The Nigerian National Petroleum Company Limited (NNPC) has now decided to end its exclusive role as the first and only buyer of Dangote petrol from the refinery.

This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.

The Nigerian National Petroleum Company Limited (NNPC) has officially ceased its exclusive purchase arrangement with Dangote Refinery, opening the market for other petroleum marketers to buy petrol directly from the refinery. This significant development, reported by PREMIUM TIMES, shifts the market away from the NNPC’s exclusive purchasing role, providing room for marketers to negotiate prices […]

The NNPC had on September 3 increased the price of petrol at its pumps from from N617 per litre to between N855 and N897.

Despite the improved supply of petrol from Dangote Refinery, NNPC is set to increase the pump price of the product at its filling stations again.

About three new refineries in Nigeria are gearing up to commence petrol production in addition to the Dangote following the beginning of crude oil sales in naira.

Robert Dickerman, has counseled the federal government to lower the nation's fuel pump price by addressing economic distortions and foreign investors' confidence.

The Nigerian National Petroleum Company Limited (NNPC) is set to introduce a new pricing regime for petrol following its recent lift of approximately 103 million litres from Dangote Refinery between September 15 and 30, 2024. Sources familiar with the matter disclosed this development to PREMIUM TIMES. During this period, the refinery managed to load 2,207 […]