Tag: Nigeria fuel market

Oil Prices Near $110 as Hormuz Tensions Threaten Nigeria Fuel Costs

Business Damilola Bayonle -
Oil prices near $110 as Hormuz shipping risks deepens Oil prices climbed toward $110 per barrel on Sunday as escalating...

Experts warn of fuel monopoly as states urged to revive modular refineries across Nigeria

Business Damilola Bayonle -
States urged to revive modular refineries amid monopoly fears Stakeholders in Nigeria’s energy sector have called on state governments to...

Dangote Refinery reduces petrol price to N1,075 per litre as diesel costs fall sharply

Business Damilola Bayonle -
Nigeria’s downstream petroleum market has received a fresh development after Dangote Petroleum Refinery announced a reduction in the ex-depot...

Dangote refinery raises petrol price to N1,175 per litre as fuel costs surge again in Nigeria

Business Damilola Bayonle -
Fuel prices in Nigeria may climb further in the coming days after a fresh adjustment in the cost of...

NNPCL raises petrol price again to N967 per litre as crude oil surges above $90

Business Damilola Bayonle -
Motorists in Nigeria are facing another round of fuel price adjustments after the Nigerian National Petroleum Company Limited announced...

Global oil prices skyrocket to $66 per barrel, petrol price hike inevitable

Business Damilola Bayonle -
Nigeria may be on the verge of another round of fuel price adjustments as rising global crude oil prices...

Petrol price outlook 2026: CBN projects pump price above N900/litre

Business Damilola Bayonle -
Petrol Likely to Average Above N900/Litre in 2026 as CBN Flags Market Pressures Nigeria’s petrol market is expected to remain...

Dangote petrol price ₦739: Nigerians told to reject overpriced fuel

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector entered a new phase on Monday as Aliko Dangote, President of the Dangote Group, issued...

Fuel price drops 11.18%: NBS reports significant year-on-year decline despite monthly uptick

Business Damilola Bayonle -
National data shows fuel price drops 11.18% amid mixed regional trends Nigeria’s downstream petroleum market witnessed a notable shift in...

Dangote refinery petrol price cut sparks market shake-up

Business Damilola Bayonle -
Nigeria’s downstream oil market is witnessing a major shift as petroleum marketers consider halting petrol importation following a significant...

Oando suspends petrol imports as Dangote refinery reshapes fuel market

Business Damilola Bayonle -
In a major shift for Nigeria’s downstream petroleum industry, Oando Plc has suspended the importation of Premium Motor Spirit...

Dangote dismisses allegations of low-cost petrol sales in Togo

Business Damilola Bayonle -
The Dangote Group has strongly dismissed allegations that its refinery sells petrol to foreign traders in Togo at rates...