Dangote Cuts Petrol Price by Another N50   The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50, or 4.4 per cent, reduction from the previous...

Dangote, Importers Clash as Petrol Stays Above N1,000   Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the Dangote Petroleum Refinery. As crude prices crashed to about $70 per barrel following the...

NNPC Revenue Drops by N636bn Despite Stable Oil Output   The Nigerian National Petroleum Company Limited (NNPCL) recorded a decline in its financial performance in May 2026, with revenue dropping by nearly 13 per cent to N4.335tn despite maintaining stable crude oil and natural gas production. The...

Crude Oil Falls Below $72 as Petrol Remains Above N1,000   Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers retained petrol prices above N1,000 per litre. According to Oilprice.com, Brent crude fell further to...

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved new import permits for petrol and diesel covering July–September 2026, according to a report by Argus Media.

Crude Oil Crash Pushes Petrol, Diesel Prices Down   Petrol and diesel prices have started to decline as global crude oil prices retreat following the de-escalation of tensions in the Middle East. The reductions, led by the Dangote Petroleum Refinery and followed by some private depot...