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Tag: petrol price

featured Oil and Gas

We cut fuel price to ease Nigerians’ burden — Dangote Refinery

The management of Dangote Petroleum Refinery has announced a latest price reduction aimed at easing the sufferings of Nigerians. The refinery made this known in a statement issued on Wednesday. It stated: “This decision underscores our commitment to maintaining a pricing structure that remains sensitive to global market trends and reflective of our principles of […]

Oil and Gas

Dangote Refinery slashes petrol price by ₦100 to ₦1,075

Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil. This marks the first downward adjustment after several sharp increases recorded in recent days. According to the refinery’s latest pricing template released on March 10, 2026 as seen on petroleumprice.ng, the gantry price of petrol has been cut by […]

PETROAN dismisses fuel scarcity fears amid naira-for-crude controversy
featured Oil and Gas

BREAKING: Dangote refinery raises petrol price to ₦875/litre amid crude surge

The Dangote Petroleum Refinery has raised its Premium Motor Spirit gantry price by N101 per litre, increasing the ex-depot rate from N774 to N875 per litre. This adjustment has intensified worries about impending nationwide fuel price hikes. A senior official at the refinery confirmed the change to The PUNCH on Monday. The official explained that […]

featured Oil and Gas

Experts warn of petrol price surge amid US-Iran war

Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in petrol and diesel prices if global crude oil prices surge above $90 per barrel amid escalating tensions between the United States and Iran, according to The PUNCH. The warning follows hostilities in the Middle East that triggered fresh volatility in […]

featured

Petrol price to hit ₦1,000 per litre amid global surge

The pump price of Premium Motor Spirit could climb to about ₦1,000 per litre in the coming days following a sharp rise in global crude oil prices. Fuel marketers said Saturday that crude prices jumping above $70 per barrel may lead to another round of increases in the cost of both imported and locally refined […]

featured Oil and Gas

Dangote petrol now costlier than imported fuel after price hike

The landing cost of imported Premium Motor Spirit (petrol) has fallen below the gantry price of petrol from the Dangote Petroleum Refinery following the refinery’s decision to increase its price. Data from the Major Energies Marketers Association of Nigeria indicate that the landing cost of imported petrol stood at N728.88 per litre last week. On […]

MTN, Banking stocks fuel NGX's bullish run
featured Oil and Gas

Fuel price hike looms as crude oil crosses $66/barrel

Pump prices of Premium Motor Spirit, also known as petrol, alongside other refined petroleum products such as Automotive Gas Oil and Household Kerosene, may rise soon following an increase in global crude oil prices. Crude oil, which serves as the primary feedstock for refined petroleum products, crossed the $66 per barrel mark on Wednesday, raising […]

featured Oil and Gas

Petrol price war deepens as stations sell below Dangote’s rate

The competition in Nigeria’s downstream petroleum sector has intensified as several filling stations have reduced the pump price of Premium Motor Spirit below the N739 per litre benchmark recommended by the Dangote Petroleum Refinery. Following the Dangote refinery’s decision in December to slash petrol prices from about N900 to N739 per litre, importers and depot […]

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