Crude Price Drop Sparks Calls for Lower Petrol in Nigeria
The recent fall in global crude oil prices has renewed calls for the Dangote Refinery to reduce its petrol price, currently set at N1,245 per liter. Crude oil prices fell below $100 per barrel on Tuesday after reports that United States President Donald Trump sent a 15-point peace proposal to Iran aimed at easing tensions […]
Abuja Fuel Prices Stable Despite Dangote Refinery Increase
Fuel prices at several filling stations in Abuja have largely remained unchanged, about 24 hours after Dangote Refinery raised its petrol price by ₦100 increment. The refinery, with a capacity of 650,000 barrels per day, increased its ex-depot price of Premium Motor Spirit (PMS) to ₦1,175 per litre on Friday. Such adjustments by the refinery […]
Iran War: Petrol Price Set to Rise After Dangote Hike
Petrol prices across Nigeria are expected to increase from Tuesday and Wednesday, March 3 and 4, following a hike in the gantry price of Premium Motor Spirit (PMS) by Dangote Refinery. The $20 billion refinery on Monday raised its ex-depot price to N874 per litre, up by about N75, citing rising global crude oil prices […]
Nigeria’s Fuel Consumption Rises to 63.7 Million Liters Daily
Nigeria’s daily consumption of premium motor spirit (PMS) rose to 63.7 million liters in December 2025, up from 52.9 million liters in November, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The increase represents a sharp month-to-month rise of 10.8 million liters, or 20.4 percent. Total domestic supply of petrol also grew […]
