Dangote Petrol Beats Import Cost by N46/Litre

  Nigeria’s petrol market is witnessing a notable shift as recent industry data indicate that the estimated cost of importing Premium Motor Spirit (PMS) was higher than the supply price of petrol from the Dangote Petroleum Refinery during the period reviewed. The development has renewed discussions about the role of domestic refining in reducing Nigeria’s…

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Regulator Issues Fresh Petrol Permits As Stocks Decline

Petrol Imports Surge 59% Despite Dominant Local Refining -NMDPRA

Nigeria’s petrol imports rose sharply by 59.5 percent in May as oil marketers turned back to foreign suppliers to shore up domestic inventory. The latest operational data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority reveals that daily inbound shipments of Premium Motor Spirit climbed to 5.9 million litres, up from 3.7 million litres…

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