nigeria fuel prices

  1. Fuel Prices Set to Rise in Nigeria Following Depot Price Increases

    Nigeria Fuel Prices Set to Rise in Nigeria Following Depot Price Increases

    Petrol prices in Nigeria are set to rise as depot prices for petrol and diesel increase due to a surge in Brent crude oil prices. Major depots have raised petrol prices to between N950 and N960 per litre. The hike is expected to affect the cost of goods and services. A price increase for petrol...
  2. NNPCL Follows Dangote's Lead, Cuts Petrol Prices to ₦899 per Litre

    Nigeria NNPCL Follows Dangote's Lead, Cuts Petrol Prices to ₦899 per Litre

    NNPCL has reduced petrol prices to ₦899 per litre, aligning with Dangote Refinery's recent price cut. This move, reflecting the impact of deregulation in Nigeria's fuel sector, is expected to foster competition and lower prices further, benefiting consumers. Price reductions continue to be...
  3. Dangote and MRS Offer Petrol at ₦935 Per Litre Nationwide

    Nigeria Dangote and MRS Offer Petrol at ₦935 Per Litre Nationwide

    Dangote Refinery has partnered with MRS to sell petrol at ₦935 per litre nationwide. This price reduction follows the Nigerian National Petroleum Company’s recent price cuts, reflecting the positive impact of the naira-for-crude swap deal on the Nigerian economy. The initiative aims to provide...
  4. Nigerians Brace for Higher Costs as NNPC Raises Petrol Prices Again

    Nigeria Nigerians Brace for Higher Costs as NNPC Raises Petrol Prices Again

    The Nigerian National Petroleum Company (NNPC) has increased petrol prices, now N1,025 per liter in Lagos and N1,050 in Abuja. This rise follows previous increases and reflects ongoing economic pressures. The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium...
  5. FG: We’re Not Responsible for Petrol Price Hike, Cites Global Factors

    Nigeria FG: We’re Not Responsible for Petrol Price Hike, Cites Global Factors

    The Nigerian government has distanced itself from the recent petrol price hike, now reaching N1,030 per liter. Minister Mohammed Idris attributed the increase to global market volatility and stated that the NNPCL acted independently under the Petroleum Industry Act. Public reactions express...
  6. OPEC: Nigeria’s Fuel Price Hike Driven by Taxation, Not Producers

    Nigeria OPEC: Nigeria’s Fuel Price Hike Driven by Taxation, Not Producers

    Nigeria's rising fuel prices have raised public concern, with many blaming local producers like Dangote Refinery. However, OPEC emphasizes that taxes imposed by major oil-consuming nations are primarily responsible. OPEC's Secretary-General urges the Nigerian government to address multiple...
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