The Dangote Petroleum Refinery has further reduced the gantry price of its premium motor spirit (petrol) from ₦1,275 to ₦1,250 per litre, bringing relief to Nigerian consumers. This latest adjustment, which represents a 25 per litre price cut, takes effect Saturday, May 30, 2026, according to a report by Petroleumprice.ng, quoting a refinery source. The …
In a major shift for global energy trade, the Dangote Petroleum Refinery emerged as the world's single largest exporter of jet fuel in April 2026. This was revealed in a recent S&P Global Energy report. According to the S&P Global Commodities at Sea data, the facility was able to surpass all other global exporters by …
As global crude oil prices surge above $100 per barrel following the blockade of the Strait of Hormuz, Nigerian households and businesses are bracing for a prolonged period of economic pain. The Strait of Hormuz, a critical maritime route through which about 20 per cent of the world’s oil and gas supply passes daily, has …
Nigeria is currently ranked among countries with relatively low petrol prices globally. According to GlobalPetrolPrices.com, the average price of petrol, also known as gasoline, around the world as of April 13, 2026, is $USD1.50 per litre. Data published by the oil and gas analytical firm indicates that Nigeria is currently ranked 23rd ($0.90 per litre) …
The daily consumption of Premium Motor Spirit (PMS), also known as petrol, has again dropped in Nigeria even as imports surge by 97 per cent in March. This is according to the latest report from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for March 2026. The NMDPRA Factsheet released on Tuesday shows that …
Dangote Petroleum Refinery has announced a reduction in its gantry price of Premium Motor Spirit (petrol) from ₦1,275 to ₦1,200 per litre, reflecting a ₦75 cut. The refinery also adjusted its coastal price to ₦1,153 per litre. This downward adjustment comes despite heightened geopolitical tensions in the Middle East that have disrupted global crude oil supply, pushing …
Dangote Refinery has cut its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 to ₦1,075 per litre from the earlier price of ₦1,175 per litre. The refinery also stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor …
Dangote Refinery has further increased the price of Premium Motor Spirit (petrol) at its gantry by ₦180 to ₦1,175 per litre, from ₦995. This latest increase marks the third price increase in one week, following the escalating conflict in the Middle East, which has led to the disruption of crude oil supply and the consequent …
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 …
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, …
