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Petrol prices in Nigeria

NNPC Raises Petrol Prices to ₦835 in Lagos, ₦839 in Abuja Amid Market-Driven Adjustments

The Nigerian National Petroleum Company Limited (NNPCL) has raised petrol prices at its retail outlets in Lagos and Abuja, citing market forces as the main driver behind the adjustments. Motorists in Lagos now pay ₦835 per litre, up ₦50 from ₦785, while

January 28, 2026

Business·Oil & Gas

NNPCL Slashes PMS Price By N55 In 48 Hours

The Nigerian National Petroleum Company Limited (NNPCL) has slashed the pump price of its Premium Motor Spirit (PMS), also known as petrol, 48 hours after increasing it across retail outlets. In Abuja, the Federal Capital Territory, NNPC retail outlets reduced the PMS

August 6, 2025

Business·Oil & Gas

Dangote Refinery To Reintroduce Discount Scheme For Partners

The Dangote Petroleum Refinery has announced plans to reintroduce its suspended N5 per-litre fuel discount scheme for strategic partners, following a temporary halt due to reported infractions by some marketers. The discount scheme was suspended on 13 July 2025, after investigations revealed that some affiliate marketers

July 19, 2025

Business·Oil & Gas

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

The Dangote Petroleum Refinery recently uncovered a fuel diversion racket involving some of its affiliate marketers and strategic partners, leading to the suspension of its discounted fuel supply scheme on 13 July 2025. The refinery management said its investigations revealed that some marketers had been re-routing the

July 18, 2025

Business·Oil & Gas

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

Dangote Refinery has further reduced its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦820. This is the second reduction by the company in a week. It had on Monday, 30 June, announced a reduction in the price

July 8, 2025

Business·Oil & Gas

Dangote Refinery: Petrol Distribution Will Save Nigeria N1.7trn Annually

Dangote Petroleum Refinery has said its nationwide petrol and diesel distribution initiative is expected to save the Nigerian economy an estimated N1.7 trillion annually. The company disclosed that it has invested over N720 billion to implement the landmark initiative of deploying 4,000 Compressed

June 30, 2025

Business·Oil & Gas

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

Dangote Petroleum Refinery has increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N880 per litre. This reflects a N55 hike from the previous price of N825 per litre. The new ex-depot price was confirmed by petroleumprice.ng,

June 22, 2025

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

Business·Oil & Gas

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

Economist and Chief Executive Officer of Financial Derivatives Company (FDC), Mr Bismarck Rewane, has predicted that the price of Premium Motor Spirit (PMS), also known as petrol and diesel, may drop in June and July. Mr Rewane made the projection in its

June 8, 2025

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

As the Federal Ministry of Works and the House of Representatives push for the implementation and remittances of a five per cent road user charge to be factored into fuel and diesel prices, there are worries that the price of Premium Motor

June 4, 2025

Business·Oil & Gas

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Mr Billy Gillis-Harry, has expressed concerns about the potential negative impact of the shutdown of the Port Harcourt refinery on fuel prices. Gillis-Harry said that while it may

May 26, 2025

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Petrol prices in Nigeria

NNPC Raises Petrol Prices to ₦835 in Lagos, ₦839 in Abuja Amid Market-Driven Adjustments

NNPCL Slashes PMS Price By N55 In 48 Hours

Dangote Refinery To Reintroduce Discount Scheme For Partners

Dangote Refinery Uncovers Fuel Diversion Racket, Suspends Discount Scheme

Again, Dangote Refinery Slashes Petrol Ex-depot Price To ₦820

Dangote Refinery: Petrol Distribution Will Save Nigeria N1.7trn Annually

Dangote Refinery Increases Petrol Ex-Depot Price To N880/litre

Expert Predicts Further Petrol Price Drop In June, July Amid Competition, Naira Stability

PMS, Diesel Price Hike Looms As Govt Pushes For 5% Road Use Charge

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

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