Dangote Refinery’s Dominance Sparks Monopoly Concerns in Nigeria’s N14.4tn Petrol Market
Energy experts, economists, and industry stakeholders are sounding the alarm over the Federal Government's suspension of petrol import licences, which ...
Tag: petrol
Nigeria’s New 15% Petrol Import Tariff to Add Nearly N1 Trillion to Annual Fuel Costs
Nigerians face an extra financial burden of approximately N974 billion each year on gasoline purchases due to the Federal Government's ...
Nigeria’s Petrol Imports Reach 15 Billion Litres Despite Dangote Refinery’s Production
Nigeria, Africa’s largest oil producer, imported approximately 15 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, between ...
Nigeria’s Petrol Imports Drop as Domestic Refineries Supply 37% of 613.6 Million Litres Consumed in a Year
Nigeria consumed 613.62 million litres of Premium Motor Spirit (PMS), commonly known as petrol, from October 2024 to October 10, ...
Petrol Pump Manipulation Surges in Nigeria, Cheating Consumers Nationwide
Petrol attendants across Nigeria are increasingly manipulating fuel pumps to shortchange consumers, costing the nation millions of liters of Premium ...
Petrol Consumption in Nigeria Drops 28% as CNG Gains Traction
Nigeria’s petrol consumption has plummeted by 28% over the past two years, with daily volumes falling from 68.353 million litres ...
Petrol Prices in Nigeria Surge 33% to N1,024.99 in July 2025, Says NBS
The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria rose 33.02% year-on-year to N1,024.99 ...
Nigeria’s FG Targets N796 Billion from 5% Petrol Surcharge Starting January 2026
The Federal Government of Nigeria is poised to generate N796 billion annually from a new 5% surcharge on petrol, set ...
Petrol Prices Climb 76.73% Year-on-Year in April 2025, Says NBS
Nigeria has seen a significant surge in the cost of Premium Motor Spirit (PMS), with the average retail price rising ...
Petrol Imports Soar to ₦436bn as Tensions Mount Between Marketers and Dangote Refinery
Nigeria’s downstream oil sector is facing renewed tension as independent fuel marketers ramp up petrol imports worth over ₦436 billion ...
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