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Nigerians to Pay More for Petrol Amid Domestic Dispute, Crude Price Hike

Summary by allAfrica

The Federal Government's failure to renew the Crude for Naira agreement between NNPC Limited and Dangote Refinery, along with rising global crude oil prices, is set to push petrol pump prices higher across Nigeria in April and beyond.

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allAfrica

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Nigerians to Pay More for Petrol Amid Domestic Dispute, Crude Price Hike

2 days ago·South Africa

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Punch Newspapers

Lean Left

Petrol price to rise more as naira-for-crude talks wobble

There is anxiety in the downstream arm of the oil and gas sector as operators await the decision of the Federal Government on the naira-for-crude deal between the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery. The six-month deal, which started in October 2024, officially ends today, Monday, March 31, 2024. The deal’s

3 days ago

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National Daily Newspaper

How Internal Forces Crippled Tinubu’s Naira-for-Petroleum Deal

In what was hailed as a groundbreaking move to strengthen Nigeria’s currency and bolster economic independence, President Bola Ahmed Tinubu’s naira-for-petroleum initiative faced unexpected resistance— not from external forces, but from within the country’s petroleum sector itself. Now, urgent questions arise: who are these economic saboteurs, and why are they working against Nigeria’s interests? A Bold Attempt at Economic Reform President Tinub…

9 hours ago

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Leadership

Delay To Extend Naira-for-crude Policy Threatens Fuel Prices, Inflation

The Nigerian government’s failure to extend the naira-for-crude policy for local refineries, including Dangote Refinery, has raised concerns over imminent fuel price hikes and a resurgence of inflationary pressures. The policy, which enabled local refineries to purchase crude oil in naira rather than in dollars, was responsible for the recent decline in petrol prices. However, with the programme’s expiration in March and no plans for renewal, ec…

14 hours ago·Abuja, Nigeria

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Investors King

Petrol Loading Reopens At Dangote Refinery, Pump Prices Surge To N960/Litre

The Dangote Petroleum Refinery has resumed truck-loading of Premium Motor Spirit (PMS) to oil marketers following weeks of suspension linked to adjustments in crude supply arrangements and currency-related challenges. The refinery had earlier halted truck loading due to the expiry of the naira-for-crude policy and the volatility in foreign exchange and crude oil markets. While […] The post Petrol Loading Reopens at Dangote Refinery, Pump Prices …

1 day ago

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Kemi Filani News

Dangote refinery resumes loading trucks after payment

The post Dangote refinery resumes loading trucks after payment appeared first on Kemi Filani. Loading of the Premium Motor Spirit, PMS, also known as petrol on trucks for oil marketers has resumed at the Dangote Refinery. They had stopped loading with the suspension of Naira for crude programme, rising price of crude oil and foreign exchange issues. While loading by ships on dollar basis continued, the $20 billion refinery […] The post Dangote r…

1 day ago

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