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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Lokpobiri Defends Petrol Costs Against Foreign Benchmarks

Independent Marketers Propose N800 Petrol, Demand Import Rights

Independent domestic fuel dealers are pushing for a full restoration of their direct importation rights, claiming they can lower pump prices below N800 per litre. Abubakar Maigandi, the national president of the Independent Petroleum Marketers Association of Nigeria, announced the target following an emergency meeting with state energy officials. The bold prediction reflects a growing…

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