KEY POINTS Dangote Refinery has cautioned that petrol prices in Nigeria could rise close to N1,000 per litre if fuel marketers rely heavily on coastal shipping for product evacuation and …
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Marketers
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KEY POINTS Oil marketers across Nigeria say the recent surge in petrol pump prices is squeezing their businesses, making it increasingly difficult to raise enough capital to purchase products from …
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In the NewsMarketsOil & Gas
Marketers Warn Petrol May Hit N1,000 per Litre as Global Crude Prices Surge
KEY POINTS International oil benchmarks surged past $70 per barrel this week, with Brent crude reaching $70.71 and US West Texas Intermediate hitting $65.42. By Friday, prices climbed further to …
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KEY POINTS Nigeria’s petroleum marketers are considering stepping back from fuel importation after the Dangote Petroleum Refinery took another slice off its ex-depot price, shifting the balance of competition in …
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In the NewsMarketsOil & Gas
Dangote Price Cut Shakes Nigeria’s Fuel Market as Marketers Mull Ending Imports
KEY POINTS Petroleum marketers across Nigeria are rethinking their import plans after the Dangote Petroleum Refinery slashed its ex-depot price for petrol by N49 per litre, a move that could …