Dangote Petroleum Refinery has reduced its Premium Motor Spirit gantry price by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre in what industry analysts describe as a strategic price recalibration amid evolving market dynamics in 2026. The refinery communicated the price adjustment to marketers on Tuesday, noting that the new…
Dangote refinery says dependence on coastal logistics may push petrol pump price to N1,000 per litre. Coastal logistics involves transporting and distributing goods — such as petroleum products — by ship along the coastline, rather than using pipelines or land-based methods. The refinery said marketers are free to choose their preferred mode of evacuation, but…
The Dangote Petroleum Refinery & Petrochemicals has increased its ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 to N799 per litre, effective immediately following the conclusion of the festive period. In a statement released on Monday, the refinery explained that the adjustment ends a temporary price support measure implemented during…
The Nigerian National Petroleum Company Limited (NNPC) has again reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, by N20. Several NNPC retail outlets in Abuja on Monday showed that the company is now selling petrol at N815 per litre, down from N835. Sources within the company said the price adjustment…
The Dangote Petroleum Refinery has announced another reduction in its petrol gantry price, lowering the ex-depot rate from N828 to N699 per litre. Market figures released on Friday by Petroleumprice.ng showed that the refinery carried out a fresh downward adjustment, cutting the Premium Motor Spirit benchmark by N129 per litre — a 15.58 per cent…
The Dangote Petroleum Refinery has slashed its ex-gantry petrol price to N828 per litre. According to sources at the refinery, the price of the product was reduced by N49 from the prior price of N877 per litre. “The refinery reduced its petrol price to N828 per litre,” a source said. The development comes amid plans…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol following the resolution of recent supply glitches at the Dangote Refinery. Checks by DAILY POST revealed that the state-owned oil firm adjusted its retail price to ₦945 per litre, down from ₦955, reflecting a ₦10 reduction. The new price has already…
Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end on 21 November 2025,…
The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre to different parts of the nation. Checks by Vanguard yesterday indicated that the deployment of the CNG trucks has enabled the 650,000 barrels per day…
The Nigerian National Petroleum Limited (NNPCL) has increased petrol price to N992 per litre from N865 per litre. No official reason has been given for the increment as of the time of filing this report. Across NNPC retail outlets visited by The Nation, attendants were seen adjusting their pumps to reflect the new price. At…
