gasoline

Dangote Refinery Set To Start Gasoline Output

Dangote Refinery Set To Start Gasoline Output

Nigeria’s 650,000-barrel-per-day Dangote refinery is undergoing test runs for gasoline production, with full operation expected by mid-September, according to a note by industry monitor IIR Energy. The $20-billion Dangote refinery, built by Africa’s richest man, Aliko Dangote, on the outskirts of Lagos, began operations in January after years of delays. Dangote, which has so far only produced diesel and other distillate fuels, had earlier said that gasoline deliveries from the refinery would start in July. Before that the refinery had aimed to start making the motor fuel by May. It is possible that there could be further extensions, IIR said…
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Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

The 4.26% depreciation of the cedi in the last two weeks may force prices of petrol and Liquefied Petroleum Gas to go up from Saturday, October 1, 202, the Institute for Energy Security has projected. The price of diesel may however stay same. Chief Executive Officer of the IES, Nana Amoasi, told Joy Business that despite the 8.41% percent fall in the price of Brent crude on the international market in the last two weeks, the cedi depreciation within the period is too much to bring prices of petrol and LPG down. “The Cedi depreciation of 4.26% is enough to…
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