Tag: Petrol Price

Ɗangote lowers petrol price to ₦1,165, diesel to ₦1,570

Aminu Imam
Dangote lowers petrol price

ÆŠangote Petroleum Refinery has announced a fresh reduction in the ex-depot prices of petrol and diesel, lowering the cost of Premium Motor Spirit (PMS) to ₦1,165 per litre and Automotive Gas Oil (diesel) to ₦1,570 per litre. The new pricing, announced on Wednesday, reduces the ex-depot price of petrol by ₦50 from ₦1,215 per litre, while diesel falls by ₦80 from ₦1,650 per litre. The refinery said the adjustment forms part of its efforts to make refined petroleum products more affordable, improve access to fuel and support economic activity across…

Read More

NNPCL increases petrol price to ₦1,270

Aminu Imam
NNPCL on petrol price

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit, popularly known as petrol, at its retail stations. A market check yesterday showed that NNPCL outlets in Abuja and nearby areas adjusted their petrol price from ₦1,155 per litre to ₦1,270 per litre. The latest adjustment represents an increase of N115 per litre by the state-owned oil company. The development comes as activities in Nigeria’s downstream oil sector continue to face uncertainty. Some NNPCL and MRS filling stations in Abuja were reportedly shut, while…

Read More

Ɗangote reduces petrol gantry price to ₦1,200/litre

Aminu Imam
Dangote reduces petrol gantry price

ÆŠangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to ₦1,200 per litre, while pegging its coastal price at ₦1,153 per litre, a development expected to reshape fuel supply costs across Nigeria’s downstream distribution chain. According to the its Group’s spokesperson, Anthony Chiejina, the price adjustment represents a downward review in the refinery’s pricing template and comes amid heightened uncertainty in the global oil market driven by geopolitical tensions in the Middle-East. “Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol…

Read More

Petrol pump price hits ₦1,380/litre

Aminu Imam
Petrol price hike

…Motorists, passengers lament Passengers have continued to express frustrations over the incessant increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol. From ₦790 per litre in February, petrol pump price has jumped to ₦1,380 in Lagos and Ogun states due to disruptions in oil supply occasioned by the ongoing Middle-East crisis. As the crisis persists, motorists are expressing fresh concerns over a possible increase in petrol prices in Nigeria following the global crude oil prices that surged to $114 per barrel. Most commercial bus drivers…

Read More

Ɗangote raises petrol price to ₦1,275/litre

Aminu Imam
Dangote raises petrol price

…5th hike in March Barely 12 hours after a fresh hike, the ÆŠangote Petroleum Refinery has again increased petrol prices, signalling intensifying pressure in Nigeria’s downstream market as global crude costs continue to rise. In a new notice to customers, the refinery raised its gantry price of Premium Motor Spirit (PMS) from ₦1,245 to ₦1,275 per litre, marking an additional N30 increase within the same day. The revised rate takes effect from 12:00 a.m. on March 21, 2026, replacing all previously communicated prices. At the time of filing this report,…

Read More

M’East Tension: Petrol prices soar, could hit ₦2,000/litre

Aminu Imam
Petrol prices to soar

…NLC, stakeholders calls for relief measures Nigeria is facing mounting pressure to implement economic relief measures as the ongoing conflict between the United States and Iran pushes global crude oil prices higher, causing petrol costs across the country to surge to unprecedented levels. Industry operators, economists, labour unions, and private sector leaders have called on the Federal Government to channel expected windfalls from rising oil prices toward cushioning citizens and businesses from the financial shock. Without intervention, soaring fuel costs are expected to exacerbate inflation and deepen economic hardship. Petrol…

Read More

Petrol: Again, Ɗangote increases price to ₦1,175/litre

Aminu Imam
Dangote increases petrol price

ÆŠangote Refinery has revised its petrol price back to ₦1,175 per litre hours after it reduced the price of the product. The increase has resulted in depot operators across the country pausing their sales temporarily. The refinery had previously lowered the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100, bringing it to ₦1,075 per litre on March 10, 2026, reduced from the earlier price of ₦1,175 per litre. Depot operators, who had started selling at an average price of ₦1,100 per litre, immediately paused their…

Read More

Again, Ɗangote Refinery hikes petrol price to ₦1,175/litre

Aminu Imam
Dangote hikes petrol price again

The cost of goods and services across Nigeria is expected to increase further following a fresh hike in petrol prices by the ÆŠangote Petroleum Refinery, which has raised the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre. The adjustment marks the third petrol price increase within one week, intensifying concerns over rising living costs across the country. The refinery communicated the new pricing structure to marketers yesterday, increasing the gantry price from ₦995 per litre announced on Friday to ₦1,175 per litre, representing a ₦180 increase or…

Read More

M’East war pushes ÆŠangote petrol price to ₦874

Aminu Imam
Dangote petrol price

…Marketers project ₦1,000 per litre Escalating conflict between Iran, United States and Israel has triggered a fresh petrol price hike in Nigeria, with marketers projecting pump prices could hit ₦1,000 per litre. ÆŠangote Petroleum Refinery on Monday raised its Premium Motor Spirit (PMS) gantry price by ₦100 to ₦874 per litre from ₦774, citing volatility in global crude oil markets and rising replacement costs. The price surge followed attacks on oil facilities in Saudi Arabia and Qatar, as well as disruptions along the Strait of Hormuz, which pushed crude prices…

Read More

‘Petrol may hit ₦1,000/ per litre’ – Marketers 

Aminu Imam
Marketers on petrol

The pump price of Premium Motor Spirit (petrol) could rise to as high as ₦1,000 per litre in the coming days, following a sharp increase in global crude oil prices, fuel marketers have warned. Industry players told newsmen that the sudden surge in international crude prices – now trading above $70 per barrel – could trigger another round of price hikes for both imported and locally-refined petroleum products. The warning comes amid recent price adjustments by the ÆŠangote Petroleum Refinery, which raised its petrol price from ₦739 to ₦839 per…

Read More