Tag: Petrol prices

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Residents of Cross Rivers State apparently spent more on Premium Motor Spirit (PMS), also known as petrol, in January 2026. Data released by the National Bureau of Statistics shows that the state recorded the highest average retail price of petrol in January 2026. The latest NBS Petrol Price Watch for January 2026 indicates that Cross …

Experts, Marketers Differ on 15% Fuel Import Duty Suspension

Competition in Nigeria’s downstream petroleum sector has intensified once more following a drop in the landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, below the ex-depot price offered by the Dangote Petroleum Refinery. The Widening Price Gap According to the Major Energies Marketers Association of Nigeria (MEMAN) Competency Centre Energy Bulletin, …

Dangote Begins Direct Fuel Supply, Cuts Petrol Pump Price To ₦841/litre

Dangote Refinery has revised its distribution policy, saying marketers are now free to choose between gantry and coastal loading of petroleum products from the refinery. It said the refinery does not impose restrictions on the evacuation modes chosen by marketers. Change in Distribution Policy In a statement released on Thursday night, the refinery, however, warned …

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied demanding N1.505 trillion annual subsidies on petroleum products from Dangote Refinery.

The Dangote Petroleum Refinery has again clarified its operations following allegations that it was importing finished fuel into Nigeria. It dismissed reports claiming that it imports finished petroleum products (petrol, diesel, or aviation fuel), describing them as false and rooted in a misunderstanding of the standard refinery's operations. According to a statement released by the …

Dangote Refinery: Intrigue as Nigeria’s Petrol Imports from Malta Drops but Crude Purchase from U.S. Doubles

Between late 2025 and early 2026, the Nigerian petrol market has begun to gradually feel what seems like the effect of deregulation, with the rising competition among marketers triggered by the entry of Dangote Refinery. The 650,000 barrels per day refinery, which began operations in 2024, has significantly ramped up production, challenging the long-standing import-based …

Experts, Marketers Differ on 15% Fuel Import Duty Suspension

In a bid to sustain daily delivery of 50 million litres of Premium Motor Spirit, also known as petrol, across Nigeria, Dangote Refinery has begun 24-hour loading operations. This shift is part of the refinery’s efforts to eliminate the long-standing issue of fuel scarcity in Nigeria by ensuring that the facility's optimal production levels are …

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied demanding N1.505 trillion annual subsidies on petroleum products from Dangote Refinery.

Dangote Petroleum Refinery has debunked a report circulating in sections of the media claiming that the refinery is shutting down due to maintenance issues. In a statement released on Monday, the refinery management described the reports as “false and misleading” and accused fuel importers of deliberately sponsoring such fabrication because they felt their commercial interests …

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied demanding N1.505 trillion annual subsidies on petroleum products from Dangote Refinery.

The Federal Competition and Consumer Protection Commission (FCCPC) has warned road transport operators in Nigeria against an arbitrary hike in fares during the Christmas season. The agency said its warning followed several complaints by travellers across the country. In a statement released on Sunday, December 21, signed by Ondaje Ijagwu, Director, Corporate Affairs, FCCPC, it …

Christmas: FCCPC Warns Road Transporters Against Arbitrary Fare Hike

Nigerians have called on the Nigerian National Petroleum Company (NNPC) Limited to drop its pump prices of petrol below what is sold by Dangote Refinery distribution partners. This public demand further highlights a fascinating shift in Nigeria’s downstream oil market, now characterized by rising competition between the state-owned oil firm and private marketers. The public …

Nigerians Push NNPC to Match Dangote Petrol Prices as Competition Thickens
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