petrol price

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...

The Digest: Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N799 to N774 per litre, effective immediately. According to a notice to marketers and industry reports, the price adjustment reflects a recalibration amid shifting market...

The Digest: Dangote Refinery has cautioned that continued reliance on coastal logistics for evacuating petroleum products could raise the pump price of petrol to nearly ₦1,000 per litre. In a statement, the refinery estimated that coastal delivery, transporting fuel by ship along the...

The Digest: The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to N835 per litre in Lagos and N839 per litre in Abuja. The adjustment represents a N50 increase in Lagos and a N20 increase in the capital. This follows a recent price hike by the Dangote...

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...