fuel price

The Digest: The Dangote Petroleum Refinery has reduced its ex-depot petrol price by N49 to N828 per litre, signaling a significant shift in Nigeria's downstream oil sector. This price reduction coincides with the refinery's ramp-up to a record 1.4 million barrels per day, positioning it to...

The Digest: President Bola Tinubu has approved a 15% import duty on petrol and diesel, a move expected to push the pump price of petrol above N1,000 per litre for most Nigerians. According to the Daily Post, the new duty will add nearly N100 to the current cost of a litre, increasing the...

The Digest: The landing cost of imported petrol has fallen to ₦839.97 per litre, undercutting the Dangote Refinery's price of ₦877 per litre. This development, confirmed by industry associations, signals increased price competition in Nigeria's newly liberalized downstream petroleum sector...

The Digest: A reduction in the price of Premium Motor Spirit (petrol) is expected across Nigeria in the coming days, following the resumption of loading activities at the Dangote Refinery. According to Daily Post, the Independent Petroleum Marketers Association of Nigeria confirmed its members...

The Digest: The retail price of Premium Motor Spirit (PMS) from Dangote Refinery has surged to N950 per litre at major outlets in Abuja, including MRS, Ardova, and Optima stations. This N100 increase comes despite the refinery’s large-scale production capacity and recent government initiatives...

The Digest: As the cost-of-living storm intensifies for many Nigerians, the price of Premium Motor Spirit (petrol) has surged alarmingly close to N1,000 per litre. This new spike, attributed to supply constraints and operational glitches at the Dangote Refinery, has sparked a fresh wave of...

The cost of essential household energy continues to climb as the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has recorded a sharp increase in major Nigerian cities. Market checks in Abuja reveal the price of 1kg of gas has risen to ₦1,500, while a 12.5kg cylinder now...

The Digest: In a familiar rhythm of economic strain, the cost of mobility shifts upward once more. The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) to N905 per litre at its retail outlets in Abuja, a N15 rise attributed to...

In a critical move to prevent nationwide economic disruption, the Federal Government has stepped into a fierce dispute between a corporate giant and a major union. Key Points: The Federal Government has appealed to PENGASSAN to suspend its planned nationwide strike. The strike is over...

The Digest: Dangote Refinery has announced a nationwide reduction in petrol prices and confirmed September 15, 2025, as the new start date for its direct distribution initiative using CNG trucks. Key Points: The refinery's new gantry price remains N820 per litre Retail prices reduced to...

The Digest: Barely 48 hours after suspending its nationwide strike, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to resume industrial action, accusing the Dangote Refinery of violating the agreement brokered by the Department of State Services (DSS) and...

The Digest: The nationwide industrial dispute between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery has crippled fuel lifting operations, leading to a severe disruption in product supply. With fuel depots completely shut down, a source warns that filling...

The Digest: A high-level meeting aimed at resolving the conflict between the Federal Government, NUPENG, and Dangote Group ended in a deadlock. Despite efforts to address the ongoing strike and fuel price hikes, no agreement was reached. Key Points: The consultative meeting on September 8...

The Digest: The National Bureau of Statistics (NBS) has reported that the average national retail price of petrol increased by 33.02% year-on-year in July 2025. This rise, which has contributed to The Price Paradox, comes despite a month-on-month decrease and a recent drop in crude oil prices...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced petrol prices by N10 in Lagos and Abuja. Prices are now N865 per litre in Lagos and N890 per litre in Abuja, down from N875 and N900 respectively. This follows previous price fluctuations and aligns with NNPC's aim to...

The Digest: Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N850 to N820 per litre. The move, effective from August 12, 2025, is part of the company’s commitment to national development. Key Points...

The Digest: Dangote Refinery has raised the ex-depot price of Premium Motor Spirit (PMS) from N820 to N850 per litre, marking a N30 hike. This comes after the refinery resumed its petrol sales following a suspension, pushing petrol marketers to pay more for supplies. The price rise will lead...

The Digest: The Nigerian National Petroleum Company (NNPC) has reduced the petrol price to N875 per litre in Lagos and N900 in Abuja, just days after a price hike. This move marks a N40 per litre decrease in both cities, providing some relief for consumers. Key Points: NNPC cuts petrol...

The Digest: Fuel prices in Nigeria have jumped, nearing N1,000 per litre, prompting a blame game between petroleum product marketers and retailers. NNPCL outlets in Abuja, Kogi, and Nasarawa increased prices by N65, causing a nationwide fuel cost hike. 🔹 Key Points NNPCL increased the pump...

The Digest: Nigerian petrol marketers are set to reduce the price of Premium Motor Spirit (petrol) nationwide starting Monday. This anticipated cut follows Dangote Refinery's recent reduction in its ex-depot petrol price, creating Market Ripples across the downstream sector and offering...