The Federal Government has ordered petroleum marketers to reduce pump prices of Premium Motor Spirit (PMS) and other products to reflect the recent fall in global oil prices.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that domestic producers exported thousands of tonnes of Liquefied Petroleum Gas (LPG) and propane between January and May 2026, despite rising prices and shortages in Nigeria.

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved new import permits for petrol and diesel covering July–September 2026, according to a report by Argus Media.

Domestic crude supply to refineries fell to 15.84 million barrels in May 2026, down from 17.96 million barrels in April, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery imported about 1.46 billion litres of gasoline blendstock.

Fuel Marketers Increase Imports by 60% Despite Local Refineries   Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream...