Fuel Price Archives - Voice of Liberty NG

Ɗangote cuts fuel price to ₦1,200 amid falling oil prices

April 9, 2026April 9, 2026 Aminu Imam

Ɗangote Petroleum Refinery has slashed the ex-gantry price of Premium Motor Spirit (PMS) to ₦1,200 per litre, reversing a recent hike. The reduction of ₦75 per litre comes after the price was earlier raised to about ₦1,275 per litre due to surging global crude oil costs. Industry insiders say the new price adjustment mirrors recent shifts in international oil markets. Global crude prices have dropped sharply in the past few days, providing relief to local fuel pricing. Brent crude fell to $95.05 per barrel – a 13 percent decline –…

NNPCL slashes petrol price by ₦80, 48hrs after previous adjustment

December 20, 2025December 20, 2025 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, just 48 hours after its previous adjustment. A survey of filling stations in Lagos and the Federal Capital Territory (FCT), Abuja, on Thursday revealed that several NNPCL outlets have adjusted their prices downward. In Lagos, petrol now sells at ₦840 per litre, representing a 35% reduction from the previous price of ₦875. In Abuja, the pump price dropped to ₦835 per litre from ₦915, marking a significant decrease of ₦80.…

Nigerians Face Double Energy Burden: Cooking gas price jumps 44.5%, as FG set to introduce petrol tax

September 5, 2025September 5, 2025 Aminu Imam

Nigerian households are bracing for tougher times, as rising energy costs and a newly announced petrol consumption tax threaten to stretch already fragile incomes. According to the National Bureau of Statistics (NBS), the average retail price for refilling a 12.5 kilogram cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, rose by 44.51 percent year-on-year in July 2025. The price jumped from ₦14,261.57 in July 2024 to ₦20,609.48 in July 2025. The NBS report, published on Tuesday, shows that while there was a modest month-on-month decline of 1.91…

‘Petrol should be ₦700-₦750/litre’, PENGASSAN insists

June 17, 2025June 17, 2025 Aminu Imam

…Accuses marketers of exploitation President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Festus Osifo, has claimed that the recurring shutdowns of Nigeria’s state-owned refineries are driven more by political motives than operational challenges. PENGASSAN also accused petroleum marketers of exploiting Nigerians through inflated petrol prices, insisting that the current pump price of Premium Motor Spirit should range between ₦700 and N750 per litre. Speaking at a world press conference on Nigeria’s Oil and Gas industry and state of the nation yesterday in Abuja, Osifo said…

Price War: Marketers sign deal with global suppliers to crash fuel price to ₦700/litre

June 11, 2025June 11, 2025 Aminu Imam

Major petroleum product marketers in Nigeria have reportedly inked a deal with prominent global petrol suppliers to import cheaper products that will sell below Ɗangote and NNPCL retail outlets. According to reports, the deal will see the marketers selling petrol at about ₦700 per litre, far cheaper than what is obtained at NNPCL and Ɗangote Refinery partner stations. Recall that it was earlier reported that the Independent Petroleum Marketers Association of Nigeria, (IPMAN), asked the Ɗangote Refinery to lower its petrol prices below ₦800 per litre. IPMAN’s publicity secretary, Chinedu…

Petrol: Ɗangote Refinery raises price to ₦955/litre

January 18, 2025January 18, 2025 Aminu Imam

…As crude oil hits $82/barrel The Ɗangote Petroleum Refinery has announced a hike in the price of Premium Motor Spirit (PMS), a.k.a petrol, citing the rising cost of crude oil in the global market. The new pricing structure, released in a statement yesterday, sets the bulk purchase price of Premium Motor Spirit (PMS) at ₦955 per litre for buyers purchasing between 2 million and 4.99 million litres, while those buying 5 million litres or more will pay ₦950 per litre. This adjustment marks a 6.17% increase, equivalent to ₦55.5 per…

NNPCL, ?angote slashes petrol price

December 22, 2024December 22, 2024 Aminu Imam

…?angote commends Tinubu�s naira-for-crude swap deal Days after the Dangote Refinery slashed its own price to ?899.50, the Nigerian National Petroleum Company Limited (NNPCL) has also reduced price of petrol to to ?899 per litre. The Petroleum Products Retail Outlets Owners Association of Nigeria’s National Public Relations Officer, Dr. Joseph Obele, who confirmed the development in an statement yesterday, said: �The NNPCL has taken a significant step in response to the competitive impact of deregulation in the downstream sector. �The company recently reduced the ex-depot price of Premium Motor Spirit…

?angote slashes petrol price to ?899/litre�

December 20, 2024December 20, 2024 Aminu Imam

…Fuel marketers panic, cancel orders from abroad ?angote Petroleum Refinery has reduced the ex-depot price of its premium motor spirit (PMS), also known as petrol, to ?899.50 per litre, causing fear and anxiety among petroleum marketers. The Group Chief Branding and Communications Officer, Anthony Chiejina, who announced the development in a statement on Thursday, said, �?angote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to below ?900 per litre, in order to provide much-needed relief for Nigerians ahead of the holiday season. �Africa�s first privately-owned…

“Skyrocketing energy price impacting security” � Afenifere tells FG��

October 20, 2024October 20, 2024 Aminu Imam

The pan-Yoruba socio-political organisation, Afenifere, has said the high cost of energy impacts health and security just like it does to the economy. Afenifere�s remark, made yesterday, is in reaction to the price of a litre of petrol now going for between N1,000 and N1,400, a kilogramme of cooking gas is about N1,500. As of 2023, a litre of fuel was N197 while a kilogramme of gas was about half the current price. In its latest report, the National Bureau of Statistics, (NBS), indicated that inflation rates have risen to…

“Severity of fuel price hikes unbearable” � Leaders tell Tinubu

October 10, 2024October 10, 2024 Aminu Imam

Amid rising petrol prices and the resulting economic strain, leaders from the Nigerian Baptist Conference, ex-Senator Shehu Sani, and former Kaduna State Christian Association of Nigeria (CAN) Chairman, Rev. Joseph John Hayab, have urged President Bola Ahmed Tinubu to intervene in the interest of the masses. Speaking at the 64th Baptist Ministers Conference in Kaduna yesterday, the leaders highlighted the severe impact of fuel price hikes on Nigerians� daily lives. Senator Sani, who represented Kaduna-Central in the 8th Assembly, acknowledged the widespread suffering caused by economic reforms. He stressed that…