
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 Dangote Petroleum Refinery has made significant changes to Nigeria’s downstream sector as it announces the free and direct distribution of fuel.
Dangote Refinery has released registration details for marketers as it releases 4,000 CNG-powered trucks for nationwide petrol and diesel distribution.
Ikeja Electric Plc has invited residents within its service area to apply for free prepaid meters under the Meter Asset Financing scheme, which closes in a few days.
Depot owners and Dangote marketers have expressed fears over plans by Dangote Refinery to begin nationwide fuel distribution by unleashing 4,000 trucks.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has reacted to the fuel distribution plans by Dangote Petroleum Refinery.
Petrol and diesel prices have spiked across depots nationwide in response to rising crude oil prices caused by the Middle East tension, with Dangote raising costs.
Hostility between Israel and Iran is driving up crude oil prices, and Nigeria, as an oil-producing country, will have to face both the positive and negative effects.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and transport unions under NARTO have rejected the N12,500 E-Call Up levy on trucks.
Crude oil prices have surged in the global market amid Israeli airstrikes on Iran's nuclear sites, with Brent selling for $76.12, and WTI at $74.69 per barrel.
Energy
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