Dangote Petroleum Refinery has announced another reduction in the ex-depot prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), also known as diesel. Under the revised pricing structure, the refinery cut the ex-depot price of petrol from ₦1,275 to ₦1,250 per litre, while diesel was reduced from ₦1,800 to ₦1,700 per…
The Federal Government says petrol prices in Nigeria remain significantly lower than the global average, crediting ongoing economic reforms under President Bola Tinubu for the current pricing structure. The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, stated that Nigeria’s petrol price averages about $0.88 per litre, which he claims is cheaper than prices…
The Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for Premium Motor Spirit (petrol) to N1,200 per litre, while setting its coastal price at N1,153 per litre. According to the company’s spokesperson, Anthony Chiejina, the price cut reflects a downward adjustment in the refinery’s pricing structure amid ongoing global oil market uncertainty driven by tensions in the Middle…
Dangote Petroleum Refinery has announced another increase in the price of Premium Motor Spirit (PMS), raising it from ₦1,175 to ₦1,245 per litre amid rising global crude oil prices triggered by the Middle East crisis. In a notice issued to marketers on Friday, the refinery stated that its ex-depot (gantry) price would increase to ₦1,245 per…
Global oil prices experienced a dramatic increase on Wednesday, rising by over five per cent after dropping to $88 per barrel on Tuesday, according to market data. Brent crude hit $92.43 per barrel as of 10:56 AM WAT, marking a 5.27% increase, after initially reaching over $100 per barrel on Monday amid ongoing crises in…
Dangote Refinery has announced a significant reduction in fuel prices, lowering petrol and diesel by up to ₦190 per litre, effective March 10, 2026. According to the latest pricing template: The refinery noted that these prices do not include fees from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which may affect the final…
Petrol prices in Nigeria are on the rise again. Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS) to ₦1,175 per litre, up from ₦995 just days ago—marking the third price hike in a week. Diesel (Automotive Gas Oil) has also been revised to ₦1,620 per litre. The move is expected…
Nigerians across major cities are reeling under the weight of soaring petrol prices after the Dangote Petroleum Refinery raised its gantry price of Premium Motor Spirit (PMS) to ₦995 per litre, pushing retail pump prices above ₦1,000 in many states. A market survey revealed petrol now sells between ₦1,000 and ₦1,190 per litre, depending on…
The Dangote Petroleum Refinery has increased its gantry price for Premium Motor Spirit (petrol) to N995 per litre, representing a sharp N221 increase within four days. A senior refinery official confirmed the adjustment on Friday, attributing the latest price hike to fluctuations in global crude oil prices and rising shipping costs. According to the official, the new price replaces the N874 per litre rate…
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by ₦25 per litre, bringing the ex-depot price down from ₦799 to ₦774 per litre. The price adjustment was communicated to marketers in a notice issued by the Group Commercial Operations Department of Dangote Petroleum Refinery and Petrochemicals FZE, and takes immediate…
