Dangote Petroleum Refinery has reduced the ex-depot price of its aviation fuel, also known as Jet A1, to ₦1,650, down from ₦1,750 per litre, giving relief to airlines, passengers and Nigeria’s aviation sector generally. Other packages offered by the refinery include a 30-day interest-free credit facility for marketers and airline operators, backed by bank guarantees, and a shift …
Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian government, seeking to nullify recent fuel import licences issued to the Nigerian National Petroleum Company (NNPC) and other marketers. The case filed against the Attorney General of the Federation at the Federal High Court in Lagos has reignited fresh tension in the downstream petroleum …
Dangote Petroleum Refinery and Petrochemicals Limited has debunked rumours of a hike in the price of Premium Motor Spirit (PMS), also known as petrol, saying its ex-depot price remains the same. The company made the clarification in a statement released on Wednesday, May 6, signed by the management. Rumours on social media claimed the price …
Aviation analyst Olumide Ohunayo has said the plans by Dangote Refinery to begin direct supply of aviation fuel, also known as Jet A1, to airlines in Nigeria will not work. He said this is because there are registered marketers with facilities around airports who are supposed to supply aviation fuel to the airlines. Ohunayo, who …
Domestic refineries in Nigeria recorded a crude oil supply shortfall of 33.4 million barrels in the first quarter (Q1) of 2026. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday, May 5, a total of 61.9 million barrels of crude oil was allocated to domestic refineries during the quarter under …
Africa’s richest man, Aliko Dangote, has revealed plans to construct a new 650,000-barrel-per-day (bpd) oil refinery in East Africa, a project that could reshape the region’s energy landscape and challenge the dominance of European and Middle Eastern fuel imports. Dangote made this known on Thursday while speaking during a presidential panel at the “Africa We …
Dangote Group has achieved its first oil from its upstream assets in the Niger Delta, marking its entry into crude production. The company is currently producing 4,500 barrels per day (bpd) from the Kalaekule field on Oil Mining Lease (OML) 72. Vice President of Dangote Group's Oil and Gas Division, Devakumar Edwin, disclosed …
Africa’s richest man, Aliko Dangote, is advancing plans to list his oil-refining business across multiple stock exchanges on the continent in what could become a landmark transaction for African capital markets. The proposed share sale for Dangote Petroleum Refinery and Petrochemicals is being structured as a cross-border listing, according to a report by Bloomberg on …
The Dangote Petroleum Refinery has reversed its recent petrol price hike, returning the ex-gantry price to N1,200 per litre. The 650,000 barrels per day refinery had on Tuesday, April 7, raised its petrol price to N1,275, a N75 increase in response to global crude oil price volatility caused by the ongoing Middle East conflict. The …
The Dangote Petroleum Refinery has again adjusted its ex-depot fuel prices, reflecting the intense volatility currently gripping the global energy market. Effective immediately, the gantry price for Premium Motor Spirit (PMS), also known as petrol, has been raised to ₦1,275 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has jumped to ₦1,950 …
