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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…
Global energy markets recorded a sharp turnaround on Friday as the strategic Strait of Hormuz was declared open to commercial shipping, triggering a steep drop in crude oil prices and raising expectations of relief for petrol consumers in Nigeria. The reopening followed a fragile ceasefire in the Middle East involving Iran, the United States, and…
Read More “Hormuz Reopens: Global Oil Prices Tumble, Nigeria Eyes Petrol Relief Below N1,000” »
Nigeria’s fuel market has recorded another major shift after the Dangote Petroleum Refinery increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre. The latest adjustment, communicated to petroleum marketers and depot operators on Monday, March 9, 2026, represents a significant jump from the ₦995 per litre price…
Read More “Dangote Refinery Raises Petrol Price to ₦1,175 per Litre” »