Daily consumption of Premium Motor Spirit (PMS), also known as petrol, dropped by 25 per cent from 47.4 million litres per day in June to 35.7 million litres per day in July 2026 in Nigeria. This is one of the lowest daily demand levels since mid-2025 and sits well below the regulatory daily demand benchmark …
Fresh data shows bringing petrol into Nigeria now costs more than buying from the local Dangote Refinery, strengthening calls to halt fuel imports The landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has risen above the Dangote Refinery’s gantry price. This was shown in the latest Energy Bulletin released by the …
The recent drop in global crude oil prices has triggered a fresh wave of competition in Nigeria’s downstream petroleum market, as Dangote Petroleum Refinery and other major marketers have announced lower prices for Premium Motor Spirit (PMS), commonly known as petrol. The sudden drop in global crude prices below $80 per barrel, primarily driven by …
The average retail price paid by consumers for Premium Motor Spirit (PMS), also known as petrol, rose to ₦1,532.93 in April 2026. Year-on-year, this indicates a 23.69 per cent increase compared to the ₦1,239.33 recorded in April 2025. Also, the average price reflects an 18.97 per cent increase from ₦1,288.54 in March 2026. According to …
Dangote Refinery has halted loading of Premium Motor Spirit (PMS), also known as petrol, fueling speculations of a further increase in its ex-depot price of the product. Tanker drivers who had reportedly queued at the facility have been asked to leave the premises, as all operations are currently suspended. The fear comes from a similar …
The refinery says Nigerian crude oil more expensive than Brent crude Dangote Petroleum Refinery has explained why it increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 recently. The refinery had earlier in the week, the refinery had raised its ex-depot price of petrol from ₦774 to ₦874 …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
