Fresh tensions in the Middle East have dealt a blow to expectations of lower fuel prices in Nigeria, following Iran’s decision to shut the Strait […]
Tag: Petrol
Importers Undercut Dangote Refinery as Petrol Drops Below ₦860/Litre
A fierce petrol price war is unfolding as fuel importers slash prices below those offered by the Dangote Petroleum Refinery, challenging Africa’s largest refinery and […]
Petrol Hits N945 in Abuja, N915 in Lagos as Global Tensions and Depot Price Surge Squeeze Nigerian Consumers
Nigerians were hit with another wave of fuel price hikes on Monday as petrol pump prices surged to N945 per litre in Abuja and N915 […]
Dangote’s Price Shocks Cripple 4,900 Petrol Stations as Independent Marketers Fight for Survival
More than 4,900 petrol retail outlets across Nigeria have shut down operations as independent petroleum marketers battle crippling financial losses, erratic pricing, and regulatory uncertainty […]
Nigeria Provides Fuel Aid to Niger Amid Crisis, Using It as a Strategic Bargaining Tool
Niger Republic, facing a severe fuel shortage due to a series of diplomatic and economic missteps, has turned to Nigeria for assistance. Despite months of […]
Petrol Prices Soar Beyond N1,100 as Crude Costs Surge
The pump price of petrol has skyrocketed to between N1,050 and N1,150 per litre, driven by an increase in crude oil prices and new pricing […]
PENGASSAN Predicts PMS Price Hike Amid Rising Crude Oil Prices and Exchange Rate Challenges
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has warned that the price of Premium Motor […]
Petrol Price Drops to N965 Per Litre in Abuja
The retail price of premium motor spirit (PMS), popularly known as petrol, has dropped to N965 per litre at Nigerian National Petroleum Company (NNPC) outlets […]
Petrol Landing Cost Drops Marginally Amid Market Volatility
The Major Energy Marketers Association of Nigeria (MEMAN) has reported a slight decrease in the landing cost of Premium Motor Spirit (PMS) to N970 per […]
Nigeria Sees Drop in Petrol Landing Cost but Retail Price Spikes Amid Economic Pressures
The cost of landing Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria has dropped by 20.34 percent over the past three months, settling […]