The price of Premium Motor Spirit (PMS), otherwise known as petrol, continues its free fall in Nigeria after six depots slashed the price to heighten competition in the downstream sector of the Nigerian Petroleum industry. Incoming reports indicate that Hyde, Pinnacle, Aiteo Emadeb, First Royal, and MENJ have reduced their prices to match the ongoing…
Dangote Petroleum Refinery has again announced a fresh reduction in the pump prices of Premium Motor Spirit (PMS), also known as petrol, across Nigeria, with the new rates now ranging from N875 and N905 per litre, depending on the region. According to a breakdown of the updated pricing template, residents in Lagos will now pay…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja. However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria. Meanwhile, Dangote Petroleum Refinery initiated the price adjustment last…
The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), also known as petrol, at its filling stations in Lagos and Abuja. As at Monday, NNPC retail outlets sold the product for as low as N880 per litre in Lagos and N935 per litre in Abuja. The current…
Dangote Petroleum Refinery and Petrochemicals has announced another review of its ex-depot (gantry) loading price for Premium Motor Spirit (PMS), popularly known as petrol. The new price is now set at N835 per litre, down from N865 per litre, which had been in effect for the past six days, representing a 3.5 per cent reduction….
The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday. Our correspondent gathered that the refinery informed its customers in a notice sent out on…
The National Institute for Policy and Strategic Studies (NIPSS) says that with Dangote Refinery and others coming on board, Nigerians should expect a crash in the price of premium motor spirit, better known as petrol. The product was sold for less than ₦200 per litre before the removal; it currently sells for around ₦930 per…
The national president of the Petroleum Retailers Outlets Owners Association of Nigeria, Billy Gillis-Harry, in this interview, explains to DAILY POST the reason for the recent hike in petrol prices to between N930 and N960 per litre from N860 and N880 in Dangote Refinery’s partners, MRS filling stations, and others. He also emphasises that Nigerians…
The cost of importing premium motor spirit, popularly known as petrol, into Nigeria has increased to N885 per litre, up from N797 per litre recorded last week. The Major Energy Marketers Association of Nigeria (MEMAN) confirmed this rise in its daily energy bulletin released on Wednesday. This marks an increase of N88 per litre within…
The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loading cost of its petrol from N825 per litre to N815 per litre. It was gathered that the new pricing structure introduced on Thursday was met with enthusiasm…