Oil & Energy
Three Refineries To Begin Operations In A’Ibom
The Akwa Ibom
State Governor, Udom Emmanuel, has disclosed that three private refinery operators have indicated interest to begin operations in the state even as he warned marketers against contravening the miscellaneous code.
The governor also advocated for the liberalization of the Petroleum down-stream sector to make room for an inter-play of market forces which would regulate the cost of petroleum products for consuming public. Emmanuel stated this during the monthly prayer meeting at the Latter House Chapel, Government House, Uyo.
The governor who was speaking against the back drop of artificial scarcity of petrol, accused marketers of creating the scarcity situation to make more profit at the detriment of the consumers.
He said, “Petroleum marketers are hoarding fuel in the pretext that the just concluded National Economic Council would push for the removal of fuel subsidy. Let me clarify that during our last meeting, even at the Governor’s Forum, subsidy issues were not deliberated on. If at all it will be removed, it’s not going to be immediately so there is no point hoarding fuel enjoy super abnormal profits.
“Let’s not take things to the extreme. Yesterday no station was open in the state. I am of the view that if subsidy is removed, the interplay of market forces will bring down the price to where it should be.
“At present, landing cost of crude oil in the current market price is N78, with liberation anybody can come in, refine and sell the product. This way, the product will be cheaper, so I want to see the stations open”.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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