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Tag: petrol price

Lekki Deep Seaport berths largest container ship on Nigerian waters
Oil and Gas

129,000MT petrol vessels arrive Lagos amid surging fuel prices

As Nigerians contend with rising petrol prices, vessels carrying 129,000 metric tonnes of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) are expected to dock at Lagos Ports between March 14 and 17, 2026. This came as officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority explained why some importers were still importing […]

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 […]

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