Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N890 to N825 per litre, effective February 27, 2025.
Under the new pricing structure, petrol will be sold at N860 per litre at MRS filling stations...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says local refineries supply less than 50% of the country’s daily petrol consumption, with imports covering the shortfall.
NMDPRA’s Executive Director, Ogbugo Ukoha, said, “If we don’t bridge the gap through imports, we...
The Nigerian National Petroleum Company Limited (NNPCL) imported 136.7 million litres of petrol in a single day, raising questions about the status of local refineries.
A document reviewed by Daily Trust showed the shipment arrived on February 10 through Lagos ports, costing...
Oil marketers have pledged continued patronage of Dangote Refinery despite fluctuating PMS prices and increased competition in Nigeria’s petroleum market.
Dangote Refinery recently adjusted its Premium Motor Spirit (PMS) price from ₦899.50 to ₦955, raising prices at its affiliated stations...
The cost of petrol in Nigeria is expected to rise following a significant increase in depot loading prices on Monday.
Brent crude oil, the global benchmark, climbed to $79.76 per barrel on Sunday, prompting major depots such as Swift, Wosbab,...
Borno State Governor, Babagana Umara Zulum, has announced a subsidy on petrol for farmers in communities severely affected by Boko Haram insurgency. The initiative aims to alleviate the financial burden on farmers and boost agricultural activities in the conflict-hit...
Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N899.50 per litre, offering relief to Nigerians ahead of the festive season.
The statement, issued Thursday morning by Anthony Chiejina, Group Chief Branding and...
The Nigerian Army's 6th Division in Port Harcourt has recovered 700,000 litres of stolen petroleum products following a week-long series of anti-theft operations from October 28 to November 3, 2024. According to Lt. Col. Danjuma Jonah, the division’s Public...
The price of petrol at the pump has increased for the second time in just three weeks, now selling for N1,025 per litre at Nigerian National Petroleum Corporation Limited (NNPCL) outlets in Lagos and N1,050 in Abuja.
On October 9,...
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified recent reports suggesting that the country’s petrol consumption has plummeted to 4.5 million litres per day, refuting the claims as inaccurate.
The clarification came in response to widespread media...
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Workers residing in Abuja are grappling with rising transportation costs, with many spending a significant portion of their income...
