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Petrol price

Jigawa Residents Spent More On Petrol In June

August 1, 2025

The latest Petrol Price Watch released by the National Bureau of Statistics (NBS) showed that the average retail price of Premium Motor Spirit (PMS) in Nigeria rose to N1037.66 in June 2025, with Jigawa residents

Business News·Oil & Gas·Top Stories

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

June 23, 2025

Nigeria is facing renewed economic pressure as a fresh increase in petrol prices has sparked concerns over another wave of inflation. Analysts have attributed the latest petrol price increase to the recent

Business News·News·Oil & Gas

Dangote Refinery Slashes Petrol Price To N865 As FG Promises To Continue Naira-for-crude Deal

April 10, 2025

Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) also known as petrol to N865 per litre. This comes after about two weeks, it increased its ex-gantry price of

Business News·Oil & Gas

NNPCL Raises Petrol Price To N950/litre

April 4, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has finally joined other oil marketers in raising the price of Premium Motors Spirit (PMS), also known as petrol. With effect from 2 April 2025,

News

Petrol Price Hike: Be Compassionate, Humane To Nigerians, HURIWA Tells Tinubu

March 31, 2025

Human Rights Writers Association of Nigeria (HURIWA) has urged President Bola Ahmed Tinubu to use his good offices to ensure the continued implementation of the naira-to-crude deal between the Nigerian National Petroleum

Business News·Oil & Gas

Petrol Pump Price Hits N970 After Naira-for-crude Deal Suspension

March 31, 2025

In the aftermath of the recent suspension of the Naira-for-crude deal between Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPC), the pump price of Premium Motor Spirit (PMS), popularly known

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business News·Finance & Economy·Oil & Gas

Dangote Refinery Reduces Petrol Price To N890/Litre

February 2, 2025

Dangote Petroleum Refinery has announced reduction of ex-depot price of its Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. The 6 per cent wholesale price reduction took effect

Business News·Oil & Gas

NNPCL Increases Petrol Price After Dangote Refinery

January 22, 2025

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit, also known as petrol in its retail outlets. Checks by Prime Business Africa revealed that NNPCL

Dangote Refinery: Mixed Reactions Among Marketers On Advance Payments For Petrol

Business News·News·Oil & Gas

Petrol Price Hike: We Absorbed 50% Cost Increase In int’l Market – Dangote Refinery

January 21, 2025

Dangote Refinery has clarified the recent increase in price of its Premium Motor Spirit (PMS) also known as petrol. Prime Business Africa had reported that the refinery announced an increase of its

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Business News·News·Oil & Gas

PMS Landing Cost Drops To ₦976/Litre

November 11, 2024

The pump price of Premium Motor Spirit (PMS) also known as petrol may likely drop following a reduction in the estimated cost of landing product in recent times. According to a publication

Business News·FEATURES·Oil & Gas

Why We Need Effective Regulation As Dangote Refinery, Marketers Clash Over Petrol Price

November 5, 2024

While Nigerian consumers grapple with high cost and scarcity of Premium Motor Spirit (PMS) also known as petrol, Dangote Refinery and petroleum marketers have been embroiled in a feud over supply and

Business News·News·Oil & Gas

We’re Selling PMS At N990/Litre, Dangote Reveals

November 4, 2024

Dangote Refinery has finally revealed how much it is selling its Premium Motor Spirit (PMS) also known as petrol, to marketers. The company said it is selling PMS at N990 per litre

Nigerians Groan As NNPCL Again Increases Pump Price of Petrol

Business News·News·Oil & Gas

Again, NNPCL Increases Petrol Price As Nigerians Groan

October 30, 2024

Nigerians have reacted to the latest increase in pump price of Premium Motor Spirit (PMS) also know as petrol. The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, 29th October increased the

Fuel Price Racketeering: Dangote Must Do More for Nigerians

Business News·Oil & Gas·Opinion

NNPC, Dangote Refinery And The Politics Of Petrol Pricing: Where Are We?

