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petrol price

  • In the NewsMarketsOil & Gas

    Petrol Price Hike Fears Grow as Landing Cost Hits ₦1,311

    by Ikeoluwa Juliana Ogungbangbe September 11, 2026
    by Ikeoluwa Juliana Ogungbangbe September 11, 2026

    KEY POINTS Fresh pressure is building on petrol prices in Nigeria after the estimated landing cost of petrol rose to ₦1,311.36 per litre, exceeding the current ₦1,265 per litre gantry …

  • In the NewsOil & Gas

    Petrol Price Jumps 55% to N1,596 Per Litre in One Year

    by Oluwatosin Racheal Alabi June 25, 2026
    by Oluwatosin Racheal Alabi June 25, 2026

    KEY POINTS The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased significantly in May 2026, rising by 55.31 per cent compared to the same period …

  • In the NewsMarketsOil & Gas

    Dangote Refinery Raises Petrol Price To ₦1,350 Per Litre

    by Oluwatosin Racheal Alabi May 7, 2026
    by Oluwatosin Racheal Alabi May 7, 2026

    KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

  • In the NewsOil & Gas

    Petrol Price Surge Squeezes Oil Marketers as Middle East Crisis Drives Costs Higher

    by Ikeoluwa Juliana Ogungbangbe March 18, 2026
    by Ikeoluwa Juliana Ogungbangbe March 18, 2026

    KEY POINTS Oil marketers across Nigeria are raising alarm over the mounting pressure on their operations following a sharp increase in petrol pump prices, a situation they attribute to the …

  • In the NewsOil & Gas

    NNPC Turns to Foreign Crude to Sustain Dangote Refinery as Petrol Prices Soar

    by Ikeoluwa Juliana Ogungbangbe March 9, 2026
    by Ikeoluwa Juliana Ogungbangbe March 9, 2026

    KEY POINTS The Federal Government, through the Nigerian National Petroleum Company Limited, NNPC, has begun sourcing crude oil from international traders to support operations at the Dangote Petroleum Refinery amid …

  • In the NewsMarketsOil & Gas

    Dangote Refinery Raises Petrol Price to N995 Per Litre as Global Oil Costs Surge

    by Oluwatosin Racheal Alabi March 8, 2026
    by Oluwatosin Racheal Alabi March 8, 2026

    KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …

  • In the NewsMarketsOil & Gas

    NNPC Raises Petrol Price to N933 in Lagos and N960 in Abuja as Global Oil Prices Climb

    by Oluwatosin Racheal Alabi March 5, 2026
    by Oluwatosin Racheal Alabi March 5, 2026

    KEY POINTS Motorists across Nigeria are facing another surge in petrol prices after the Nigerian National Petroleum Company Limited, NNPC, increased pump prices at its retail outlets. The national oil …

  • In the News

    Petrol Price Jumps Again as Dangote Refinery Raises Ex-Depot Rate to N874 Per Litre

    by Ikeoluwa Juliana Ogungbangbe March 3, 2026
    by Ikeoluwa Juliana Ogungbangbe March 3, 2026

    KEY POINTS The Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, from N774 to N874 per litre at its gantry. The N100 …

  • In the NewsOil & Gas

    Petrol Could Approach N1,000/Litre If Marketers Choose Costly Coastal Logistics — Dangote Refinery

    by Oluwatosin Racheal Alabi February 6, 2026
    by Oluwatosin Racheal Alabi February 6, 2026

    KEY POINTS Dangote Refinery has cautioned that petrol prices in Nigeria could rise close to N1,000 per litre if fuel marketers rely heavily on coastal shipping for product evacuation and …

  • In the NewsMarketsOil & Gas

    Petrol Price Hike Leaves Marketers Struggling to Fund Fuel Purchases

    by Oluwatosin Racheal Alabi February 2, 2026
    by Oluwatosin Racheal Alabi February 2, 2026

    KEY POINTS Oil marketers across Nigeria say the recent surge in petrol pump prices is squeezing their businesses, making it increasingly difficult to raise enough capital to purchase products from …

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