The Nigeria National Petroleum Company Limited (NNPCL) has denied importing over 200 million litres of Petroleum Motor Spirit (otherwise known as petrol) in February 2025.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly lift premium motor spirit (petrol), diesel and other products.
Dangote Refinery has criticized an unnamed international trading company for hiring a nearby depot to allegedly "blend substandard products" and compete with its higher-quality production in the Nigerian market.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Dangote Refinery will start distributing Premium Motor Spirit (PMS) on Sunday to only the NNPC for now.
The average retail price for petrol in the Northwest zone in July 2024 stood at N820.10 per litre, the highest among all six geopolitical zones.
About 1,800 petrol stations in Nigeria's northeast were shut down to protest an anti-smuggling operation by the Nigeria Customs Service (NCS) targeting some operators.
Analyst at the Standard and Poor's’ Global Commodities Insights have projected that the Dangote refinery will start supply of petrol in the fourth quarter of this year rather than the next month being stated by the company.
Nigeria’s import expenditure on armoured vehicles has significantly surpassed that on fuel in the final quarter of 2023, according to the National Bureau of Statistics (NBS).
A recent review conducted by Nairametrics on Monday, January 1, regarding petrol prices across some Nigerian states, uncovered the fact that citizens are currently paying as high as N690 per liter for petrol.
A review of petrol stations in Abuja over the weekend revealed that demand for the commodity has slowed as many Nigerians have chosen not to purchase petrol for their vehicles.
Brent crude crossed the $95 per barrel threshold as the value of the naira versus the US dollar hit a record low at the black market.
HydroCIS, a data provider, recently conducted a comprehensive analysis comparing the demand patterns for petrol and liquefied petroleum gas (LPG) in July 2023.
