Petrol Archives — City Business News

May 24, 2025 No Responses

Customs Impounds 49, 000 Litres of PMS

The Nigeria Custom Service (NCS) has intensified its anti-smuggling operations in Nigeria’s northeastern corridor, intercepting Premium Motor Spirit (PMS) and vehicles with a total Duty Paid Value (DPV) of over ₦63 million.According to Customs, the success was recorded through Operation...

May 22, 2025 No Responses

Dangote Refinery Reduces PMS Price

Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its Premium Motor Spirit (PMS).As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos;...

March 19, 2025 No Responses

DANGOTE SUSPENDS SALES OF PETROLEUM PRODUCTS IN NAIRA

The management of Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira.In a statement issued on Wednesday, the company explained that the decision is necessary to avoid a “mismatch between our sales proceeds and our c...

March 11, 2025 No Responses

Zacch Adedeji:Naira-For-Crude Policy Remains In Place

Our attention has been drawn to reports suggesting that the naira-based crude oil supply arrangement with local refineries has been discontinued, forcing the domestic refineries to rely solely on international crude purchases.These reports do not reflect the r...

February 27, 2025 No Responses

Dangote Refinery Reduces Petrol Price To ₦860 Per Litre

Again, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. In a statement on Wednesday, Dangote Petroleum Refinery explained that&...

February 18, 2025 No Responses

NCS Intercepts 53,000 Litres Of Smuggled PMS

The Nigeria Customs Service (NCS) has intensified efforts to curb the smuggling of Petroleum Motor Spirit (PMS), recording major seizures under Operation Whirlwind in Kwara State. According to the NCS, between January 14 and February 11, 2025, NCS operatives i...

December 31, 2024 No Responses

Ardova Seals Bulk Purchase Framework With Dangote Refinery

As part of measures to guarantee supply security at affordable prices for its customers, Ardova Plc, one of Nigeria’s major integrated downstream oil and gas businesses has agreed to a bulk purchase framework with Dangote Refinery.City Business News reports ...

December 30, 2024 No Responses

Warri Refinery Goes Live

The 125, 000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running.This was disclosed by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari during...

November 30, 2024 No Responses

NNPCL: Port Harcourt Refinery Yet To Begin Bulk Sales

The Nigeria National Petroleum Company Limited (NNPCL) says the Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized. In a statement on Friday, NNPCL Chief Corpor...

November 24, 2024 No Responses

Navy Bursts Petrol-Smuggling Syndicate

The Nigerian Navy’s Forward Operating Base (FOB) at Mbo local government area of Akwa Ibom State, has smashed a syndicate specialising in smuggling petroleum products and other contraband goods to Cameroon and other countries within the Gulf of Guinea region...

November 11, 2024 No Responses

Customs Auctions 67,000 Liters Of Seized PMS

Operation WHIRLWIND of the Nigeria Customs Service (NCS), being coordinated by the Office of the National Security Adviser (ONSA) has auctioned 67,000 Liters Of Seized Petroleum Motor Spirit (PMS) with Duty Paid Value (DPV) of N84, 870,000,000In a statement on...

November 3, 2024 No Responses

Dangote Refinery: We Sell At N960/litre Into Ships, N990 For Trucks

Dangote Refinery, on Sunday disclosed that it is selling petrol at a reduced rate of N960 per liter for supply via ships and N990 per liter for supply via trucks.A statement issued by Group Chief Branding and Communications Officer, Anthony...

September 15, 2024 No Responses

Dangote Refinery Faults NNPCL On N898 Per Litre Price

Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement...

July 21, 2024 No Responses

Dangote To Reps: Probe Quality Of Petrol, Diesel At Filling Stations

Foremost industrialist and President of the Dangote Group, Aliko Dangote has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call on Saturday when he received the leadership of t...