fuel price

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...

Relief trickles slowly, but Nigerians are seeing modest drops in petrol prices as independent marketers respond to Dangote Refinery’s recent ex-depot price cut. In a country where each naira saved matters, the change may offer short-term breathing space. According to reports from Daily Post...