
Nigerian National Petroleum Corporation (NNPC)







The Dangote Petroleum Refinery is nearing full production capacity and in need of crude oil and has begin discussing with the NNPCL for anew deal.

The Dangote Refinery has reportedly lost about N32.5 billion as it lowered petrol prices twice in February, leading to petroleum product marketers lamenting.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have suggested to the government to step in over the price of fuel in the country.

The National Bureau of Statistics has revealed that the federal government of Nigeria made over N55 trillion from crude oil sales from January to December.

While the naira-for-crude renegotiations are still ongoing, Dangote Refinery is not slacking and has moved ahead to source from international suppliers.

The marketers explained that the sudden price cuts from big players like the NNPCL and Dangote Petroleum Refinery is harmful to the small players in the industry.

The cost of importing Premium Motor Spirit, also known as petrol, into Nigeria has dropped amid a price war between marketers and Dangote Petroleum Refinery.

In the drive to cleaner energy, the federal government is out to ensure that every filling station has a CNG pump, and has detailed how the support will be offered.

After reducing fuel prices, Dangote has been praised by AYIFER for easing Ramadan burdens and ending NNPC's monopoly. AYIFER urged NNPCL to revive Kaduna refinery.
Nigerian National Petroleum Corporation (NNPC)
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