Nigerians may no longer depend on imported petrol to the same extent as before, but that shift has not eliminated the factors keeping pump prices elevated. Aliko Dangote, President of Dangote Group, has explained that producing petrol locally does not automatically make the commodity cheap because the refinery still operates within a market influenced by […]
Nigerians are facing fresh pressure on transportation, food distribution and business costs after Dangote Petroleum Refinery increased its petrol gantry price to N1,350 per litre, the fourth upward adjustment by the refinery since August. The new price, which took effect on September 12, 2026, represents an N85 increase, or about 6.7 per cent, from the […]
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Motorists in parts of Nigeria’s capital have encountered closed pumps and empty forecourts at several MRS filling stations after a week-long disruption in petrol supply, highlighting the immediate effects of recent changes in the country’s downstream petroleum market. Field observations by LMSINT MEDIA indicate that multiple MRS retail outlets across Abuja and surrounding areas have […]
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Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890. This new price is effective from Saturday, February 1, 2025. In a statement issued on Saturday, the company attributed this price cut to the favorable trends in global energy and […]
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Despite the recent price reduction of Premium Motor Spirit (PMS) by Dangote Petroleum Refinery to ₦899.50 per litre from ₦970 per litre, the minimum pump price of petrol in Nigeria has not yet dropped. In Lagos, most petrol stations, including those operated by the Nigerian National Petroleum Company Limited (NNPCL), continue to sell petrol at […]
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The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail stations in Abuja. According to reports from DAILY POST, the pump price of petrol has dropped from ₦1,060 to ₦1,040 per litre at NNPCL outlets, reflecting a ₦20 decrease. […]
