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Fuel price in Nigeria

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

November 5, 2025

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy

Business News·FEATURES·Oil & Gas

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

September 5, 2024

As Nigerians grapple with scarcity and high price of fuel, it has been emphasised that only a fully deregulated market with perfect competition, would facilitate increased supply, and make the commodity stable

IPMAN Seeks Dangote Refinery's Partnership For Direct Product Allocation, Eases Concerns Over Petrol Stability

News·Oil & Gas

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

January 7, 2024

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said there is no plan to increase pump price of Premium Motor Spirit (PMS) popularly called petrol by its members, urging Nigerians to

Business News

Fuel Price Hike: CUPP Demands Sack Of NNPC Boss Kyari

July 20, 2023

The Coalition of United Political Parties (CUPP) has called for the immediate removal of the Nigerian National Petroleum Company Limited (NNPCL) Group Managing Chief Executive Officer (GCEO, Mele Kyari, over the incessant

Business News·Oil & Gas

Outcry Continues To Trail Fuel Price Hike In Nigeria

July 19, 2023

The latest hike in price of Premium Motor Spirit (PMS) across the country has continued to draw reactions, as Nigerians grapple with the attendant spike in transport and general cost of living.

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business News·Oil & Gas

Crude Oil Costs, Naira Depreciation Fueling PMS Price In Nigeria – Ex-PENGASSAN President

July 19, 2023

The increase in crude oil prices in the international market and the drop in the value of the naira have been blamed for the latest hike in prices of Premium Motor Spirit

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

FEATURES·Oil & Gas

History Of Fuel Price Increase In Nigeria

July 19, 2023

In Nigeria, oil was reportedly first discovered in Oloibiri in Bayelsa State, Niger Delta, in 1956. The Organization of the Petroleum Export Countries (OPEC) says Nigeria currently has the world’s tenth-largest crude

Oil & Gas

Fuel Price Hike: Nigerians Struggle As Pump Prices Surpass N600 Per Litre

July 19, 2023

Hours after the NNPCL adjusted upwards the pump price of premium motor spirit (PMS), marketers increased prices in parts of Lagos and across the country. Fuel pump prices increased to over N600

Business News·Oil & Gas

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

June 29, 2023

The price of fuel in petrol stations will rise from N500 per litre, to as high as N700 per litre, the National Controller Operations of Independent Petroleum Marketers Association of Nigeria (IPMAN),

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business News·Oil & Gas

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

June 2, 2023

Dangote Refinery, Port Harcourt Refining Company and other refineries expected to come onstream in Nigeria will not reduce fuel prices in the country. This is according to the Group Chief Executive Officer

Business News·Oil & Gas

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Fuel price in Nigeria

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

IPMAN Allays Fears Of Petrol Price Increase, Urges Nigerians To Stop Panic Buying

Fuel Price Hike: CUPP Demands Sack Of NNPC Boss Kyari

Outcry Continues To Trail Fuel Price Hike In Nigeria

Crude Oil Costs, Naira Depreciation Fueling PMS Price In Nigeria – Ex-PENGASSAN President

History Of Fuel Price Increase In Nigeria

Fuel Price Hike: Nigerians Struggle As Pump Prices Surpass N600 Per Litre

Fuel Price To Hit N700/litre, Up From N500 – Oil Marketers Reveal

Kyari Says Dangote, Port Harcourt Refineries Will Not Drop Fuel Price

Angry Commuters Refuse To Buy Fuel From NNPC Outlet In Port Harcourt Over Sudden Price Increase

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