DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

DANGOTE REFINERY DEDICATES 53% OF CAPACITY TO PETROL PRODUCTION

Dangote Refinery may lead to the sale of NNPC refineries in the long run Dangote Group’s, President and Chief Executive Officer, Aliko Dangote while speaking at the Nigerian National Petroleum Corporation (NNPC) headquarters; have said that 53% of Dangote refinery’s capacity upon its completion will be dedicated to petrol production. Dangote refinery will have a refining capacity of 650,000 barrels per day; dedicating 53% of this capacity to petrol production simply amounts to 344,500 barrels…

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ZIMBABWE PETROL AND DIESEL PRICE TO DROP VERY SOON.

ZIMBABWE PETROL AND DIESEL PRICE TO DROP VERY SOON.

Zimbabwe to cut import tax on fuel. The government official said in a statement that “Zimbabwe has cut its import tax on petrol and diesel by as much as 17%, the first time it has done so since it adopted the U.S. dollar in 2009, in a bid to lower the pump price for motorists.” Motorists in Zimbabwe pay more for petrol and diesel than most southern African nations. The price of petrol is $1.41…

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PRICE OF PETROL TO INCREASE IN SOUTH AFRICA

PRICE OF PETROL TO INCREASE IN SOUTH AFRICA

Petrol prices will increase in South Africa by Next Month The South African Department of Energy have announced that petrol price will increase by 4 cents per liter in November, Also increasing will be Diesel (0.05% sulphur) by 23 cents per litre and Diesel (0.005% sulphur) by 27 cents per litre. This increase is based on South Africa’s monthly adjustment of fuel prices as affected by international and local factors. The International factor being that South Africa imports both…

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CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

China’s industry ministry is developing a timetable to end production and sale of  fuel cars and will promote development of electric technology as Beijing seeks to ease pollution. The country’s Deputy industry minister, Xin Guobin told a forum in the northern city of Tianjin at the weekend that his ministry had started “relevant research” and is  working on a timetable for the ban. In July, France and Britain announced that  they will stop sales of petrol and diesel cars…

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