
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
The NNPCL has announced a breakthrough in its ongoing $2.8bn Ajaokuta-Kaduna-Kano gas pipeline project, confirming the successful crossing of the River Niger.
The Nigerian National Petroleum Company Limited (NNPC) has declared a juicy profit of N1 trillion and N6 trillion revenue in May amid hike in petrol prices.
The new petrol prices from Dangote Refinery have triggered a massive depot price slashes as marketers, who held off purchases now now rush to adjust.
Petroleum marketers warn that declining crude oil prices may lead to a petrol price drop, with a new pricing structure expected by Monday June 29th.
Dangote Refinery has made adjustments to the cost of Premium Motor Spirit, also known as petrol, and filling stations are expected to adjust their pump prices
Private depot owners have decided to reduce petrol prices below Dangote's rate to attract customers amid intense competition to dominate the market.
Two fuel vessels arriving in Calabar and Warri are set to boost South-South supply, ease pressure, and intensify competition among independent petroleum marketers.
The Dangote Group has set the rollout date for nationwide fuel distribution for end-users, as it deploys N720 billion CNG-powered trucks for the scheme.
Engineers have attributed Nigeria's electricity crisis to political interference and the government's failure to appoint qualified professionals.
Energy
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