Local Refining May Drop Petrol Price to N300/Litres – Modular Refineries The pump price of Premium Motor Spirit, (PMS) popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular...

Nigeria's economic hardship has continued with fuel prices continuing to soar in March 2024, caused mainly by the current economic reforms embarked upon by the Bola Tinubu administration, the dynamics of international energy rates as well as Nigeria’s inability to refine its fuels locally. 

Petrol Shortage: Queue will Disappear Soon, NNPC Assures   Nigerian National Petroleum Company Limited (NNPCL) has said efforts have been intensified at ending the current petrol shortage in Lagos and its environs. A statement by the Chief Corporate Communications Officer of the firm, Olufemi Soneye, said the...

Amid FX Crisis, Nigeria Imports 60.4bn Litres Of Petrol In 32 Months With zero local production of petrol in the 32 months spanning January 2021 to August 2023 and amid dwindling FX inflow, Nigeria imported 60.428 billion litres of petrol from Europe. However, data obtained from...

Oil Marketers Kick as NNPCL Delays Petrol Supply   Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they...

Petrol Retail Price Rose to N630.63 in October – NBS   The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch...