petrol price Archives

Petrol depot prices drop nationwide amid rising competition

Petrol depot prices declined across major supply centres on Tuesday as marketers implemented fresh price cuts, signalling increased competition in the downstream petroleum market. Vanguard reported that an analysis of the mid-day depot price report showed that most major depots in Lagos, Warri, Calabar and Port Harcourt either reduced their prices or maintained existing rates, […]

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29th July 2026
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Dangote Refinery resumes naira petrol sales at ₦1,215/litre

Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit, also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Vanguard reported that the refinery has fixed its new ex-depot (gantry) price at N1,215 per litre, representing an increase of N140 […]

aadelekepdnlimited-com
23rd July 2026
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Oil and Gas

Marketers halt fuel purchases as ex-depot price hits ₦1,220/litre

Some fuel marketers in the country have suspended the purchase of fresh petrol as ex-depot price hits N1,220 at depots in Lagos. The Western Zonal Chairman of the Independent Petroleum Marketers Association of Nigeria, Chief Oyewole Akanni, disclosed this on Sunday in an interview with the News Agency of Nigeria. Akanni attributed the situation to […]

aadelekepdnlimited-com
19th July 2026
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Dangote Refinery cuts petrol price by ₦1 as brent crude surges

Dangote Petroleum Refinery on Wednesday reduced its ex-depot price of Premium Motor Spirit, known as petrol, by N1 per litre. The price cut came even as diesel prices climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria’s downstream petroleum market. Meanwhile, global crude oil prices surged sharply on Wednesday, with international benchmark […]

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9th July 2026
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Dangote Refinery, marketers cut petrol, diesel depot prices

Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit, popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal Government as well as growing competition and improving product […]

aadelekepdnlimited-com
7th July 2026
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Why pump prices don’t follow daily crude costs — Dangote Refinery

Dangote Petroleum Refinery and Petrochemicals says its product pricing is not tied to daily swings in global crude prices, addressing recent public and government pressure for marketers to cut fuel prices following the drop in international oil benchmarks. The clarification came in an official statement responding to calls from Nigerians and the Federal Government for […]

aadelekepdnlimited-com
4th July 2026
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Dangote blames importers as fuel prices stay above ₦1,000/litre

Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery, The PUNCH reported. As crude prices crashed to about $70 per barrel following the gradual return of oil supply through the Strait of Hormuz, many Nigerians expected fuel […]

aadelekepdnlimited-com
3rd July 2026
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Policy and Regulations

Marketers threaten shutdown if FG enforces petrol price control

Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, issued the warning on Tuesday during an interview with Vanguard. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, […]

aadelekepdnlimited-com
1st July 2026
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Petrol remains costly despite $73/barrel crude oil price — Report

The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their lowest level since the US-Iran conflict began in February. According to http://Oilprice.com, crude oil fell from $76.75 per barrel on Tuesday to $73.50 on Wednesday, extending the decline in oil prices since the United States […]

aadelekepdnlimited-com
25th June 2026
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Petrol price rose 55% to ₦1596/litre in May — NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, rose by 55.31 per cent year-on-year to N1,596.25 per litre in May 2026. The figure was higher than the N1,027.76 per litre recorded in May 2025. This is according to the latest report from the National Bureau of Statistics. The data showed that […]

aadelekepdnlimited-com
24th June 2026
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FCT motorists lament high fuel cost despite oil drop

Many motorists in the Federal Capital Territory have expressed concern about the high cost of fuel despite a drop in global oil prices. According to them, many filling stations across the FCT have yet to adjust their fuel pumps to reflect the price drop. The News Agency of Nigeria reported that the price of crude […]

aadelekepdnlimited-com
21st June 2026
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Petrol may fall to ₦900/litre amid US-Iran truce — Marketers

The price of Premium Motor Spirit (petrol) may drop to as low as N900 per litre in the coming days if the proposed peace deal between the United States and Iran materialises and crude oil prices continue their downward trend, industry operators have stated. Recent developments in the Middle East have triggered a sustained decline […]

aadelekepdnlimited-com
15th June 2026
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Tag: petrol price

Petrol depot prices drop nationwide amid rising competition

Dangote Refinery resumes naira petrol sales at ₦1,215/litre

Marketers halt fuel purchases as ex-depot price hits ₦1,220/litre

Dangote Refinery cuts petrol price by ₦1 as brent crude surges

Dangote Refinery, marketers cut petrol, diesel depot prices

Why pump prices don’t follow daily crude costs — Dangote Refinery

Dangote blames importers as fuel prices stay above ₦1,000/litre

Marketers threaten shutdown if FG enforces petrol price control

Petrol remains costly despite $73/barrel crude oil price — Report

Petrol price rose 55% to ₦1596/litre in May — NBS

FCT motorists lament high fuel cost despite oil drop

Petrol may fall to ₦900/litre amid US-Iran truce — Marketers

Keyamo to update Tinubu on aviation unions, airlines’.

Iran insists Strait of Hormuz remains blocked despite.

50,000 police constables recruitment nears training stage —.

Naira stable at ₦1,364/$ at official FX market

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