President Bola Ahmed Tinubu has approved a 15 percent import duty on Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (AGO), also called diesel, in a new directive expected to impact retail fuel prices nationwide.

Nigeria's Petrol Imports Reach 15bn Litres Amidst Dangote Refinery Production   Despite increased refining capacity, Nigeria imported 69 per cent of the 21 billion litres of petrol it consumed between August 2024 and the first 10 days of October 2025, according to data from the NMDPRA. Nigeria...

Dangote Refinery Now Produces 20m Litres of Fuel Daily - NMDPRA   The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Farouk Ahmed, has disclosed that the 650,000-barrel-per-day Dangote refinery has begun to transform Nigeria’s petroleum supply landscape, contributing an average of...

Fuel consumption nationwide has fallen by 28 per cent over the past two years, as pump attendants across filling stations are left with scanty vehicular calls.

Petrol Consumption Hits ₦1.3tn in June - NMDPRA The latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority has revealed that Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in June, as consumption across...

₦341tn Oil Reserves Untapped in Nigeria - Report  Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports in a publication by the Nigerian Upstream Petroleum Regulatory Commission. At the current average price of...