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 […]
NNPCL reduces fuel price again
The Nigerian National Petroleum Company Limited (NNPCL) has once again reduced the pump price of petrol at its retail outlets. The new price now stands at ₦815 per litre, down from the previous ₦835, representing a reduction of ₦20. The change was observed at several NNPCL filling stations across Abuja on Monday morning. The price […]
Fuel price reduction: Dangote Refinery, petrol marketers clash over reason for drop
The recent drop in petrol prices has sparked a disagreement between Dangote Refinery and petroleum marketers, with both sides offering different explanations for the reduction. While Dangote insists the price cut is a result of its efforts to stabilise the market and make fuel more affordable for Nigerians, some marketers argue that competition and changing […]
Nigerian govt suspends implementation of 15% petrol import duty
The Nigerian government has announced the suspension of the planned 15% petrol import duty, following concerns over its potential impact on fuel prices and the economy. The decision comes after widespread criticism from stakeholders in the oil and energy sectors, as well as from the general public, who feared the levy would lead to higher […]
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 […]
Fuel landing cost drops, now cheaper than Dangote Refinery’s petrol price
The landing cost of imported petrol in Nigeria has dropped to ₦839.97 per litre as of October 21, 2025, making it cheaper than petrol produced by the Dangote Refinery, which sells for ₦877 per litre. This information was disclosed in the latest energy price bulletin released by the Major Energy Marketers Association of Nigeria (MEMAN). […]
Fuel price drop imminent as marketers resume loading at Dangote Refinery
Nigerians may soon experience a drop in fuel prices as petroleum marketers confirm that loading activities have resumed at the Dangote Refinery. This development follows weeks of fuel supply shortages and rising pump prices across the country. The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, told DAILY POST that its […]
Nigerian marketers reduce fuel prices as FG shuts down economy in honour of Buhari
Nigerian fuel marketers have decided to lower the cost of petrol, starting from Tuesday, July 15. This decision comes as the Nigerian government shuts down operations for the day due to a public holiday declared in honour of the late former President Muhammadu Buhari. Abubakar Maigandi, who leads the Independent Petroleum Marketers Association of Nigeria […]
Garba Shehu dismisses reports that Buhari removed fuel subsidy so as to pitch Nigerians against Tinubu
Garba Shehu, who was the media aide to former President Muhammadu Buhari, has dismissed claims that Buhari removed fuel subsidy just to make life hard for President Bola Tinubu’s new government. He spoke to journalists in Abuja on Tuesday, July 1, to clear the air about the issue. Some Nigerians believe that Buhari purposely delayed […]
Why Oil Companies Are Leaving Nigeria – PENGASSAN
Oil companies are steadily pulling out of Nigeria, and PENGASSAN, the union for senior oil and gas workers, says worsening insecurity is the main reason. On Monday, the group raised concerns that even with the Federal Government’s new efforts to lower costs, the real problem—violence and insecurity, especially in river areas—remains unresolved. They believe insecurity […]