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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon
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Reps Ask Customs To Remove Ban On Petrol Supply To Border Communities






The House of Representatives on Tuesday asked the Nigeria Customs Service (NCS) to lift the ban on the distribution of petroleum products to fuel stations at towns and communities within 20 kilometres of border area in Nigeria.

The House in a motion moved by Representative Sada Soli said the ban is causing untold hardship on people living in these border communities, including Nigerians.

According to Soli, the order by the customs boss contravenes the provisions of the Customs and Excise Act.

Other lawmakers who seconded Soli’s motion agreed that the border closure is already biting hard on these communities, and denying them petroleum products. They added that this will only worsen the situation.

The NCS in a bid to tackle illegal smuggling had placed a ban on the sale of petroleum products within 20 kilometres of any border area in Nigeria.

Comptroller-General of the Customs Service, Colonel Hameed Ali (retd.) last week directed that no petroleum products should be supplied to any filling station within 20 kilometres to the border.
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Location: Lagos, Nigeria

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