Tag: Nigeria fuel price increase

Tinubu Orders Urgent Economic Measures as Middle East Crisis Drives Fuel Prices Up in Nigeria

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Tinubu Orders Urgent Economic Measures as Middle East Crisis Drives Fuel Prices Up in Nigeria

President Bola Ahmed Tinubu has directed Nigeria’s top economic managers to urgently design measures aimed at cushioning the impact of the ongoing Middle East crisis on citizens, as rising fuel prices tighten pressure on households and businesses. The directive, conveyed in an official statement by presidential spokesman Bayo Onanuga, followed the President’s remarks during a…

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Finance and Economy

Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment

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Dangote Refinery Raises Petrol Price to N1,275/Litre in Latest Adjustment

Nigeria’s fuel market has recorded another upward shift as the Dangote Refinery increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,245 per litre to ₦1,275 per litre. The latest adjustment marks yet another price review in March 2026, reflecting continued volatility in Nigeria’s downstream petroleum sector. Reports indicate that…

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Petroleum, Power and Energy