petrol

Dangote Petroleum Raises Petrol to N1,275, Diesel to N1,950

wasiu ayanwola2 months ago2 months ago01 mins

Dangote Petroleum Refinery has increased its gantry prices for petrol and diesel, intensifying cost pressures on Nigerian consumers and businesses. The new prices are: A refinery official said the hike reflects prevailing international crude oil benchmarks and ongoing geopolitical tensions in the Middle East, which continue to affect global fuel prices. Despite hopes that local refining capacity would stabilise fuel costs, Nigeria’s deregulated downstream sector remains exposed…

Dangote reaffirms ability to supply 75 million litres of petrol daily

olatunde jomiloju5 months ago5 months ago02 mins

The Dangote Petroleum Refinery has reaffirmed its capability to supply significantly more fuel than Nigeria’s estimated daily domestic consumption. In a statement released on Thursday evening, the refinery confirmed it can deliver 75 million litres of Premium Motor Spirit (petrol) per day, far surpassing Nigeria’s estimated consumption of 50 million litres daily. In addition to…

Dangote refinery–marketers petrol deal collapses amid import surge

wasiu ayanwola5 months ago5 months ago03 mins

The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed following disagreements over pricing, a development that has been linked to a sharp rise in petrol imports late last year, The PUNCH has learnt. The arrangement, reached in October 2025, required the marketers to collectively lift about 600 million…

FG approves deferment of 15% import duty on petrol, diesel to Q1 2026

olatunde jomiloju7 months ago7 months ago03 mins

The Federal Government has approved the postponement of the planned 15 per cent import duty on petrol and diesel until the first quarter of 2026, clarifying that the suspension is not indefinite but a strategic deferment to ensure effective implementation. The approval, granted by President Bola Tinubu, followed a detailed memo submitted by the Executive…

Tinubu approves 15% import duty on petrol, diesel

wasiu ayanwola8 months ago8 months ago03 mins

President Bola Tinubu has approved the introduction of a 15 per cent ad-valorem import duty on petrol and diesel imports into Nigeria. The new tariff, which aims to protect local refineries and stabilise the downstream petroleum market, is expected to impact pump prices nationwide. In a letter dated October 21, 2025, and made public on…

Petrol landing cost drops slightly to ₦839.97 per litre

olatunde jomiloju8 months ago8 months ago04 mins

The landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, has recorded a marginal decline, dropping from ₦849.61 to ₦839.97 per litre. According to figures released by the Major Energies Marketers Association of Nigeria (MEMAN), daily data from the association’s Competency Centre showed that the average landing cost was ₦849.61 on October…

Dangote Exports 1.3 Billion Litres of Petrol Amid Ongoing Fuel Imports by Marketers

wasiu ayanwola11 months ago11 months ago02 mins

The Dangote Petroleum Refinery has commenced large-scale exports of Premium Motor Spirit (PMS), having shipped approximately 1.35 billion litres of petrol to international markets over the past 50 days. This was revealed by the President of Dangote Group, Alhaji Aliko Dangote, at the Global Commodity Insights Conference on West African Refined Fuel Markets, organized by…

Dangote refinery set to begins nationwide distribution of petrol and diesel

olatunde jomiloju1 year ago1 year ago02 mins

The Dangote Petroleum Refinery has announced plans to begin nationwide distribution of Premium Motor Spirit and diesel from August 15, 2025. The company is deploying 4,000 brand-new Compressed Natural Gas-powered tankers to boost delivery capacity and improve access to fuel across the country. The offer, according to a statement released on Sunday, is open to…

Customs Seize 34,470 Litres Of Petrol In Taraba

olatunde jomiloju1 year ago1 year ago02 mins

The Nigeria Customs Service (NCS) says its operatives of Operation Whirlwind have intensified its fight against fuel smuggling, leading to a major crackdown on smugglers of Premium Motor Spirit (PMS), commonly known as petrol, in Gembu and Kan-Iyaka border communities of Taraba State. Gembu, the administrative center of Sardauna Local Government Area (LGA), and Kan-Iyaka,…

Dangote Refinery Reduces Petrol Price To ₦860 Per Litre In Lagos

olatunde jomiloju1 year ago1 year ago02 mins

The management of Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦890 to N825 per litre, effective from 27th February 2025. The slash in price by ₦65.00 was announced in a statement on Wednesday by the refinery. According to the statement, buyers…

Chief Editor

Saroj Mhr

Dangote Petroleum Raises Petrol to N1,275, Diesel to N1,950

Dangote reaffirms ability to supply 75 million litres of petrol daily

Dangote refinery–marketers petrol deal collapses amid import surge

FG approves deferment of 15% import duty on petrol, diesel to Q1 2026

Tinubu approves 15% import duty on petrol, diesel

Petrol landing cost drops slightly to ₦839.97 per litre

Dangote Exports 1.3 Billion Litres of Petrol Amid Ongoing Fuel Imports by Marketers

Dangote refinery set to begins nationwide distribution of petrol and diesel

Customs Seize 34,470 Litres Of Petrol In Taraba

Dangote Refinery Reduces Petrol Price To ₦860 Per Litre In Lagos