Tag: dangote

  • DANGOTE TO STRIKE OFF CRUDE IMPORTS BY DECEMBER

    DANGOTE TO STRIKE OFF CRUDE IMPORTS BY DECEMBER

    Dangote Petroleum Refinery plans to cease importing crude oil by December 2025, shifting entirely to local Nigerian crude. Currently, the refinery, which processes around 550,000 barrels daily, sources approximately 53% of its crude domestically and 47% from the U.S. as of June. Contracts with foreign suppliers are expiring, and the company expects to fully transition…

  • MARKETERS IGNORE DANGOTE’S PETROL CUT, MAINTAIN HIGH PUMP PRICES

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    Despite the Dangote Petroleum Refinery reducing its ex-depot petrol price from N880 to N840 per litre on June 30, many fuel marketers are hesitant to lower their pump prices, fearing potential losses. Marketers explained that they could only consider price reductions after selling off their existing stock purchased at higher prices, around N900 per litre.…