BREAKING: Dangote Refinery slashes petrol price to N1,200/litre
Dangote Refinery has reduced the price of petrol, bringing down the ex-gantry cost of Premium Motor Spirit (PMS) by N75 to N1,200 per litre, according to industry sources. This price drop comes shortly after the refinery had increased petrol to about N1,275 per litre, blaming the earlier rise on global oil market instability that raised […]
Domestic Refining: Petrol Price Lower In Nigeria Than US, UK, Ghana, Others
Nigeria continues to rank among countries with relatively low petrol prices, even as global energy costs rise. Recent data shows that fuel remains more affordable locally compared to several major economies and African neighbours. According to global pricing reports, petrol in Nigeria averages about $0.88 per litre. This is far below the global average, showing […]
Nigeria, Vietnam have highest fuel price hikes worldwide amid Iran, US-Israel war
Nigeria and Vietnam have experienced the largest fuel price increases worldwide since the February 28, 2026, escalation of the Iran-US-Israel conflict. The war has disrupted global oil markets, pushing crude prices higher and affecting domestic pump prices. The Gulf region turmoil has caused interruptions in trade through the Strait of Hormuz and impacted Middle Eastern […]
Dangote Refinery-backed MRS filling station increases fuel pump price
Dangote Refinery-backed MRS filling stations have raised their petrol pump price nationwide, following a gantry price increase by the refinery. In Abuja, the new retail price is N1,267 per liter, up from N1,167, representing a N100 increase. An MRS manager confirmed the hike, attributing it to the recent rise in the refinery’s gantry price. Optima […]
NNPC Cuts Petrol Price By N100 In Lagos, N95 In Abuja
The Nigerian National Petroleum Company Limited (NNPC) has lowered petrol prices at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. This reflects a N100 drop in Lagos and N95 in Abuja from previous rates. Several NNPC stations in Lagos, including Isheri Oshun Road, Apple Junction, and Ago Palace […]
IPMAN Urges Federal Government To Slash Crude Oil Costs For Dangote Refinery
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Garima, has urged the Federal Government of Nigeria to reduce the price of crude oil supplied to the Dangote Petroleum Refinery. He said the move could help reduce the rising cost of petrol across the country. Garima explained that petrol prices, also known […]
Again, Dangote Refinery increases petrol price to N1,175, diesel to N1,620
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS) to N1,175 per litre, up from N995, marking the third increase in a single week. Diesel prices were also adjusted to N1,620 per litre. The N180 jump in PMS within three days represents an 18.1% increase, reflecting rising costs in the domestic […]
Dangote Refinery commits to energy stability amid global refineries shutdown
Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to ensuring stable energy supply in Nigeria despite global refinery shutdowns and crude supply disruptions. The ongoing Middle East conflict and China’s ban on gasoline and diesel exports have caused shortages and rising crude prices worldwide. The company noted that Nigeria is insulated from these shocks […]
NNPCL increases petrol price in Lagos, Abuja
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol in Lagos and Abuja. Motorists in Lagos will now buy petrol at ₦835 per litre, while the price in Abuja has risen to ₦839 per litre. The new rates took effect across NNPCL retail outlets on Wednesday. The price adjustment comes […]
Dangote Refinery resorts to gasoline imports amid RFCC downtime
Dangote Refinery is facing fresh operational pressure as its Residual Fluid Catalytic Cracker (RFCC) remains shut for a prolonged period. According to global commodities intelligence firm Kpler, the downtime has limited the refinery’s ability to fully process crude, forcing it to adjust operations to keep other units running. To manage the challenge, the 650,000 barrels-per-day […]