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Tag: petrol price

Oil and Gas

LCCI proposes 15-20% petrol price cut within six months

The Lagos Chamber of Commerce and Industry has proposed a six-month petrol price reduction programme aimed at cutting pump prices by 15 to 20 per cent. The Chamber said this would ease the burden of high energy and transportation costs on Nigerian businesses and households. Vanguard reported that in a statement on Sunday, the LCCI […]

Oil and Gas

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 down the pump price of Premium Motor Spirit through lower domestic production and refining costs. Vanguard reported that Agbon, a United States-based petroleum expert, made the call on Saturday at an online public […]

Economy

Civil servants demand ₦500 fuel price, wage award from Tinubu

Civil servants under the Joint National Public Service Negotiating Council Trade Union Side, have written to President Bola Ahmed Tinubu, demanding urgent intervention to address the worsening economic hardship confronting workers and their dependants. The workers called on the Federal Government to stabilise the price of Premium Motor Spirit at N500 per litre, approve an […]

Economy

NLC demands wage awards to cushion rising petrol prices

The Nigeria Labour Congress has called on the Federal Government to approve wage awards for workers to cushion the impact of rising petrol prices, which it said had worsened the economic hardship facing Nigerians. The NLC also urged the government to sell sufficient crude oil in naira to local refineries and expand the country’s national […]

featured Oil and Gas

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 response to the Dangote Petroleum Refinery’s latest pricing review. The refinery had raised its gantry price for petrol to N1,350 per litre, prompting marketers to review their pump prices accordingly. Findings by The […]

featured Oil and Gas

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 between wholesale loading points and retail outlets. The latest mid-day depot price report for Tuesday, September 8, 2026, indicated that Premium Motor Spirit, popularly known as petrol, was selling for between N1,266 and […]

Oil and Gas

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 in the next few days. The National Publicity Secretary of IPMAN, Mr Chinedu Ukadike, disclosed this in an interview with the News Agency of Nigeria on Thursday in Abuja. Ukadike said that marketers […]

featured Oil and Gas

NNPCL raises petrol price to ₦1,345/litre in Abuja

The Nigerian National Petroleum Company Limited has increased the pump price of Premium Motor Spirit, popularly known as petrol, from N1,270 to N1,345 per litre in parts of Abuja. A market survey by The PUNCH on Monday showed that NNPCL filling stations along the Kurudu-Jikwoyi Expressway and other parts of the Federal Capital Territory had […]

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