Global crude oil prices may cross $80 per barrel this week, following the major escalation in tensions between the United States and Iran.

PETROAN Disputes Claims of Lifting Petrol from P'Harcourt Refinery   The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has denied lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company, managed by the Nigerian National Petroleum Company Limited in Rivers State. Based on its...

The Dangote Petroleum Refinery has announced that it will commence distribution of petrol and diesel nationwide.

N2trn Drop in Petrol Imports as Local Production Improves   Nigeria’s petrol import bill fell significantly in the first quarter of 2025, dropping to N1.76tn from the N3.81tn recorded in the same period in 2024, representing a difference of over N2tn. According to the latest foreign...

Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS).

Naira-for-Crude: Marketers Fear Price Increase as FG Suspends Sale to Dangote Following the Dangote Petroleum Refinery’s suspension of the sale of petroleum products in naira, some filling stations have started stockpiling Premium Motor Spirit, otherwise known as petrol. The retailers are storing the product to ensure...