Category: Petroleum

NNPC’s N66 Fuel Discount Comes With a Catch: Motorists Must Pay Through Mobile App

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NNPC’s N66 Fuel Discount Comes With a Catch: Motorists Must Pay Through Mobile App

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that motorists seeking to benefit from its ₦66-per-litre fuel discount at retail outlets nationwide must make their purchases through the company’s mobile application, a condition that has drawn attention to how Nigerians can access the temporary price relief. The discount, initially introduced on October 1,…

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Petrol Pump Price, Petroleum

Nigeria Sets September 2028 Deadline to End Regulated Gas Pricing

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Nigeria Sets September 2028 Deadline to End Regulated Gas Pricing

Nigeria is moving towards a major transformation of its domestic gas market, with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) setting September 24, 2028 as the target date for the transition to a fully established willing-buyer, willing-seller framework. The NMDPRA Chief Executive, Rabiu Umar, announced the target on Thursday at a Gas Market…

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Cooking gas

Dangote Refinery Raises Petrol Price to N1,350, Surpassing N1,311 Landing-Cost Benchmark

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Dangote Refinery Raises Petrol Price to N1,350, Surpassing N1,311 Landing-Cost Benchmark

The Dangote Petroleum Refinery has raised its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, by ₦85 per litre, moving the price from ₦1,265 to ₦1,350. The latest adjustment represents an increase of about 6.7 per cent and comes amid renewed pressure in Nigeria’s downstream petroleum market, with crude oil prices climbing…

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Petrol Pump Price, Petroleum

Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja

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Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja

The Nigerian National Petroleum Company Limited (NNPCL) has raised the retail price of Premium Motor Spirit (PMS), popularly known as petrol, with motorists in Lagos now facing a pump price of ₦1,299 per litre, while some NNPCL stations in Abuja are selling the product for as much as ₦1,345 per litre. The latest adjustment represents…

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Petrol Pump Price, Petroleum

Dangote Refinery Raises Petrol Price to N1,200, Sparks Fresh Pump Price Concerns

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Dangote Refinery Raises Petrol Price to N1,200, Sparks Fresh Pump Price Concerns

The Dangote Petroleum Refinery and Petrochemicals has increased its gantry price for Premium Motor Spirit (PMS), popularly known as petrol, from N1,185 to N1,200 per litre, in a fresh adjustment that could put additional pressure on fuel prices across Nigeria. The N15 increase took effect on Wednesday, August 26, 2026, according to a price adjustment…

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Petrol Pump Price

NNPC Denies Holding Back Crude From Dangote Refinery, Says All Available Naira Cargoes Were Supplied

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NNPC Denies Holding Back Crude From Dangote Refinery, Says All Available Naira Cargoes Were Supplied

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has rejected claims that it withheld crude oil cargoes from the Dangote Petroleum Refinery under the Federal Government’s naira-for-crude arrangement. The national oil company said it had allocated all available crude cargoes under the initiative to the refinery in 2026, stressing that any difference between the expected…

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Petroleum, Power and Energy

Marketers, Energy Experts Warn Against Dangote Refinery’s Dollar Pricing, Fear Fresh FX Pressure

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Marketers, Energy Experts Warn Against Dangote Refinery’s Dollar Pricing, Fear Fresh FX Pressure

Independent petroleum marketers and energy industry experts have strongly opposed the Dangote Petroleum Refinery’s decision to begin pricing petroleum products in United States dollars, warning that the policy could deepen foreign exchange pressures, increase fuel costs, and destabilise Nigeria’s downstream petroleum sector. The concerns follow the refinery’s introduction of a new pricing template that denominates…

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Exchange and Forex, Petroleum

FG Intervention Eases LPG Supply, But Cooking Gas Prices Remain Stubbornly High

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FG Intervention Eases LPG Supply, But Cooking Gas Prices Remain Stubbornly High

Despite an emergency intervention by the Federal Government aimed at stabilising Nigeria’s liquefied petroleum gas (LPG) market, retail prices of cooking gas have yet to return to pre-crisis levels, leaving many households still grappling with high energy costs. The intervention followed an emergency stakeholders’ meeting convened in Abuja about two weeks ago by the Minister…

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Cooking gas

Why Petrol Still Sells Above N1,000/Litre Despite Falling Costs – PETROAN President Explains

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Why Petrol Still Sells Above N1,000/Litre Despite Falling Costs – PETROAN President Explains

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has explained why the pump price of petrol has not fallen below ₦1,000 per litre in Nigeria, despite recent reductions in the ex-depot price by the Dangote Refinery. Speaking after a stakeholders’ meeting convened by the Federal Government, Gillis-Harry…

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Petrol Pump Price

Dangote Refinery Slashes Petrol Gantry Price by N75 to N1,175 per Litre

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Dangote Refinery Slashes Petrol Gantry Price by N75 to N1,175 per Litre

Nigeria’s downstream petroleum sector received a significant boost on Tuesday as the Dangote Petroleum Refinery announced a reduction in its ex-gantry price of Premium Motor Spirit (PMS), popularly known as petrol, by ₦75 per litre. The new gantry price now stands at ₦1,175 per litre, down from the previous ₦1,250 per litre. According to information…

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News, Petroleum, Power and Energy