Dangote Refinery Unveils Dollar Prices for Petrol, Diesel
Dangote Refinery introduces dollar pricing for petrol, diesel, and aviation fuel amid global oil volatility, while exempting cooking gas to ease household burdens.
Category : Oil Gas
Petrol Prices Jump Over N100 as Depot Marketers React to Dangote Refinery's Dollar Sales Policy
Petrol depot prices in Nigeria surged over N100 per litre after Dangote Refinery switched to dollar sales, with some depots hitting N1,230 per litre, raising consumer costs.
Nigeria Exceeds OPEC Oil Quota as Production Hits 74-Month High
Nigeria's crude oil production averaged 1.56 million bpd in June 2026, surpassing its OPEC quota of 1.5 million bpd for the first time in 74 months, driven by improved pipeline security and operational stability.
Cooking Gas Prices Crash to N980/kg in Nigeria
Cooking gas depot prices in Nigeria have fallen to as low as N980 per kilogram amid fierce competition, offering relief to households after months of soaring costs.
Dangote Plans $17bn Mega Refinery in Kenya, Location Confirmed
Dangote Group confirms a $17 billion oil refinery on Kenya's Lamu Island, with 700,000 bpd capacity, to reduce East Africa's fuel import dependence.
Oil Falls for Third Day on Hormuz Progress, OPEC+ Outlook
Oil prices fell for a third consecutive session on July 2, dropping about 1%, after Qatar signaled progress in US-Iran talks over the Strait of Hormuz and ahead of a likely OPEC+ output hike.
Dangote Refinery Denies Fuel Export to Togo Claims
Dangote Refinery dismisses claims of exporting fuel to Lomé, Togo, for re-importation into Nigeria, calling them false and commercially indefensible.
US Temporarily Eases Iran Oil Sanctions Amid Peace Talks
The US issued a 60-day license allowing Iranian oil sales as Washington and Tehran negotiate a final peace deal in Switzerland, easing decades-old sanctions.
Dangote Cuts Jet Fuel Price by N100, Hopes for Cheaper Flights
Dangote Refinery reduces jet fuel price by N100 per litre to N1,450, sparking hope for lower airfares. PETROAN urges further cuts amid declining global crude oil prices.
Dangote Refinery Cuts Diesel Price by N100 Again
Dangote Refinery reduces diesel price by N100 to N1,500 per litre amid competition and falling crude oil prices, offering relief to manufacturers and transporters.
Dangote Refinery Cuts Diesel and Jet Fuel Prices
Dangote Refinery reduces diesel price by N100 to N1,600 per litre, and jet fuel to N1,450, offering relief to transport, logistics, and aviation sectors in Nigeria.
Petrol Price to Crash to N1,200/Litre After Dangote Cut
Dangote Refinery reduces petrol ex-depot price to N1,175/litre, marketers predict pump prices could fall to N1,200/litre in Lagos within days as crude oil prices decline.
Nigeria Petrol Imports Down 96% on Dangote Refinery Output
Nigeria's petrol import bill fell 96% in Q1 2026 to N87.4 billion, as Dangote Refinery increased domestic fuel supply, reducing foreign exchange demand.
Dangote Cuts Petrol Price by N75 as Oil Prices Drop
Dangote Refinery reduces petrol ex-depot price by N75 to N1,175 per litre, citing easing Middle East tensions and lower crude oil prices, boosting hopes for lower pump prices.
Nigeria misses oil targets, $3.6bn loss for 2026 budget
Nigeria failed to meet oil production targets for the fifth time, recording a $3.6 billion shortfall for the 2026 budget despite rising output and favorable prices.
Nigeria Hits OPEC Quota, Oil Production at 11-Month High
Nigeria's oil production averaged 1.7 million bpd in May 2026, meeting OPEC quota and marking an 11-month high, driven by stable operations and completed maintenance.
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Russia Jet Fuel Ban Boosts Dangote Refinery
Russia extends jet fuel export ban until November 2026, tightening global supplies. Dangote Refinery emerges as key alternative supplier, exporting 1.1 billion litres to Europe.
Standard Bank Backs Dangote Refinery Expansion and IPO
Standard Bank Group commits to support Dangote Industries' refinery expansion and IPO, praising the project's impact on Nigeria's economy and energy security.
Dangote Refinery Saved Nigeria from N6,000 Petrol
IPMAN says Dangote Refinery helped Nigeria avoid petrol prices of N5,000-N6,000 per litre by reducing import dependence and stabilizing domestic supply.
Fresh Petrol Depot Prices Released in Nigeria Amid Oil Rise
Energy marketers release fresh petrol depot prices in Nigeria as crude oil rises amid US-Iran tensions, raising concerns over transport costs and living expenses.
European Jet Fuel Imports from Nigeria Surge in May
European countries increased jet fuel purchases from Nigeria in May, driven by Dangote refinery supplies amid Middle East disruptions, according to a Kpler report.
ARDA, Algeria Boost Refining Capacity, Downstream Ties
ARDA and Algeria push for stronger refining capacity and collaboration to reduce import dependence, enhance energy security, and drive industrialization across Africa.
Cooking Gas Scarcity Worsens in Lagos, Abuja
Nigeria's cooking gas crisis deepens with prices surging past N2,400/kg, forcing households to revert to charcoal and firewood amid supply shortages.
FG, GenCos Disagree on N7tr Power Debt Plan
Nigeria's power debt to GenCos hits N7tr, FG and generation companies disagree on settlement plan, APGC warns of sector instability.
Petrol Prices Drop as Dangote Refinery Cuts Gantry Price by N25
Petrol pump prices fall across Nigeria after Dangote Refinery reduces ex-depot price by N25. Lagos stations sell between N1,272 and N1,295 per litre.
Energy Marketers Dump Dangote Refinery as Cheap Imported Petrol Floods
Nigeria's petrol imports surged in May, reversing net export gains as Dangote Refinery maintenance disrupted local production, prompting marketers to turn to cheap foreign fuel.
Cooking Gas Prices Surge in Abuja, Lagos, Residents Shift to Charcoal
Cooking gas prices hit N2,000 per kg in Abuja and Lagos, forcing households and small businesses to switch to charcoal and firewood amid affordability crisis.
Jonathan, Lumumba Task Nigeria on Nuclear Energy Development
Former President Goodluck Jonathan and Prof. Patrick Lumumba call on Nigeria and African nations to develop nuclear weapons and energy for global respect at NBA Law Week 2026 in Yenagoa.
Petrol Landing Cost Crashes Over N100, Below Dangote Price
Imported petrol landing cost in Nigeria falls to N1,117 per litre, undercutting Dangote Refinery's N1,250 price, as global crude oil prices decline.
Nigeria Targets More Oil Investment in Q3 2026 Licensing Round
Nigeria's upstream regulator NUPRC announces the 2026 oil licensing round to start by Q3 2026, aiming to attract more investment and boost production.
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