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...

Import Licence Dispute Pits Dangote Refinery Against Marketers   Dangote Refinery and fuel marketers have resumed fresh hostilities over the new import licenses the Federal Government recently granted the former to ship petroleum products outside the shores of the country. Economic Confidential also reports that the largest...

Nigerians spent at least ₦5.43 trillion on petrol in Q1 2026, according to analysis of data from the NMDPRA and the National Bureau of Statistics (NBS).

FG Grants Licences for 720,000MT Petrol Import The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to six marketers for the importation of 720,000 metric tonnes of Premium Motor Spirit (petrol). The marketers are NIPCO, AA Rano, Matrix, Shafa,...

Petrol Nears N1,400/Litre Following Dangote Price Adjustment    The pump prices of Premium Motor Spirit (petrol) are nearing N1,400 per litre in many parts of the country as the United States and Iran fail to agree on a ceasefire that should lead to the reopening of...

Nigeria Imports 1.3bn Litres of Petrol Despite Local Production   Nigeria imported approximately 1.31 billion litres of petrol in December 2025, according to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). During the same period, the Dangote refinery reportedly supplied 992 million litres,...