Marketers Oppose FG's Move to Cap Petrol Price   Petroleum marketers have rejected government-imposed N1,350 price caps on petrol, insisting that market forces, competition and improved distribution efficiency should determine prices in Nigeria’s deregulated downstream sector. The Major Energies Marketers Association of Nigeria (MEMAN) said arbitrary price...

FG Announces 30-Day Petrol Price Cut Through NNPC   The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited, with public transport operators to receive priority under the arrangement. The Minister of Finance and Coordinating Minister of the Economy,...

Marketers Lament Uncertainty as Petrol Price Nears N1,300/litre   Petrol marketers have expressed concern over the rising cost of Premium Motor Spirit (petrol), saying the price of the commodity has climbed to between N1,250 and N1,300 per litre in some locations following the latest increase by...

Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective August 26, 2026.

Dangote Hikes Petrol Price as Crude Oil Hits $93   The Dangote Petroleum Refinery has raised its Premium Motor Spirit (petrol) gantry price by N20 per litre, from N1,165 to N1,185 per litre. The new price will take effect from midnight on August 21, 2026, according...

Transport Fares Increase as Petrol Price Hits N1,400 Per Litre   Transport fares have risen again in parts of the country as petrol price climbed to as high as N1,400 per litre. The latest increase followed a surge in global crude oil prices, with Brent crude rising...