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Tag: petrol price

NNPCL sets fuel price above N1000 per litre
featured Oil and Gas

NNPCL slashes petrol price to N835/ltr

The Nigerian National Petroleum Company Limited has reduced the pump price of petrol for the third time in December 2025. According to Daily Post, monitoring fuel stations across Abuja on Thursday, it was observed that NNPCL lowered the price of petrol to N835 per litre from the previous N915. The adjustment represents a reduction of […]

featured Oil and Gas

Dangote Refinery PMS supply to crash petrol prices — IPMAN

The Independent Petroleum Marketers Association of Nigeria has called on its members nationwide to patronise the Dangote Petroleum Refinery in the purchase of Premium Motor Spirit noting that the refinery currently offers the most affordable prices for marketers, even as free delivery is expected to commence in January 2026. The association expressed satisfaction over a […]

featured Oil and Gas

Dangote Refinery slashes petrol price to N699

The Dangote Petroleum Refinery has announced a major reduction in the ex-depot price of Premium Motor Spirit, bringing the rate down from N828 to N699 per litre. This new benchmark price, updated and published on Friday by Petroleumprice.ng, represents a N129 drop, which is approximately a 15.6 per cent reduction. A senior official of the […]

featured Oil and Gas

Dangote denies import duty influenced 5.6% petrol price cut

The Dangote Petroleum Refinery has officially debunked reports suggesting that recent reductions in petrol pump prices were due to the Federal Government’s purported suspension of the 15 per cent import duty on petrol and diesel. The company categorically described the claims circulating in the media as false, misleading, and inconsistent with actual market realities. The […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote Refinery raises petrol price to ₦877 as operations fully resume

The Dangote Petroleum Refinery resumed full operations on Thursday, simultaneously raising the gantry price of Premium Motor Spirit, commonly known as petrol, by seven per cent, from ₦820 per litre to ₦877 per litre. According to Vanguard, oil marketers who purchase large volumes of two million litres and above would benefit from this relatively low […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Petrol still ₦865/L despite Dangote’s free delivery

Despite receiving petrol from the Dangote Refinery at ₦820 per litre without incurring logistics costs, its marketing partners have yet to reduce pump prices at their filling stations. Findings on Sunday showed that major partners such as Heyden, AP, MRS, and others continued to sell petrol at ₦865 per litre, according to The Punch. The […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

Dangote sells petrol N65 cheaper in Togo than Nigeria – Marketers

Some fuel importers in the country have alleged that the Dangote refinery sells a litre of petrol to international traders at N65 cheaper than the amount it gives the product to marketers in Nigeria. The Depot and Petroleum Product Marketers Association of Nigeria and the Petroleum Products Retail Outlet Owners Association of Nigeria confirmed this […]

News

Petrol prices hit N900/ litre amid falling crude prices

Filling stations have increased petrol prices to N900 per litre and above, despite a recent drop in crude oil prices since Sunday. Some retail outlets operated by the Nigerian National Petroleum Company Limited raised petrol prices to N900 per litre in Lagos and Ogun states, even as crude oil prices fell from nearly $69 to […]

News

Petrol price falls to N925 per litre at private depots

The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday, reflecting a N27 decrease from the N952 offered by the highest-selling depot last Friday. Marketers attributed the reduction to Dangote Petroleum Refinery’s decision to lower its ex-depot price of PMS from N950 to N890 per litre, effective Saturday. […]

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