Petrol Depot Prices Hit ₦1,370 as FG Unveils 30-Day NNPC Relief
Petrol depot prices rose to ₦1,370 per litre in Calabar, with diesel at ₦2,000 in Warri, as FG's NNPC relief targets retail margins.
Category : Oil Gas
Petrol Prices Range N1,378-N1,430 in Anambra, Kebbi States
Petrol prices in Anambra range from N1,378 to N1,400 per litre, while Kebbi State sees N1,430 at independent stations, with NNPC outlets at N1,400.
NNPC Petrol Discount: 5 Ways Nigerians Can Buy Cheaper Fuel
Learn 5 ways to buy cheaper fuel at NNPC stations during the 30-day N66-per-litre discount in October 2026. Download the NNPC Fuel App and pay via the app to save.
Nigerians Rush to Buy Petrol as NNPC Announces New Prices
Motorists in Abeokuta welcome NNPC's petrol price cut to N1,355 per litre, with an extra N66 app discount, as prices vary across states.
Petrol price nears N2,000 as depot costs surge despite NNPC discount
Petrol depot prices surged to N1,900 per litre in Port Harcourt on Friday, October 9, despite NNPC selling at N1,360 in Lagos. Diesel also climbed to N1,900 in Warri, raising business cost concerns.
NNPC Extends N66 Petrol Discount to October 31, 2026
NNPC Limited extends its N66-per-litre petrol discount at retail stations nationwide until October 31, 2026, clarifying it is not a subsidy return.
NNPC Extends N66 Petrol Discount, Adds Diesel to Oct 14
NNPC extends N66-per-litre petrol discount to Oct 14, 2026, and includes diesel for registered Fuel App users, with prices ranging from N1,355 in Lagos to N1,435 in Yobe.
Petrol, Diesel Prices Rise as Brent Crude Crosses $105
Nigerian depots raised petrol prices by up to N25 per litre and diesel by N195 as Brent crude hit $105.02, driven by supply fears.
TCN power outage: 3 towers collapse in Nasarawa
Three transmission towers collapsed along the Karu-Keffi-Akwanga 132kV line in Nasarawa State on October 7, 2026, cutting power to Keffi and Akwanga. TCN engineers are assessing damage; no restoration timeline has been given.
NNPC Reduces Petrol Price by N5 Across Nigeria
NNPC reduced petrol prices by N5 per litre at its outlets. Lagos and Rivers now sell at N1,355, while Yobe has the highest price at N1,435.
FG Opens 40 Oil Blocks for 2026 Licensing Round
Nigeria launches 2026 licensing round, offering 40 oil blocks across land, shallow water, and deepwater. NUPRC requires beneficial ownership disclosure, citing transparency. 2025 auction saw 200 bids.
Dangote Refinery Slashes Diesel Price by N80 to N1,700
Dangote Refinery reduced diesel gantry price from N1,780 to N1,700 per litre effective October 7, 2026, following a drop in import-parity costs. Consumers may see lower pump prices, but distribution costs will determine final rates.
Royal Exchange Prudential Life assets up for sale after licence loss
Royal Exchange Prudential Life Plc (REPRU) has entered asset liquidation after NAICOM cancelled its licence, with bids due by October 9, 2026.
Ikeja Electric Blames Grid Shortfall for Lagos Power Crisis
Ikeja Electric attributes reduced power supply to a national grid allocation shortfall, but customers report over 160 hours of darkness, sparking backlash.
Nigeria Power Crisis: 16 Plants Shut, Generation Drops 62%
Nigeria's electricity generation fell to 2,033.66MW on Monday as 16 power plants recorded zero output, a 62% drop from September 24, worsening blackouts nationwide.
Petrol Prices Drop N22 Below Dangote Refinery Ex-Gantry
Petrol prices in Calabar fell to N1,303 per litre and Port Harcourt to N1,305 per litre, below Dangote Refinery's N1,325 ex-gantry rate, amid competition.
Dangote Stops Petrol Sales to Importing Marketers
Dangote Refinery halts petrol sales to major marketers importing fuel, prioritizing independent buyers, citing quality blending concerns amid legal disputes over import licences.
Petrol Price Drops: MRS, Ardova, AA Rano Cut Costs Nationwide
MRS and Ardova cut Lagos petrol to N1,355/L; AA Rano, Ranoil reduce Abuja to N1,400/L, following Dangote's N25 gantry cut and NNPC's N1,370 price.
UK Diesel Tops £2 as Dangote Cuts Nigerian Price by ₦70
UK diesel hit 200.01p per litre, while Dangote Refinery cut its Nigerian wholesale diesel price by ₦70 to ₦1,780, effective October 1.
Energy Marketers Release New Fuel Prices as Experts Explain Reason for High Rates
Nigerian depot suppliers face intense pricing pressure as Dangote Refinery's influence grows, with falling wholesale prices not necessarily meaning affordable fuel for consumers.
Naira Gains N1.31 Against Dollar, CBN Net Reserves Hit $40bn
The naira appreciated by N1.31 to close at N1,329.16/$1 on Wednesday. CBN reports net usable external reserves rose to about $40 billion from $859 million in 2023.
NNPC N66 Petrol Discount, N30,000 Giveaway for Independence
NNPC Retail offers N66 per litre petrol discount until October 7 and N30,000 cash rewards to 50 winners via the NNPC Fuel App, celebrating Nigeria's 66th Independence Day.
Dangote Names Executive to Earn Commission on Lamu Refinery
Aliko Dangote revealed Honeywell UOP President Rajesh Gattupalli will earn a commission on every barrel processed at the $16bn Lamu refinery in Kenya, set to process 700,000 barrels daily.
Dangote Plans 1,000MW Power Plant in Kenya, 500MW for Government
Dangote Group will build a 1,000MW power plant in Lamu, Kenya, with 500MW to be sold to the government, as part of a $15–$16 billion refinery project.
FG Plans Energy Zones for 24-Hour Power in Key Cities
FG plans Energy Zones for 24-hour power in Lagos, Abuja-Kaduna-Kano, and Enugu-Port Harcourt corridors to boost supply and DisCo revenue.
NNPC Offers N66 Independence Day Discount on Petrol
NNPCL launches a N66 petrol discount via the NNPC Fuel App from October 1-7, 2026, and cuts pump prices in Abuja and Lagos ahead of Nigeria's 66th Independence Day.
Dangote Cuts Diesel Price by N70 to N1,780 Per Litre
Dangote Petroleum Refinery reduced its diesel gantry price from N1,850 to N1,780 per litre, effective October 1, 2026, with other Lagos depots still selling higher.
Dangote Refinery Hits 105% Capacity, Slashes Fuel Imports
Dangote Refinery processed 736,470 barrels daily in August, hitting 105.21% capacity, cutting petrol imports by 26% and diesel imports by over 80%.
Dangote: $16bn Kenya Refinery Launch Proceeds Despite Court Order
Dangote Group says the groundbreaking for its $16bn Lamu refinery proceeds Wednesday despite a court order preserving disputed land until October 14; 133 residents seek recognition, compensation.
Petrol Landing Cost Drops by N69.45, NNPC and MRS Cut Prices
Nigeria's petrol landing cost fell by N69.45 per litre in three days to N1,278.37, prompting NNPC, Dangote, and MRS to reduce pump prices.
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