Petrol price stood at N1,214.17 in November 2024 – NBS
The National Bureau of Statistics (NBS) has published its latest report on fuel prices, showing sharp increases in the average prices of petrol and diesel across Nigeria in November 2024. According to the Petrol Price Watch report, the average price of a litre of petrol rose to N1,214.17 in November 2024 from N648.93 in November […]
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 […]
Dangote Says It’s Time for Nigeria to Stop Petrol Subsidy
In a recent interview, Aliko Dangote urged the Nigerian government to stop petrol subsidies, stressing it is no longer sustainable for the country. Aliko Dangote, the founder of Dangote Petroleum Refinery, has called for an end to Nigeria’s petrol subsidy. In a conversation with Bloomberg TV on Monday, September 24, he explained why it’s the […]
Dangote Refutes NNPCL’s Claim of Selling Petrol at ₦898 Per Litre
The Dangote Refinery has denied reports from the Nigerian National Petroleum Company Limited (NNPCL) that it sold petrol to them at a high price of ₦898 per litre. According to a statement made on Sunday, Anthony Chiejina, a spokesperson for the Dangote Refinery, dismissed NNPCL’s claim, calling it both “misleading” and “deceitful.” He said, “Our […]