Private Depots Increase Petrol Price To ₦900/Litre
Private oil depots in Nigeria have increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦900 per litre. This is a rise from over ₦890 per litre seen over the weekend. The increase is mainly due to the rising cost of crude oil and other global market factors. The cost of […]
Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike
Nigerians are grappling with yet another rise in fuel prices, leaving many concerned about its ripple effects on daily living. Both Dangote Refinery and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) have pointed to higher global crude oil prices as the primary reason behind the increase. On Friday, fuel prices jumped nationwide. Dangote […]
Petrol To Cost More As Depot Owners Raise Price To ₦950/Litre
Petrol prices in Nigeria are expected to rise as depot owners have increased their prices by about 4.74%. This follows the recent rise in crude oil prices, including the price of Nigeria’s Bonny Light, which went up from $73 per barrel to $80 per barrel this week. Some depots have already raised their prices. For […]
Petrol Landing Cost Decreases in Nigeria
In recent news, the cost of landing petrol in Nigeria has dropped significantly. As of November 2024, the landing cost for Premium Motor Spirit (PMS), or petrol, fell to N971 per litre. This is a 20.23% decrease compared to the N1,219 per litre cost recorded in August 2024, according to the Major Energies Marketers Association. […]