Petrol
Dangote Refinery, others met 50% of Nigeria’s petrol consumption in February – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said that Dangote Refinery and other local refineries in the country only met 50 percent of the national petroleum products consumption requirement in February 2025, while the shortfall is imported by Oil Marketing Companies (OMCs). This comes as the regulatory body stressed that there is no […]
BREAKING: NNPCL slashed petrol price to N899 per litre – PETROAN
The Nigerian National Petroleum Company Limited has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association of Nigeria in a statement released […]
Petrol Pump Price Surges Again
The price of petrol at the pump has increased for the second time in just three weeks, now selling for N1,025 per litre at Nigerian National Petroleum Corporation Limited (NNPCL) outlets in Lagos and N1,050 in Abuja. On October 9, 2024, the price of the commodity had already risen from N897 to N1,030 per litre […]
Deregulation: Petrol consumption drops by 92%
As premium motor spirit (PMS) or petrol prices rises, the demand from the product has taken a plunge. This is not unconnected with the removal of subsidy and the full deregulation of petrol, leaving it to the dictates of market forces. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the […]
Breaking: NNPC Raises Petrol Price to N897 Per Litre, Filling Stations Sell for N950
The Nigerian National Petroleum Company Limited (NNPC) Tuesday raised the pump price of petrol to N897 per litre from the official price of N617. This is coming days after the national oil company said it was heavily constrained by the huge debt it owes international suppliers. The debt is estimated to be $6.8 billion It […]
NNPC targets two million barrels oil production daily
The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million in July, according to the Nigerian Upstream Petroleum Regulatory Commission. Speaking during a meeting […]
Navy seizes boat with 800 jerrycans of petrol
The Nigerian Navy Ship Beecroft Patrol Team in collaboration with the Forward Operating Base Badagry, has said they arrested a wooden boat with over 800 jerrycans of 30 litres Premium Motor Spirit, close to the boundary between Nigeria and Benin Republic. In a statement signed on Saturday by the NNS Beecroft Base Information Officer, Sub-Lieutenant […]