Petrol Imports Decline in June – Marketers  Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown. An...

FG Schedules Petrol Pricing Summit for July   The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing and supply dynamics in the downstream sector, amid growing agitation by independent marketers for price regulation. The...

Reps Demand Implementation of 5% Petroleum Users’ Charge The House of Representatives Ad hoc Committee has called for the full implementation of the 5% users’ charge on the pump price of petrol and diesel. Chairman of the committee, Hon. Francis Waive, called for the move during...

FG Lauds Naira-for-Crude Deal Milestones   The Federal Government’s drive to boost the naira through local sales of crude oil and refined petroleum products has recorded significant progress, according to the Technical Sub-Committee overseeing the policy’s implementation. This was revealed during a high-level follow-up meeting of the...

Nigeria to Become Net Petrol Exporter Within Two Years - PETROAN The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has projected that Nigeria will transition into a net petroleum export nation within the next two years. Billy Harry, PETROAN President, spoke during his 65th...

Again, Dangote Refinery Slashes Petrol Price to N835 per liter Dangote Petroleum Refinery and Petrochemicals has again reduced the cost of petrol to N835 per liter. This is the second time this April, 2025, that Dangote will be reducing its petrol price. The Refinery informed its customers...