petrol price

The Digest: The Dangote Petroleum Refinery has reduced its ex-gantry petrol price from N1,275 to N1,200 per litre, a decrease of N75. The refinery also lowered its coastal price to N1,153 per litre. The price cut comes despite a rise in global crude oil prices, with Brent crude reaching...

The Digest: Oil prices plunged to $96 per barrel on Monday after President Donald Trump announced a five-day postponement of military strikes against Iranian power plants and energy infrastructure. Brent crude dropped by 9.47 percent to $96.33, while US West Texas Intermediate fell by 8.99...

Image Credit: Engin Arkyut The Digest: The pump price of petrol has surged to nearly N1,400 per litre across Nigeria, driven by rising crude oil prices amid the escalating Middle East crisis. Crude oil hit almost $120 per barrel last week before settling at $112 over the weekend, prompting...

The Digest: Dangote Petroleum Refinery has raised its ex-depot petrol price to N1,275 per litre, marking the fifth price increase in March. The N30 hike follows Friday's N1,245 announcement, bringing the cumulative increase to N501 per litre (64.7%) from N774 at the month's start. The coastal...

The Digest: Crude oil prices surged to $114 per barrel on Thursday as the US-Israel war on Iran intensified, sparking fresh fears of higher petrol prices in Nigeria. Israeli strikes on Iran's South Pars gas field prompted Iranian retaliation on energy facilities in Qatar and Saudi Arabia, with...

The Digest: The Dangote Petroleum Refinery has reversed its recent price reduction, raising its ex-depot petrol price back to N1,175 per litre, just days after cutting it to N1,075 on March 10. The brief reduction had triggered a surge in buying activity, with depot operators selling at an...

The Digest: The federal government will not intervene to regulate petrol prices amid escalating Middle East tensions, Finance Minister Wale Edun has declared. Speaking on Channels Television, Edun said the government would instead pursue initiatives like the provision of 100,000 additional...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices by N95 per litre following Dangote Refinery's gantry price cut. NNPCL filling stations in Abuja and environs now sell petrol at N1,165 per litre, down from N1,260. Diesel is sold at N1,535 per litre...

The Digest: Dangote Refinery has reduced petrol and diesel prices, cutting petrol by N100 to N1,075 per litre from the previous N1,175, and diesel by N190 to N1,430 per litre from N1,620. According to the latest pricing template issued on March 10, the refinery also set petrol for coastal...

The Digest: Nigerians face deepening hardship as petrol prices soared to N1,300 per litre on Monday, a 24% jump from N1,050, following the consistent rise in crude oil prices to $110 per barrel amid the escalating Middle East crisis. Diesel prices also surged to N1,380 per litre at MRS...

The Digest: Dangote Refinery Managing Director David Bird has revealed that the refinery incurs costs from 47 different government agencies, contributing to the final pump price of petrol. Speaking at a press conference in Lagos, Bird said the Federal Government treats the refinery as a...

The Digest: Dangote Petroleum Refinery has increased its ex-depot prices, raising petrol to ₦1,175 per litre and diesel to ₦1,620 per litre, marking the fourth consecutive price review in less than two weeks. The new pricing, communicated to marketers, represents a significant jump from the...

The Digest: The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned that petrol prices in Nigeria could soar to as high as N2,000 per litre if the Middle East conflict continues. National President Billy Gillis-Harry stated that diesel prices could approach...

The Digest: Petrol prices have breached the psychological ₦1,000 per litre barrier across most Nigerian states, driven by the escalating Middle East conflict that has pushed Brent crude above $115 per barrel. The Dangote Refinery suspended PMS loading over the weekend of March 7-8 due to...

The Digest: Long queues are building at MRS filling stations selling petrol below ₦1,000 per litre, as most other marketers hike prices above the psychological threshold amid the escalating Middle East conflict. MRS stations along the Ibadan/Lagos Expressway still sell at ₦937, attracting...

The Digest: The Dangote refinery has increased its ex-gantry petrol price to N995 per litre, the second hike this week following a N121 jump from the N874 price set just five days ago. Sources at the refinery confirmed the latest review on Friday as global crude oil prices surged to $91 per...

The Digest: The Dangote Petroleum Refinery and oil marketers are locked in a pricing dispute amid escalating Middle East tensions, with data showing imported petrol is about N64 cheaper per litre than Dangote's product. MEMAN data indicates Dangote's gantry price stands at N874, while imported...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) and other filling stations have increased petrol pump prices, with NNPCL outlets in Abuja now selling at N960 per litre, up N85 from Monday's N875. A DAILY POST correspondent confirmed the new prices at NNPCL stations on Kubwa...

The Digest: Nigerian petroleum marketers have warned that retail petrol prices will increase significantly from Tuesday and Wednesday following Dangote Refinery's hike of its gantry price to N874 per litre. The adjustment, triggered by the escalating Iran-US-Israel conflict, comes as crude oil...

The Digest: Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) ex-depot price by N100, raising it to N874 per litre from N774, signaling renewed upward pressure on petrol prices nationwide. A senior refinery official confirmed the adjustment on Monday, attributing the...