Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
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Naira-for-crude deal still in place as NNPCL sells 84 million barrels to Dangote Refinery
Though the six-month naira for crude deal is soon to come to an end, the policy framework on which it is based is still in place, and supply will continue.
Petroleum product marketers kick against monopoly as Dangote, NNPC engage in price war
The Petroleum Product Retail Outlets Owners Association of Nigeria (PETROAN) has asked industry regulators to allow them to continue to import products.
Fuel cost to crash as importers begin negotiating reduction amid Dangote, NNPC price war
Due to intense competition between NNPC Retail Ltd. and Dangote Refinery, importers are struggling to stay afloat and searching for alternative markets.
NNPC begins new negotiations with Dangote Refinery, clarifies end of naira for crude oil deal
The Nigerian National Petroleum Company Limited has provided clarification to its naira to crude swap agreement with Dangote refinery and other local refineries.
NNPC breaks silence as its naira-for-crude deal with Dangote refinery, others ends
The Nigerian National Petroleum Company (NNPC) Limited has provided an explanation as its naira for crude deal with Dangote petroleum refinery, others ends.
NNPC discovers new oil well in Nigeria, speaks on plan to boost production
A major hydrocarbon discovery has been made in the Songhai Field by the Joint Venture of NNPC Limited and FIRST Exploration & Petroleum Development Company Limited.
Marketers, others import N3.3trn petrol in three months despite reduced prices by Dangote, NNPC
Petroleum product marketers and importers brought in petroleum products worth N3.3trn in the last quarter of 2024, indicating continued reliance on imported fuel
More competition as 3 companies get approval to construct new refineries
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has once again issued a license for the construction of three refineries in Nigeria.
Price war: BOVAS, Eternal Oil, other companies import fuel to compete with Dangote petrol
Nigeria's increasing capacity for domestic refining has not stopped major oil marketers from importing refined petroleum products according to recent data.
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