PMS – City Business News

June 16, 2025 No Responses

Dangote Deploys 4,000 CNG Tankers For PMS, Diesel Distribution

With effect from August 15, 2025, Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boos...

June 5, 2025 No Responses

Customs Reinforces Anti-Fuel Smuggling, Deploys New Officers

The Nigeria Customs Service (NCS) has intensified its efforts to combat fuel smuggling with the deployment of newly inducted officers to Operation Whirlwind, a tactical unit launched in May 2024 to check the illegal movement of Premium Motor Spirit (PMS)...

May 31, 2025 No Responses

Customs Intercepts 1,577 Jerrycans Of Smuggled PMS

The Nigeria Customs Service (NCS) through its Operation Whirlwind has intercepted 1,577 jerrycans (39,425 litres) of smuggled petroleum products and eight vehicles used for their transportation, with a combined value of N63,425,000 across the Lagos and Ogun ax...

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...

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...

March 10, 2025 No Responses

NNPC Reacts To Fresh Controversy On Naira Crude Contract With Dangote Refinery

NNPC Limited has noted recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery.To clarify, the contract for the sale of crude oil in Naira...

March 5, 2025 No Responses

Customs Impounds 28,300 Litres Of PMS

The Comptroller-General of Customs (CGC), Adewale Adeniyi, has assured smugglers of Premium Motor Spirit (PMS) that tougher times lie ahead as the Nigeria Customs Service (NCS) intensifies its crackdown on fuel smuggling.This warning came as officers of Operat...

March 4, 2025 No Responses

CNG Conversion: Lagos Trains Vehicle Inspection, Safety Officers

Following the Federal government’s directive on the need to move away from PMS to CNG, the Lagos State Government, through the Safety Commission, has organised a three-day training for Vehicle Inspection/Safety Commission Officers. Speaking at the ...

February 2, 2025 No Responses

Dangote Refinery Crashes Ex-Depot Price Of PMS To N890

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre, effective from Saturday, February1, 2025. A statement sent to City Business News explained that the price adju...

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...