Petrol prices Archives

Dangote Raises Petrol Price by 6.7% to N1,350/Litre

The Dangote Petroleum Refinery has increased the price of Premium Motor Spirit (PMS), popularly known as petrol, by 6.7 per cent to N1,350 per litre, from N1,265, effective September 12, 2026. The refinery also raised its coastal price to N1,783,530, up from N1,669,543. The N113,987 increase represents a 6.8 per cent adjustment. In a memo […]

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September 12, 2026
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Breaking News

FG Warns Marketers Against Using Old Fuel Stock to Keep Petrol Prices High

The Federal Government has warned petroleum marketers against using profits from previously purchased high-cost fuel inventories to justify maintaining elevated petrol prices, insisting that the benefits of lower replacement costs must be passed on to consumers. The warning came as the government expressed concern over the disconnect between declining global crude oil prices and domestic […]

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July 6, 2026
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Breaking News

NBS says Petrol price hit N1,596.25 per litre in May

The National Bureau of Statistics has disclosed that the average retail price of a litre of petrol increased from N1,027.76 in May 2025 to N1,596.25 in May 2026. The NBS made this known in its Premium Motor Spirit Price Watch for May, released in Abuja on Wednesday. It reported that the May 2026 price of […]

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June 24, 2026
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Business

FG Defends Petrol Price, Says Cost In Nigeria Is 50% Below Global Average

The Federal Government has credited the economic reforms of President Bola Tinubu’s administration for the cost of petrol in the country, saying the price for the essential commodity is 50 per cent lower than the global average. According to the Executive Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, who spoke on Tuesday, Nigeria […]

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April 15, 2026
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Breaking News

Fuel Prices Biting Hard, But Let’s Thank God You’re Better Off, Tinubu Tells Nigerians

President Bola Tinubu has acknowledged the growing hardship caused by rising fuel prices, while urging Nigerians to remain hopeful, noting that the country is still better positioned compared to some others. The President spoke on Friday during his visit to Bayelsa State, where he inaugurated a number of projects. Addressing concerns over the economic situation, […]

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April 11, 2026
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