Nigerian filling stations reduce fuel price as landing cost drops
Fuel prices in Nigeria have started dropping as filling stations adjust pump rates following a decline in landing cost. According to reports, marketers are reducing prices in several states and major cities to reflect the lower cost of importing petrol into the country. This development comes as many Nigerians continue to struggle with high living […]
Nigerian govt to earn N796bn yearly from 5% petrol surcharge
The Nigerian government is projected to make about N796 billion each year through a new 5% surcharge on both locally made and imported petrol. This tax will become active starting January 1, 2026, following the introduction of new tax laws. President Bola Tinubu approved four new tax laws on June 26, 2025. One of these […]
Dangote Refinery reduces fuel price as petrol marketers hold emergency meeting
Dangote Refinery has reduced the price of petrol at its depot from N880 to N840 per litre. This change is expected to help reduce the cost of fuel across the country. The president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the price cut in an interview. He said marketers are […]
Filling stations shut after Dangote Refinery’s petrol price drop
Some fuel stations in Abuja have stopped selling petrol after Dangote Refinery lowered its petrol price to N835 per litre on April 16, 2025. For the past five days, stations like MRS along Kubwa Expressway have been closed. An MRS worker said they are unable to sell their old petrol stock without losing money because […]