to drop petrol price appeared first on The Sun Nigeria.

Politics

5 d. ago Dangote refinery reduces petrol pump price to N890/litre, renews deal with key partners

By Adewale Sanyaolu Dangote Petroleum Refinery yesterday announced a fresh deal with its key retail partners, reducing petrol pump retail price from N920 to N890 per litre. Daily Sun had exclusively reported on Tuesday the reversal of a fuel price cut arrangement earlier announced by Dangote Petroleum Refinery and its three key fuel retail partners […] The post Dangote refinery reduces petrol pump price to N890/litre, renews deal with key partners appeared first on The Sun Nigeria.

Economics

5 d. ago Petrol Price Drops Again As Dangote Refinery Announces N835 Per Litre

Dangote Refinery has reduced the Premium Motor Spirit ex-depot price to N835 from N865 per litre. The refinery located in Lagos State informed its customers in a statement on Wednesday morning. The development indicated a fresh decrease of N30 in Dangote Petrol price. With the latest fuel price reduction, Dangote Refinery partners, such as MRS […] The post Petrol Price Drops Again As Dangote Refinery Announces N835 Per Litre appeared first on Information Nigeria.

Politics

5 d. ago BREAKING: Again, Dangote Refinery Slashes Petrol Price To N835 Per Litre

The Dangote Petroleum Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol from N865 to N835 per litre. The price slash came after the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks. […]

Politics

6 d. ago UPDATED: Dangote refinery slashes petrol price again, now N835/litre

Fresh from implementing a ₦15 price reduction in its loading cost for Premium Motor Spirit, also known as petrol, the Dangote Refinery has again slashed its refined product prices to make them cheaper, cutting its ex-depot rate to ₦835 per litre. The new price represents a ₦30 reduction from ₦865 per litre implemented six days Read More

Politics

1 week ago JUST IN: Dangote refinery reduces petrol price to ₦865 per litre

By Chinelo Obogo Dangote Refinery has announced a reduction in the petrol price to ₦865 per litre, down from ₦15 from the previous rate of ₦880 per litre on Wednesday. The refinery said this through a notice issued on Thursday morning. Marketers had anticipated a price reduction by the refinery by the end of the […] The post JUST IN: Dangote refinery reduces petrol price to ₦865 per litre appeared first on The Sun Nigeria.

Politics

1 week ago Petrol price, oil imports to drop as FG announces continuation of naira

By Adewale Sanyaolu Hopes of a further drop in fuel price brightened yesterday as the Federal Government announced the continuation of the Naira-for-Crude policy. In a statement, the ministry of finance announced that the decision to sustain the initiative was taken after a meeting of the technical sub-committee on the crude and refined product sales […] The post Petrol price, oil imports to drop as FG announces continuation of naira-for-crude deal appeared first on The Sun Nigeria.

Politics

2 w. ago Crude price crash: Petrol can drop below N400/litre — Refiners

Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at NN350 per litre if crude prices eventually fall to $50 per Read More

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