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 hikes petrol price to N915 in Lagos, N945 in Abuja
The Nigerian National Petroleum Company (NNPC) has increased the cost of petrol. In Lagos, a litre now sells for N915, while in Abuja, it is N945. This is a jump of N45 in Lagos and N35 in Abuja when compared to the previous prices of N870 and N910 per litre. Other petrol stations are also […]
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 […]
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 […]
Rising Petrol Prices Have Rendered N70,000 Minimum Wage Useless
The Nigeria Labour Congress (NLC) has raised alarms over the ongoing struggles faced by Nigerian workers due to rising petrol prices. According to the NLC, the sharp increase in fuel prices has nullified the benefits of the proposed N70,000 minimum wage, even before its implementation. This has added to the frustration and suffering experienced by […]
Nigeria’s Petrol Price Hike: Cultural Groups Demand Immediate Action
Nigerians are facing tough times as petrol prices have soared dramatically, placing a heavy burden on the economy and everyday life. Recently, the pump price of Premium Motor Spirit (PMS) jumped from about N600 to over N855 per liter, with some regions reporting prices as high as N1,400 per liter. This has led to a […]
NNPCL Attributes Petrol Price Hike to Forex and Market Forces
The Nigerian National Petroleum Company Limited (NNPCL) has recently faced criticism for the sharp increase in the price of Premium Motor Spirit (PMS), commonly known as petrol. According to the company, this hike is not a result of its policies, but is largely driven by external factors, specifically foreign exchange rates and the natural forces […]
Petrol Price Hits N2,000 per Liter in Adamawa Due to IPMAN Strike
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Adamawa/Taraba region is continuing its strike, leading to petrol prices reaching N2,000 per liter. Dahiru Buba, the IPMAN Chairman, told the News Agency of Nigeria in Yola that the strike is due to continuous harassment and unlawful seizures of petrol tankers by the Nigeria Customs […]