Fuel Price Drops in Lagos, Abuja as Marketers Adjust Rates   Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of the product announced by the Dangote Refinery from N970 to N899.50 per litre...

Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank. 

Petrol Landing Cost Drops as Naira Appreciates   The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27. This is according to data released by the Major Energies Marketers Association of Nigeria (MEMAN) on Monday. The drop...

Dangote Unveils Petrol Price, Pledges to End Fuel Scarcity Within 48 Hours   Aliko Dangote, owner of the Lagos-based Dangote Refinery, announced on Tuesday that petrol produced at his 650,000 barrels per day facility will hit the market within 48 hours, pending finalization of modalities with...

Petrol Price : Marketers Kick As FG Rules Out Hike   Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly called petrol, following the inability of importers to access the United States dollars and the...

Subsidy Removal Has Doubled Depot Petrol Price - Marketers Prices of petrol at depots have increased more than 100 per cent following the official removal of subsidies since May 29. National Controller Operations, Mike Osatuyi, on Tuesday, told our correspondent that many downstream businesses were currently...