•Petrol price hike On the heels of upward adjustments in the pump price of petrol three days ago, Nigerians may face another round of increases following a sustained rise in crude oil prices on the international market. The price of Nigeria’s Bonny Light crude rose to $70.30 per barrel from $64 per barrel last week, […]
•Fuel pump Private petroleum depots across Lagos and other key fuel trading hubs have raised the ex-depot price of Premium Motor Spirit (petrol) to as high as N800 per litre. Data obtained from petroleumprice.ng yesterday showed that the average cost of petrol at private depots increased sharply within 48 hours, tightening margins for marketer...
Dangote Petroleum Refinery has urged Nigerians to report MRS stations selling Premium Motor Spirit (PMS) or petrol at a price above the approved ₦739 per litre. This is as the company said it has commenced nationwide sales of petrol at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations. […]
•Dangote Refinery fuel loading bay Dangote Petroleum Refinery will supply 50 million litres of petrol per day into the Nigerian market. The decision was taken to ensure that there is no shortage of the product during the festive season, the company said yesterday. This translates to 1.5 billion litres of Premium Motor Spirit (PMS) for [&hellip...
•Port Harcourt Refinery The four federal government owned refineries operated by the Nigerian National Petroleum Company Limited (NNPC) remained shut and did not record any Premium Motor Spirit production throughout the month of October. This was revealed in a newly released factsheet by the Nigerian Midstream and Downstream Petroleum Regulato...
•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 and fuel pump Nigerians will pay an additional amount of about N1trillion (N973.6 billion) annually on petrol imports following the federal government’s planned introduction of a 15 per cent import tariff on Premium Motor Spirit (petrol), a price analysis conducted has shown. According to a petrol import trend report obtained from the ...
•Tinubu and fuel pump Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end [&hel...
•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...
The Oyo State Police Command has arrested a man, identified as Lawal Faruq, for allegedly setting his former lover, Omolola Hassan, ablaze within a military barracks in Ibadan. The horrific incident, which occurred earlier in the week, reportedly stemmed from the breakdown of the couple’s relationship, reports Vanguard. A counterinsurgency exp...
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