Fuel subsidy is a mirage, petrol should sell for ₦687/litre — Expert
A Professor of Petroleum Engineering, Izielen Agbon, has dismissed fuel subsidy as a “mirage” and called for policies that would significantly bring…
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Nigeria’s petrol imports hit 20.6m litres daily in August
Nigeria’s petrol imports rose to 20.6 million litres per day in August 2026, even as supply from domestic refineries increased to 29.7ml/d,…
Explain funding for fuel subsidy return, APC-PCC tells Atiku
The Presidential Campaign Council of the All Progressives Congress has asked Atiku Abubakar, presidential candidate of the African Democratic Congress, to clarify…
Cooking gas price jumps 25% to ₦1,500/kg
The price of cooking gas has risen by 25 per cent to N1,500 per kilogramme from N1,200, adding to the rising energy…
Petrol price hits ₦1,395/litre as Dangote raises gantry rate
Petrol pump prices rose to N1,395 per litre on Saturday as filling stations across Lagos and Ogun States adjusted their rates in…
NUPRC threatens revocation over undeveloped flare gas sites
The Nigerian Upstream Petroleum Regulatory Commission has cautioned that firms handed flare gas commercialisation sites could forfeit their permits should they fail…
Petrol pump prices stay high despite sharp fall in depot rates
Fuel prices at filling stations across Nigeria remain stubbornly high even as depot prices have dropped considerably, stirring renewed concerns about profiteering…
Nigeria’s petrol import bill hits ₦952bn despite Dangote Refinery supply
Nigeria spent N952.15 billion on imported Premium Motor Spirit in the second quarter of 2026, despite the country’s growing domestic refining capacity…
Auditor-General uncovers ₦432bn debt owed to NMDPRA by marketers
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is facing renewed scrutiny after the Office of the Auditor-General for the Federation uncovered…
Nigerians spent ₦11.3trn on petrol in seven months – NMDPRA
Nigerians spent approximately N11.3 trillion on Premium Motor Spirit, popularly known as petrol, between January and July 2026 to power their vehicles…
IPMAN predicts downward review of petrol prices in days
The Independent Petroleum Marketers Association of Nigeria says filling stations across the Federal Capital Territory will begin adjusting petrol pump prices downward…
Bolivia takes over state oil firm YPFB amid fuel crisis
Bolivia has placed its state oil company, YPFB, under temporary government supervision, following persistent problems with fuel imports and distribution that have…