Nigerian Petrol Prices Hold as Brent Crude Slides to $100
Nigerian depots kept petrol prices steady at ₦1,327-₦1,350 per litre despite Brent crude falling 3.47% to $100.30, delaying relief for motorists.
Category : Oil Gas
Dangote Buys 4,000 Machines for Lekki Refinery Expansion
Dangote Industries acquires 4,000 new machines to expand Lekki refinery to 1.4 million barrels per day, rejecting foreign contractors after $2.5 billion fee quotes.
Fuel Cargoes Enter Lagos, Warri, Port Harcourt as Marketers Boost Supply
About 219,000 metric tonnes of petrol, diesel, aviation fuel and butane are moving through Lagos, Warri and Port Harcourt as marketers boost supply, with Dangote Refinery loading several cargoes.
Petrol Prices Drop in Three Cities as Dangote Supply Boosts Competition
Petrol depot rates fell to N1,330 per litre in Calabar, Warri, and Port Harcourt, while Lagos remained firm at N1,350 amid improved Dangote Refinery supply and volatile crude prices.
Ikeja Electric Begins MAP Meter Refunds via Electricity Units
Ikeja Electric Plc begins refunding MAP meter payments through electricity units, with an online tracking dashboard for customers and renewed safety warnings against illegal electrical work.
Petrol Prices Rise to N1,450 as NMDPRA Says It Cannot Fix Rates
Petrol prices in Lagos and Abuja hit N1,400-N1,450 per litre as NMDPRA clarifies it lacks legal authority to set pump prices under the PIA, citing free-market rules.
Nigeria to Get 500 New CNG Stations by October, Says PCNGI Chief
Nigeria's PCNGI says 500 CNG stations will arrive by end of October, with another 500 ordered, totaling 1,000 units. Deployment will prioritize high-traffic cities like Lagos, Kano, Abuja, and Port Harcourt.
Dangote Refinery to Subsidise Petrol Transport Costs
Dangote Refinery plans to subsidise petrol transportation costs and deploy more trucks to equalise prices across Nigeria, targeting Sokoto, Kano, and Calabar.
Marketers Urge FG, NNPCL to Restart Refineries Amid Price Rise
Dr Joseph Obele urges FG and NNPCL to restart Port Harcourt and Warri refineries to boost local supply, cut imports, and ease rising petrol prices.
Dangote Refinery: Crude Price Drops Won't Hurt Profitability
Dangote Refinery assures investors that falling crude prices won't hurt profitability, as earnings depend on refining margins, with dollar-denominated dividends promised.
NNPC Launches Fuel App for Digital Purchases and Diesel Delivery
NNPC Ltd launches the NNPC Fuel app, enabling digital fuel purchases, gifting via Me2U, station discovery, and doorstep diesel delivery across Nigeria.
Petrol Hits N1,850/Litre in Mubi as Dangote Price Hike Bites
Petrol prices surged to N1,850 per litre in Mubi, Adamawa State, with northern markets recording N1,500–N1,700, following Dangote Refinery's gantry price increase to N1,350.
Cooking gas hits ₦1,600/kg as Nigerians face another price hike
Cooking gas prices have risen again, with some Nigerians paying up to ₦1,600/kg. Average LPG prices are around ₦1,300/kg, but costs vary by location and seller.
Nigeria Cooking Gas Demand Drops 23% in June 2026
Nigeria's cooking gas demand fell nearly 23% to 123,000 tonnes in June 2026, a seven-month low, as Iran conflict disrupted LPG supply, per Argus.
Naira Slips to N1,329.86/$ as Reserves Hit 18-Year High
The naira closed at N1,329.86/$ on September 16, 2026, down 0.24% from the previous session. Interbank FX turnover plunged 65.9% to $89.355 million, while external reserves rose to about $54.61 billion.
Petrol Hits ₦1,500 in 6 States: Full List of Costliest Fuel Prices
Petrol prices in Nigeria now reach ₦1,700 per litre in Taraba and Mubi, with Kano, Yobe, Sokoto, Borno, Zamfara at ₦1,500. See the full state-by-state breakdown.
Cooking Gas Hits N1,500/kg, Diesel Crosses N2,000 as Prices Rise
Cooking gas prices in Nigeria rose 25% to N1,500 per kg, while diesel crossed N2,000 per litre, intensifying cost pressures on households and businesses, with petrol remaining stable.
All On, PowerGen Partner to Expand Mini-Grids, Target 41,000
All On and PowerGen partner to expand Nigeria's mini-grids, targeting 41,000 beneficiaries, 6,000 connections, and 9MW capacity.
Petrol Landing Cost N1,420, N70 Above Dangote Refinery
Nigeria's petrol landing cost hit N1,420 per litre on September 16, N70 above Dangote Refinery's N1,350 gantry price, driven by Middle East supply disruptions.
NNPC Allays Job Loss Fears as Smart Self-Service Stations Expand
NNPC says smart and self-service filling stations will boost efficiency and create new opportunities, not cause massive job losses, as it plans to upgrade 900 outlets into modern energy hubs.
Dangote: Crude Costs, Smuggling Keep Petrol Prices High
Aliko Dangote says global crude costs, smuggling, and Nigeria's operating environment keep petrol prices high despite local refining, urging productive investment.
NNPCL Raises Petrol Price to N1,430 in Abuja, Lagos, Others
NNPCL increases petrol pump price to N1,430 per litre in Abuja and other cities, following Dangote Refinery's ex-depot price hike and rising crude oil costs.
Petrol prices near N1,500 as crude tops $100, NNPC, others adjust
Petrol prices are approaching N1,500 per litre in Nigeria as Brent crude settles at $106.37, with Dangote Refinery raising ex-depot rates to N1,350 and retail prices hitting N1,400 in Abuja.
Duke: Price Domestic Crude at Cost to Achieve N200 Petrol
Donald Duke says pricing domestic crude at production cost, not market rates, can enable petrol at N200-N300 per litre in Nigeria.
Diesel Landing Cost Nears N2,000 Amid Middle East Crisis
Nigeria's diesel import landing cost rose to N1,917.82 per litre, nearing N2,000, as Middle East tensions disrupt supply. Dangote's N1,850 price offers relief, but marketers may raise prices as cheaper stocks run out.
Petrol Depot Prices Vary Across Nigeria as Marketers Release New Rates
Petrol depot prices in Nigeria range from N1,350 to N1,390 per litre across Lagos, Warri, Port Harcourt, and Calabar, with Bulk Strategic recording the highest price, according to a new market report.
Dangote to Start $17bn Kenya Refinery Construction by September 2026
Dangote Group will break ground on a $17 billion oil refinery in Lamu, Kenya, by end of September 2026, with completion targeted within three years.
Dangote Raises Petrol Price by N185 in Three Weeks
Dangote Refinery raises petrol gantry price to N1,350 per litre, a N185 increase in three weeks, as filling stations adjust pump prices to N1,400 amid crude oil questions.
Petrol Hits N1,395 as Dangote Raises Gantry Price to N1,350
Dangote Refinery's latest petrol price hike to N1,350 per litre pushes pump prices to N1,395 in Lagos, marking the fourth increase since August 21.
NNPC Self-Service Fuel Stations: 6 Steps to Buy Petrol With App
NNPC launches app-powered self-service petrol pumps, allowing motorists to pay digitally and dispense fuel independently. The company plans up to 70 smart stations nationwide.
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