Dangote Petroleum Refinery has reaffirmed its capacity to supply massive volumes of petroleum products, including Premium Motor Spirit (PMS), also known as petrol, Automotive Gas Oil (diesel) and aviation fuel, effectively positioning itself to meet and exceed Nigeria’s total domestic demand. In an update shared on Thursday, January 29, the 650,000-barrel-per-day refinery said it can …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reassured its commitment to transparency and adoption of merit-based procedures for the emergence of winners of oil and gas blocks in the ongoing 2025 licensing bid round. This was part of the message from the Commission during the 2025 Licensing Round Pre-Bid Webinar held on Wednesday, January …
Shipping data shows that Indian diesel exports to West Africa have reached a record high, driven by the European Union’s new restrictions on fuel refined from Russian crude oil. At the same time, Turkey’s diesel exports to the EU have slowed, reshaping intercontinental oil flows and forcing refiners to seek new markets. The European Union …
Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), also known as petrol, to ₦799 from ₦699, reflecting a ₦100 increase. Also, the refinery’s distribution partners, such as MRS retail outlets, are now selling at ₦839 per litre, a ₦100 increase from ₦739 previously. This was announced in …
The Nigerian National Petroleum Company Limited (NNPCL) has said its collaboration with Chevron Nigeria Limited (CNL), through a joint venture (JV) agreement, is targeted at ramping up oil production to 146,000 barrels per day (bpd) to boost national revenue, energy security and create jobs. The national oil firm stated this while congratulating Chevron Nigeria on …
Nigeria's Liquefied Petroleum Gas (LPG) sector recorded a historic shift in 2025. For the first time, domestic suppliers provided the vast majority of the country's LPG, also known as cooking gas, with imports falling to less than 20 per cent of the total supply. Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority …
The indigenous energy firm says plans are underway to supply processed gas to NLNG Seplat Energy PLC, a Nigerian independent energy company, says it has achieved first gas at its 300 million Standard Cubic Feet per day (MMscfd) ANOH gas plant located in the Niger Delta. In a statement released on Tuesday, January …
Between late 2025 and early 2026, the Nigerian petrol market has begun to gradually feel what seems like the effect of deregulation, with the rising competition among marketers triggered by the entry of Dangote Refinery. The 650,000 barrels per day refinery, which began operations in 2024, has significantly ramped up production, challenging the long-standing import-based …
Nigeria’s oil production (including crude oil and condensate) dropped to 1.544 million barrels per day (bpd) in December from 1.599 million bpd in November. This reflects a 3.44 per cent decline on a month-on-month basis. This was revealed in the latest Crude Oil and Condensate data 2025 released by the Nigerian Upstream Petroleum Regulatory Commission …
The average daily consumption of Premium Motor Spirit (PMS), also known as petrol, rose by 20.42 per cent month-on-month from 52.9 million litres per day in November to 63.7 million litres per day in December 2025. On a year-on-year basis, it reflected a 21.8 per cent surge from 52.3 million litres per day recorded in …
