Tag: fuel price Nigeria

Cooking gas price hits ₦2,000/kg in Nigeria as LPG crisis deepens despite Dangote fuel price relief

Business Damilola Bayonle -
Rising LPG costs highlight persistent energy market challenges even as domestic refining helps shield motorists from global oil shocks Nigerians...

Nigeria energy sector rebounds as NNPC profit jumps 74% and Dangote cuts petrol price

Business Damilola Bayonle -
IBADAN, June 1 — Nigeria energy sector delivered a rare combination of positive signals in April and May 2026,...

Fuel, FX and Inflation Pressure Tightens on Nigeria’s Economy as Naira Stability Masks Cost Crisis

Business Damilola Bayonle -
Nigeria’s economy is currently sending mixed signals that are difficult to ignore. On paper, the naira has shown periods of...

Imported petrol 12% cheaper than Dangote? Refiners say quality gap changes the story

Business Damilola Bayonle -
Imported Petrol 12% Cheaper? Refiners Fire Back at World Bank Over Dangote Pricing in Nigeria Fuel Clash Nigeria’s fuel pricing...

Fuel import price war: World Bank defends imports as Dangote petrol falls behind imports by 12%

Business Damilola Bayonle -
Nigeria’s fuel pricing crisis has escalated sharply after new market comparisons showed imported petrol is about 12% cheaper than...

Dangote slashes petrol price to N1,200 as Trump-Iran ceasefire crashes oil market

Business Damilola Bayonle -
Nigeria’s fuel pricing landscape witnessed another sharp shift on Wednesday as Dangote Petroleum Refinery reversed its recent petrol price...

Nigeria Petrol price jump 39.5% — second highest globally as energy crisis deepens

Business Damilola Bayonle -
Nigeria petrol price surge: Global shock drives 39.5% spike, second highest worldwide Nigeria’s downstream petroleum market is facing renewed pressure...

NNPC moves to stabilise fuel supply as Dangote Refinery faces crude supply shortfall amid global oil surge

Business Damilola Bayonle -
NNPC boosts crude supply to Dangote amid price surge Nigeria’s energy landscape is undergoing a critical stress test as global...

Nigeria inflation may slow to 14.12% but rising energy costs pose fresh risk

Business Damilola Bayonle -
Nigeria’s inflation outlook may witness fresh pressure despite recent signs of moderation, as rising global energy costs threaten to...

Petrol price surge pushes fuel above ₦1,300 as Nigerians demand urgent government relief

Business Damilola Bayonle -
Petrol price surge deepens economic pressure as global tensions push costs higher Nigeria is facing renewed economic pressure as a...

FG seeks foreign crude for Dangote refinery as petrol prices climb above N1,000 per litre

Business Damilola Bayonle -
Nigeria’s Federal Government is exploring new measures to stabilise domestic fuel production by facilitating additional crude oil supply for...

Petrol price war escalates as fuel stations crash prices below Dangote benchmark

Business Damilola Bayonle -
Nigeria’s downstream petroleum market is witnessing one of its fiercest competitive phases in years, as several fuel retailers have...