•People scooping diesel and the fallen tanker A tanker loaded with diesel has fallen on the Liverpool Bridge in the Apapa area of Lagos State, spilling its contents on the road. The incident, which occurred today, saw residents of the area scooping the inflammable contents without considering the associated risks, reports Channels TV. Disclosi...
•Tinubu President Bola Ahmed Tinubu, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), today said the federal government is no longer considering implementing the controversial 15 per cent duty on imported petroleum products. The development was announced by the Director, Public Affairs Department, NMDPRA, ...
•Tinubu President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in a letter dated October 21, 2025, where the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal Inland Revenue Service (FIRS) and the Ni...
•A fallen fuel tanker A tanker carrying 15,000 litres of Automotive Gas Oil (diesel) crashed and spilt its content at the Toll Gate area along the Ibadan-Ife Expressway. The incident occurredlast night when the driver reportedly lost control of the vehicle, causing it to somersault and veer off the road, reports The PUNCH. Chairman of [&hellip...
The federal government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Ga...
Oil marketers have advocated for a reduction in the pump price of diesel to N700 per litre to help improve the distribution of petrol across the country. The President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), Mr. Benneth Korie Doi, stated today in Abuja that the high cost of diesel used […]
The Senate yesterday raised an ad hoc committee to investigate the alleged dumping of substandard diesel in Nigeria and importation of hazardous petroleum products The resolution on the probe, which was passed as a matter of urgent public importance, followed a motion by Sen. Asuquo Ekpenyong from Cross River State yesterday, reports Nigerian ...
•Dangote refinery Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery. With the removal of subsidy on petrol in May 2023, the price per litre of petrol jumped from around N184 to over N600 depending on the location. Diesel also sells for […...
Nigeria’s oil and gas industry stakeholders have commended President Bola Tinubu over his administration’s economic policies, attributing the recent reduction in price of diesel to the gains of the policies. According to them, the president’s fuel subsidy removal and unification of various foreign exchange rates which initially signposted econ...
•Dangote refinery The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. Yesterday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the ...
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