KEY POINTS Nigerians spent an estimated ₦5.43 trillion on petrol, commonly known as petrol, in the first quarter of 2026, amid rising fuel prices and ongoing tensions in the downstream …
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petrol
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Consumption Drops to 56.9m Litres Daily as Local Refining Gains Ground
KEY POINTS Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, down from 60.2 million litres …
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Import Bill Hits ₦4 Trillion in Just Six Months as Refining Lags
KEY POINTS Nigeria has spent a staggering ₦4 trillion ($2.58 billion) on petrol imports in the first half of 2025, according to fresh trade data that underscores the country’s stubborn …
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Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …
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The UK government has announced that it will delay the new petrol and diesel car ban by five years, sparking criticism from environmental groups and opposition parties. The ban, which …