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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

Abuja: Motorists, commuters groan as petrol scarcity persists


The scarcity of the Premium Motor Spirit (PMS ) petrol persisted on Tuesday in the Federal Capital Territory (FCT ).

This resulted in a bitters taste of the forgotten long queues at retail outlets.

Most vehicle owners went to work by public transport while others patiently lined up for the product.

A civil servant, who simply identified himself as Eugene Bello told The Nation that “I will stay in this petrol stations till I am able to get fuel today so that I can go to work tomorrow (Tuesday).”

Although most of the petrol stations that were opened to customers did not hike their pump prices, they were not operating at full capacity.

While some were vending the product with one pump, others concentrated on selling to customers in plastic cans.

On Kubwa expressway, the popular NNPC was vending with two pumps more to bearers of jerry cans than vehicles. There was no change in the pump price, according to its customers.

Meanwhile, vehicles queued into it from entrance and exit gates.

The Oando adjacent it was not opened to customers. On the other hand, the NIPCO opposite the NNPC also operated on skeletal basis.

Black marketers however returned to their deal for selling on the road sides.

The Nation learnt that 10 litres of petrol was N2500.

The queues also affected most of the service lanes on the expressway resulting in gridlock.

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