There were rising concerns of a possible hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, after Dangote Refinery reportedly suspended sales of petrol to marketers in naira. The refinery informed marketers on Friday that the directive would begin on Sunday, September 28, 2025, citing the depletion of its crude-for-naira … Read more
The Trade Union Congress (TUC) has rejected the proposed 5 percent tax on petroleum products, giving the Federal Government a 14-day ultimatum to withdraw the plan. The labour centre warned that failure to comply could trigger a nationwide strike. Following reports of the planned fuel tax, the Federal Government explained that the measure was designed … Read more
The Presidency has clarified the Federal Government’s plan to impose a five percent tax on all fossil fuel sales from January 2026, stating that the Finance Minister will determine the actual implementation date. Reports have suggested that Nigerians buying petrol could pay an additional ₦45 per litre in 2026 if pump prices remain around ₦900. … Read more
Key petroleum products marketers in Nigeria have reportedly struck a deal with notable global gasoline suppliers to bring in products that are far more cheaper than what is presently available at retail outlets. Reports has that the deal will lead to selling Premium Motor Spirit (PMS) also called petrol at about N700 per litre. An … Read more
National Orientation Agency (NOA) has said that subsidy removal on Premium Motor Spirit (PMS), also known as petrol, has culminated in the generation of more than $84 billion (approximately N130.9trn at exchange rate of N1558/$) the federal government. The agency said the funds generated have enhanced the funding 40 critical road projects across the country … Read more
The Dangote Petroleum Refinery on Thursday announced a N15 reduction per litre in the pump price of Premium Motor Spirit (petrol) across the country. This was announced on the official social media handle of Dangote Refinery on Thursday. The new rates now range from N875 to N905 per litre, depending on location. Here are the … Read more
The Nigerian National Petroleum Company (NNPC) Limited has raised the price of premium motor spirit, also known as petrol. New price is peg at N925 per litre at its filling stations in Lagos and N950 per litre in Abuja. This is coming few hours after the organisation witnessed a major administrative shake-up The national oil … Read more
Filling stations in Lagos, Nigeria’s commercial capital, have increased the price of petrol from N860 to N930 per litre, making consumers pay at least N70 more than what they paid days ago. Following the development, the Human Rights Writers Association of Nigeria (HURIWA) appealed to President Bola Tinubu to use his good offices to ensure … Read more
Dangote Petroleum Refinery has announced suspension of sale of petroleum products in naira. According to Daily Trust, this was announced in a notice sent to petroleum marketers, on Wednesday afternoon. The company said the decision is temporary, explaining why it took the decision. “We wish to inform you that, Dangote Petroleum Refinery has temporarily halted … Read more
The price of Premium Motor Spirit (PMS) in Nigeria could soon decrease to ₦800 per litre as the landing cost of imported fuel has dropped to ₦774.82 per litre. This makes it lower than Dangote Refinery’s ex-depot price of ₦825 per litre, according to the latest report from the Major Energy Marketers Association of Nigeria … Read more