October 16, 2024

The situation of things concerning the prices of premium motor spirit (PMS) popularly called petrol continues to be a subject of great concern to many Nigerians. This is particularly because Nigerians continue

Opinion

Fuel Price Racketeering: Dangote Must Do More for Nigerians

September 17, 2024

As Nigeria entered its worst historical phase of systematic fuel punishments of its citizens, Aliko Dangote, one of Africa’s richest individuals, emerged as a last resort or beacon of hope. But, as

Business News·News·Oil & Gas

NNPCL Releases New Pump Prices Of Petrol, Sells ₦950 In Lagos, ₦1,019 In Borno

September 16, 2024

The Nigeria National Petroleum Company Limited (NNPCL), has released estimated pump prices of Premium Motor Spirit (PMS), also known as petrol, for September 2024 for its retail outlets, indicating variations across states

Business News·News·Oil & Gas

Dangote Refinery: We Sold Petrol Cheaper To NNPCL, Debunks N898 Per Litre Claim

September 16, 2024

Dangote Refinery has said it sold Premium Motor Spirit (PMS) also known as petrol to the Nigeria National Petroleum Company Limited (NNPCL) at a cheaper rate. In a statement by its Group

Business News·Finance & Economy·News·Oil & Gas

Nigerians Accuse NNPCL Of Attempting To Hijack Dangote Refinery

September 13, 2024

Nigerians have reacted to the demand by the Nigeria National Petroleum Company Limited (NNPCL) to have a permanent presence at the Dangote Refinery in Lagos, as part of a proposed crude oil

News

NANS Denies Planning Protest Against Petrol Price Hike

September 6, 2024

The National Association of Nigerian Students (NANS) has denied organising a protest against the hike in petrol price across the country. This was a rebuttal to an earlier statement purportedly from NANS

Business News·FEATURES·Oil & Gas

Top 10 African Countries With Highest Fuel Prices In July 2024

July 15, 2024

Many African countries grapple with high cost of fuel which is caused by a combination of global and local factors. At the heart of it is global oil price dynamics. The cost

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Business News·News·Oil & Gas

Dangote Refinery Sets New Date For Petrol Sales To Marketers

July 15, 2024

Dangote Group has said it would begin sales of Premium Motor Spirit (PMS), also known also petrol, to marketers from August this year. Chairman of Dangote Group, Aliko Dangote, disclosed this to

Business News·Oil & Gas

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

June 20, 2024

The latest data on Petrol Watch released by the National Bureau of Statistics (NBS) show that residents of Jigawa State in northwest Nigeria spent more on Premium Motor Spirit (PMS) also known

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business News·News·Oil & Gas

Modular Refineries: How Local Refining May Crash Petrol Price To N300/litre

June 10, 2024

The price of Premium Motor Spirit (PMS), commonly known as petrol, could drop to about N300 per litre, with the commencement of large-scale production by the Dangote Petroleum Refinery and other local

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Business News

Nigeria Anticipates Drop In Petrol Prices – CBN

January 24, 2024

CBN Governor, Olayemi Cardoso, on Wednesday, January 24, announced that the pump prices of petrol are set to experience a noteworthy decrease throughout the year.

Business News·News·Oil & Gas

Nigerian Oil Marketers Assure Stable Fuel Prices, NNPCL To Bear Under-recovery Costs

January 9, 2024

Independent Petroleum Marketers Association of Nigeria (IPMAN), reassured the public on Monday that there are no plans to increase the pump price of Premium Motor Spirit (PMS), commonly known as petro

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business News·News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

October 21, 2023

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business News·News·Oil & Gas

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

September 22, 2023

The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National

Business News·Oil & Gas

Fuel: We Adjust Prices According To Market Realities – NNPC Boss

July 18, 2023

As Nigerians lament further hike in price of Premium Motor Spirit (PMS), the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has attributed it to market

Business News·Oil & Gas

Imo, Taraba Spent Highest On Petrol In Last 1 Year – Report

April 25, 2023

The National Bureau of Statistics (NBS) report shows that Imo State paid the highest average retail price of N332.67 per litre for petrol. This was followed by Taraba at N330.00 and Borno

Business News·Oil & Gas

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