Dangote Refinery Archives - Voice of Liberty NG

‘Ɗangote Refinery shields Nigeria from global energy shock’ – World Bank

April 12, 2026April 12, 2026 Aminu Imam

…Says poverty rate climbs to 63% The World Bank has painted a mixed picture of Nigeria’s economy, highlighting the protective role of the Ɗangote Refinery in cushioning global energy shocks, even as poverty levels continue to rise sharply across the country. In an interview with Reuters, World Bank President, Ajay Banga commended the Ɗangote Group for its $20 billion investment in the 650,000 barrels-per-day Ɗangote Refinery, describing it as a critical buffer against the global energy crisis triggered by the ongoing Middle-East conflict involving Iran. Banga noted that the refinery…

Ɗangote cuts fuel price to ₦1,200 amid falling oil prices

April 9, 2026April 9, 2026 Aminu Imam

Ɗangote Petroleum Refinery has slashed the ex-gantry price of Premium Motor Spirit (PMS) to ₦1,200 per litre, reversing a recent hike. The reduction of ₦75 per litre comes after the price was earlier raised to about ₦1,275 per litre due to surging global crude oil costs. Industry insiders say the new price adjustment mirrors recent shifts in international oil markets. Global crude prices have dropped sharply in the past few days, providing relief to local fuel pricing. Brent crude fell to $95.05 per barrel – a 13 percent decline –…

Ɗangote reduces petrol gantry price to ₦1,200/litre

March 28, 2026March 28, 2026 Aminu Imam

Ɗangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to ₦1,200 per litre, while pegging its coastal price at ₦1,153 per litre, a development expected to reshape fuel supply costs across Nigeria’s downstream distribution chain. According to the its Group’s spokesperson, Anthony Chiejina, the price adjustment represents a downward review in the refinery’s pricing template and comes amid heightened uncertainty in the global oil market driven by geopolitical tensions in the Middle-East. “Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol…

Ɗangote raises petrol price to ₦1,275/litre

March 22, 2026March 22, 2026 Aminu Imam

…5th hike in March Barely 12 hours after a fresh hike, the Ɗangote Petroleum Refinery has again increased petrol prices, signalling intensifying pressure in Nigeria’s downstream market as global crude costs continue to rise. In a new notice to customers, the refinery raised its gantry price of Premium Motor Spirit (PMS) from ₦1,245 to ₦1,275 per litre, marking an additional N30 increase within the same day. The revised rate takes effect from 12:00 a.m. on March 21, 2026, replacing all previously communicated prices. At the time of filing this report,…

Petrol: Again, Ɗangote increases price to ₦1,175/litre

March 14, 2026March 14, 2026 Aminu Imam

Ɗangote Refinery has revised its petrol price back to ₦1,175 per litre hours after it reduced the price of the product. The increase has resulted in depot operators across the country pausing their sales temporarily. The refinery had previously lowered the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100, bringing it to ₦1,075 per litre on March 10, 2026, reduced from the earlier price of ₦1,175 per litre. Depot operators, who had started selling at an average price of ₦1,100 per litre, immediately paused their…

Ɗangote lowers ex-depot prices for petrol, diesel

March 11, 2026March 11, 2026 Aminu Imam

The Ɗangote Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly called diesel. The new adjustment comes after several recent increases in fuel prices. According to the refinery’s latest pricing template released yesterday March 10, 2026, the gantry price of petrol has been reduced by ₦100 per litre. The price dropped from ₦1,175 to ₦1,075 per litre. The company also stated that petrol supplied through coastal distribution channels will now cost ₦1,050 per litre. This price reflects a…

Again, Ɗangote Refinery hikes petrol price to ₦1,175/litre

March 10, 2026March 10, 2026 Aminu Imam

The cost of goods and services across Nigeria is expected to increase further following a fresh hike in petrol prices by the Ɗangote Petroleum Refinery, which has raised the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre. The adjustment marks the third petrol price increase within one week, intensifying concerns over rising living costs across the country. The refinery communicated the new pricing structure to marketers yesterday, increasing the gantry price from ₦995 per litre announced on Friday to ₦1,175 per litre, representing a ₦180 increase or…

M’East war pushes Ɗangote petrol price to ₦874

March 4, 2026March 4, 2026 Aminu Imam

…Marketers project ₦1,000 per litre Escalating conflict between Iran, United States and Israel has triggered a fresh petrol price hike in Nigeria, with marketers projecting pump prices could hit ₦1,000 per litre. Ɗangote Petroleum Refinery on Monday raised its Premium Motor Spirit (PMS) gantry price by ₦100 to ₦874 per litre from ₦774, citing volatility in global crude oil markets and rising replacement costs. The price surge followed attacks on oil facilities in Saudi Arabia and Qatar, as well as disruptions along the Strait of Hormuz, which pushed crude prices…

NNPCL Boss hails Ɗangote refinery as ‘world-class marvel’

February 23, 2026February 23, 2026 Aminu Imam

…As Ɗangote Group plans public share offer The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has described the Dangote Petroleum Refinery as a “world-class technological marvel,” urging Nigerians to take pride in what he called one of the boldest industrial achievements in the country’s history. Ojulari made the remarks at the weekend during a landmark visit to the 650,000-barrels-per-day facility, accompanied by members of the NNPC Board and executive management team — the company’s first official tour of the refinery. Commending billionaire industrialist Aliko…

Petrol to sell at ₦740 per litre’ – Ɗangote

December 16, 2025December 16, 2025 Aminu Imam

…Alleges regulatory sabotage of refinery President and Chief Executive of Ɗangote Industries Limited, Aliko Ɗangote, has called for an investigation of the operations of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA), citing economic sabotage that is undermining domestic refining in Nigeria. Speaking at a press conference at the Ɗangote Petroleum Refinery on Sunday, Ɗangote accused the leadership of the NMDPRA of colluding with international traders and oil importers to frustrate local refining through the continued issuance of import licences for petroleum products. The Ɗangote Group chairman assured Nigerians…