Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than three times, from an initial N1,700 per litre to the current rate, thus providing much-needed relief to manufacturers and consumers alike.
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Saudi Aramco is the official Saudi Arabian Oil Company, which is a majority state-owned petroleum and natural gas company.
Justice Inyang Ekwo fixed the date after counsel for the NNPCL, Ademola Abimbola, SAN, and lawyer to Dangote Refinery, John Ibrahim, SAN, presented their arguments and adopted their processes for and against the suit.
Billy Gillis-Harris, president of PETROAN, made this known during an interview on Arise TV on Saturday.
The crash in price, effective from Saturday, came after Dangote had some weeks back hiked the cost in ex-depot price to N950.
In a statement released on Friday, the refinery announced that the new bulk purchase rate for customers buying between 2 million and 4.99 million litres is now N955 per litre.
The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from depot owners whose price is opened to incessant upward review as has just been announced.
This strategic move is designed to ensure a steady supply of petroleum products at affordable prices, further stabilising the nation’s fuel market and enhancing energy security for consumers.
This, according to a statement by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, was to offer Nigerians some relief as the holiday season approaches.
This milestone, resulting from a strategic collaboration between the two companies, was made public in a statement on Wednesday.
The announcement was made in a statement issued by Anthony Chiejina, the Group Chief Branding and Communications Officer.
The agreement was signed by Managing Director, NGML, Justin Ezeala, and President/CEO of the Dangote Group, Aliko Dangote.
The oil marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024 filed in response to Dangote Refinery’s originating summons, told Justice Inyang Ekwo that granting that application would spell doom for the country’s oil sector.
In a statement by his media aide, Osho Oluwatosin, he said Dangote has done his best by building a refinery to serve Nigeria and Africa.
Oluwaremilekun Lasisi, leader of the group, made the request in an interview with the News Agency of Nigeria on Thursday.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority revealed this development to The Guardian on Monday.
The war began on Sunday afternoon following the commencement of loading by NNPCL trucks at the Ibeju-Lekki, Lagos State refinery
In total, 300 NNPC trucks will be ready to load petrol.
Represented by the Chairman, Federal Inland Revenue Service, Dr. Zacch Adedeji, Edun said this at a news briefing in Abuja on Friday.
The group spoke in a statement issued by its Executive Secretary, Benjamin Udechukwu, and made available to newsmen.