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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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GenCos attribute failure to generate 3,205.5 megawatts to gas shortage


GenCos attribute failure to generate 3,205.5 megawatts to gas shortage
GenCos fail to generate 3,205.5 megawatts due to gas shortage


This information was made known in a daily energy report by the Advisory Power Team, office of the Vice President, a copy of which was obtained by News Agency of Nigeria (NAN) in Abuja on Tuesday.

The report also noted that 200.1 megawatts of electricity was not generated due to unavailability of transmission infrastructure during the period.

Similarly, it said that 0 megawatt was not generated due to high frequency resulting from unavailability of distribution infrastructure.

The report, however, said that the GenCos released an average of 3,942 MegaWatts/Hour of electricity into the national grid on Monday.

It said that the electricity sent out by the GenCos was up by 61.27 megawatts from the 3,881 released on Sunday.

The report said 150 megawatts was recorded as losses due to water management procedures.

It revealed that the power sector lost an estimated N1.707 billion on Monday due to insufficient gas supply, distribution and transmission infrastructure.

On sector reform/activities, it said that the dominant constraint for Monday was unavailability of gas.
The report said that the peak generation attained on was 4,334.4 megawatts. (NAN)
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