petrol prices
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Nigeria Dangote Refinery Responds to Petrol Pricing Allegations: "Fake News!"
Dangote Refinery has dismissed claims of selling petrol at N1,015 to N1,028 per litre as "fake news." The refinery's response follows accusations from oil marketers, who suggested importing petrol instead, citing lower landing costs. On Saturday, Dangote Refinery strongly refuted claims that it...- Nigeria News
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- 1 min read
- dangote refinery fake news nigeria fuel market oil marketers petrol prices
- Category: Business
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Nigeria Pricing Controversy: Dangote Refinery Snubs Marketers, Fuels Uncertainty in Fuel Market
The Dangote Refinery faces backlash from oil marketers over its refusal to allow direct petrol lifting. Leaders from IPMAN and PETROAN express frustration at the lack of communication, which could impact petrol prices that currently range from N950 to N1,200 per liter amid recent market changes...- Nigeria News
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- 2 min read
- dangote refinery nigeria fuel supply oil marketers petrol prices
- Category: Business
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Nigeria Afe Babalola Honored for Contributions, Challenges NNPC’s Fuel Control
Chief Afe Babalola has urged the Nigerian National Petroleum Company to allow Dangote Refinery to sell petrol directly to consumers at lower rates, promoting competition and benefiting Nigerians. He received the “Outstanding Achiever of All Time” award from the Ekiti-Kete Coalition in the U.S...- Nigeria News
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- afe babalola dangote refinery nigeria fuel market nnpc petrol prices
- Category: Business
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Nigeria Fuel Pricing Confusion: IPMAN Questions NNPCL’s Strategy with Dangote Petrol
The Independent Petroleum Marketers Association of Nigeria (IPMAN) questions the pricing of petrol from Dangote Refinery, which is higher than imported petrol. NNPCL's claim of acquiring Dangote petrol at N898 per litre has been disputed by the refinery, raising concerns about pricing...- Nigeria News
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- dangote petrol fuel crisis ipman nigeria nnpcl pricing petrol prices
- Category: Business
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Nigeria NNPCL Releases September Petrol Prices: Lagos at N950, Borno at N1,019
The Nigerian National Petroleum Company Limited (NNPCL) has announced petrol prices for September 2024, sourced from Dangote Refinery. Prices will vary across Nigeria, with Lagos at N950.22 per litre and Borno at N1,019.22. NNPCL will pay in dollars for September, switching to Naira in October...- Nigeria News
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- dangote refinery nigeria fuel cost nnpc petrol prices pms pump price
- Category: Business
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Nigeria NLC Raises Alarm: Petrol Prices Could Surge to N5,000 Per Litre
Benson Upah, spokesperson for the Nigeria Labour Congress (NLC), warns that petrol prices could reach N5,000 per litre, following recent increases contrary to government agreements. He emphasizes widespread anger among Nigerians and criticizes the government's failure to alleviate economic...- Nigeria News
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- benson upah nigeria fuel cost nlc petrol prices
- Category: Metro
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Nigeria President Tinubu Justifies Petrol Price Increase to Nigerians in China
President Bola Ahmed Tinubu addressed Nigerians in China, explaining the recent petrol price increase, now between N897 and N1000 per liter. He attributed the rise to tough decisions made by his administration, emphasizing that sacrifices are necessary for improving Nigeria's infrastructure and...- Nigeria News
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- fuel price increase nigerians in china petrol prices tinubu
- Category: Politics
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Nigeria Government Not Responsible for Petrol Prices, Says Petroleum Minister
Heineken Lokpobiri, Nigeria's Minister of State for Petroleum, clarified that the federal government does not fix petrol prices as the sector is deregulated. He assured citizens of adequate supply, urging against panic buying, and stated that prices will stabilize with improved product...- Nigeria News
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- heineken lokpobiri nigeria petroleum sector nnpc petrol price increase petrol prices price deregulation
- Category: Business
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Nigeria Heineken Lokpobiri: NNPCL Must Sell Petrol Above N1,117 to Prevent Cross-Border Smuggling
The Nigerian Minister of State for Petroleum Resources, Heineken Lokpobiri, has mandated the NNPCL to sell petrol above N1,117 per litre to combat smuggling. This directive aims to stabilize domestic fuel prices and reduce illegal trade, as petrol is significantly cheaper in neighboring...- Nigeria News
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- heineken lokpobiri minister of state for petroleum nnpcl petrol prices
- Category: Business
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Nigeria Petrol Prices Surge to N1,000/Litre Amid Supply Shortages
Nigeria's petrol crisis intensifies as calls for a market-based pricing mechanism grow. The Nigeria National Petroleum Company (NNPC) faces a $6 billion debt to suppliers, leading to rising fuel prices and shortages. Experts urge the government to eliminate subsidies and implement reforms for...- Nigeria News
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- 2 min read
- fuel shortages market-based pricing nigeria petrol crisis nnpc debt petrol prices
- Category: Business
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Nigeria NMDPRA Vows to Shut Down Petrol Stations Exploiting Nigerians
The NMDPRA has warned petrol stations against selling Premium Motor Spirit (PMS) at inflated prices nearing ₦1,000 per litre. This measure aims to protect Nigerians from price gouging, particularly in light of the significant price differences between NNPCL and independent marketers. The...- Nigeria News
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- 1 min read
- nmdpra nnpc petrol prices premium motor spirit
- Category: Metro
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Nigeria Dangote Refinery Disputes N600 Per Litre Petrol Price Rumors
Dangote Petroleum Refinery has refuted claims that it has set petrol prices at N600 per litre. The refinery's spokesperson, Anthony Chiejina, clarified that it has not engaged with IPMAN on pricing and urged the public to rely on official channels for accurate information as it prepares for...- Nigeria News
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- 1 min read
- dangote refinery ipman petrol prices
- Category: Business
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Nigeria No Way Petrol Can Sell for N300 Per Liter - Nigerian Oil Marketers
Nigerian oil marketing companies argue petrol/gasoline pump prices cannot realistically fall to N300 per liter, contradicting claims that new domestic refineries could enable such low prices. Marketers cite crude costs, forex rates, taxes, and distribution costs as barriers. Major oil marketing...- Nigeria News
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- 2 min read
- gasoline costs n300 per liter nigeria fuel oil marketers petrol prices
- Category: Business
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Nigeria Nigerians Ridicule NNPCL's N10 Fuel Price Drop as Paltry and Insignificant
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N640 per litre to N630 per litre. This decision aims to alleviate the financial burden on consumers amidst concerns over escalating...- Nigeria News
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- 1 min read
- fuel price reduction nigerian national petroleum company limited nnpcl petrol prices petrol subsidy
- Category: Business
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Nigeria Alarm as Fuel Prices in Northern Nigeria Skyrocket to N685 per Liter
In Northern Nigeria, fuel prices have surged to an alarming N685 per liter, causing concern among citizens. Despite the government's approved price bands, some filling stations are selling petrol well above these rates. The price hike began in July when the Nigerian National Petroleum Company...- Nigeria News
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- bola ahmed tinubu channels tv news fuel price today petrol prices petrol scarcity in nigeria
- Category: Metro
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