PMS Archives — City Business News

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 crude...

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...

December 20, 2024 No Responses

PETROAN Lauds Dangote Refinery For Slashing PMS Price

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has commended the management of Dangote Refinery for crashing the price of its petrol to N899.50K per litre. In a statement on Thursday, PETROAN spokesman, Joseph Obele, described th...

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...

September 16, 2024 No Responses

NNPC Replies Dangote Refinery, Restates N898 Per Litre Transaction

The Nigerian National Petroleum Company Limited (NNPC Ltd), on Monday morning insisted that it bought Premium Motor Spirit (PMS), also known as Petro from Dangote refinery at N898 per litre. In a statement issued on Monday morning, Chief Corporate Communi...