Tag: Petrol supply

Fuel supply to increase, as FG grants companies licenses to operate refineries in Nigeria

Aminu Imam
FG grants coys licenses

Nigerias fuel supply is set to increase as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Authority, (NMDPRA), has granted licenses to nine modular refineries, seven construction licenses, and four operational licenses. The development was announced by the NMDPRA CEO, Farouk Ahmed, at the 2024 Oil Trading & Logistics Africa Downstream Energy Week, which was held in Lagos on Monday. According to Ahmed, under President Bola Tinubus administration, Nigerias refining capacity has been expanding, particularly with the commencement of production by  ?angote Refinery. Over the course of the…

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IPMAN decries selling of ?angote Petrol higher than imported fuel

Aminu Imam
IPMAN decries

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited (NNPCL) to ensure it is not sold at a higher price than imported fuel. According to IPMAN, it doesnt make sense for the NNPCL to sell petrol lifted from the ?angote Refinery higher than imported ones, adding that the pricing strategy for locally refined petrol should reflect the advantages of domestic production, offering Nigerians a more affordable option. This was disclosed by the…

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?angote postpones petrol supply date to July

Aminu Imam

The ?angote Refinery has said its plan to release premium motor spirit, better known as petrol, into the market this month will no longer be possible. The President of ?angote Group, Aliko ?angote, told newsmen on Monday that the petrol from the 650,000 barrels per day capacity refinery will be out in July. ?angote said this was due to some minor challenges, stating that the product would be out by July 10 to 15. We had a bit of delay, but PMS will start coming out by 10 to 15…

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