petrol price

The Digest: A fierce price war has broken out in Nigeria’s petroleum sector, with some retailers selling petrol below the N739 per litre benchmark set by the Dangote Refinery. As competition intensifies, motorists are benefiting, but marketers warn of mounting losses in a storm of...

The Digest: The average retail price of petrol fell to N1,061.35 in November 2025, marking a significant 12.59% decrease compared to the same period last year. However, the price experienced a slight month-on-month increase, highlighting the ongoing volatility in Nigeria's fuel market despite...

The Digest: Dangote Petroleum Refinery has officially slashed the pump price of petrol to ₦739 per litre across all MRS Oil Nigeria stations nationwide, positioning the move as a decisive market intervention ahead of the festive season. Key Points: The new price is effective across MRS’s...

The Digest: Aliko Dangote has announced that filling stations, including MRS outlets, will begin dispensing petrol at ₦739 per litre in Lagos from Tuesday, following his refinery's ex-depot price reduction to ₦699. Key Points: Dangote set a target of keeping petrol below ₦740 nationwide in...

The Digest: Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦828 to ₦699 per litre. According to pricing data, the 15.6% drop marks the refinery’s 20th price adjustment this year, aligning with Aliko Dangote’s pledge to maintain competitive, affordable fuel. Key...

The Digest: Aliko Dangote, President of Dangote Group, has stated that his refinery will continue to reduce the price of petrol in Nigeria to directly compete with imported fuel. Speaking after a meeting with President Bola Tinubu, Dangote highlighted price reductions, smuggling challenges...

The Digest: The Nigerian Government has suspended the implementation of a 15% import duty on petrol and diesel, following widespread concerns over potential price increases. The NMDPRA has assured citizens of adequate fuel supply nationwide and warned against panic buying, marking a temporary...

The Digest: A fierce price war has broken out in Nigeria's petroleum market as importers drop petrol prices below what the Dangote Refinery offers, directly challenging the billionaire's call for a ban on fuel importation. This aggressive move by marketers signals a crucial test for market...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N895 per litre in Abuja and N865 per litre in Lagos. This fuel price drop reflects an ongoing shift in the downstream petroleum sector. Key...

The Dangote Refinery has reduced petrol prices to between ₦875 and ₦905 per litre, depending on location — a move that could bring slight relief to Nigerians grappling with high fuel costs. New petrol prices range from ₦875 to ₦905 per litre The rate varies by region but applies nationwide The...