…information on the factors behind significant price adjustments, including crude oil prices, foreign exchange movements, refining costs, logistics and supply conditions. Beyond demanding transparency, the association proposed the establishment of a Dangote Education Petroleum Trust Fund, known as DEPT-FUND, to provide…

…Trump’s “ambivalence.”See more Punch stories on Google.Add Punch on Google The rise in crude oil prices has also been fueled by persistent tensions in the Strait of Hormuz — a strategic chokepoint for the global oil trade — as well as hostilities between Yemen’s Iran-backed Houthis and Saudi Arabia. In a recent sign of…

…at many filling stations across the country. The News Agency of Nigeria reports that Crude oil prices currently hover around 90 dollars per barrel for the U.S. benchmark West Texas Intermediate (WTI) and about 98 dollars per barrel for the international benchmark, Brent crude. Checks by NAN in Abuja on Sunday showed th…

…petrol prices across several Nigerian depots following a decline in international crude oil prices, raising expectations of cheaper fuel at filling stations. The latest depot price report by Petroleumprice.ng shows reductions across Lagos, Port Harcourt, Calabar and Warri, with Dangote implementing one of the largest c…

…as crude, depot rates fallLegit.ng earlier reported that the latest decline in global crude oil prices is piling fresh pressure on Nigerian refiners and petroleum marketers to reduce petrol prices, raising expectations that motorists could see some relief at filling stations.Crude prices retreated at the weekend after…

…in profit after tax, to N7.2tn in 2025, despite a decline in revenue amid falling crude oil prices and reduced product volumes. The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, disclosed this on Tuesday in Abuja during a media interaction to present the company’s 2025 audited financial results, achievem…

Crude oil prices rose to $107 per barrel on Monday from $104, before retreating to $105 as Qatar planned fresh talks between the United States and Iran in a renewed effort to end the war and reopen the Strait of Hormuz. According to Reuters, the proposed diplomatic engagement comes amid continued disruptions to oil shi…

…owners could face renewed pressure to raise petrol and diesel prices after international crude oil prices climbed back above $107 per barrel on Monday, September 28, reversing a week of declines at depots across the country.Brent crude had risen $2.92, or 2.80%, to $107.20 per barrel, while West Texas Intermediate gain…

…once fresh supplies are brought in.The increases coincide with elevated international crude oil prices. Brent crude was trading at around $107.92 per barrel before moving to $108.21, adding further pressure on the cost of petroleum products and replacement supplies.Motorists face higher fuel costs as petrol prices rise…

…review programme, Today in the News, Vanguard leads with the surge in international crude oil prices above $100 per barrel which is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households and businesses. Another headline featur…

…Here is today’s summary from Nigerian Newspapers: 1. Following the rise in Brent crude oil prices to $104.61 per barrel, retail outlets in the Federal Capital Territory hiked pump prices on Sunday. Crude oil prices have been rising since February this year following the US-Iran war. The situation hit a new peak after t…

…Refinery’s gantry price, from N1,265 to N1,350 per litre, amid a surge in global crude oil prices.[/i This represents a 6.7 per cent increase and takes the refinery’s wholesale price above the current petrol landing cost of N1,311 per litre. Bent crude, the benchmark for Nigeria’s oil, was trading at about 107.92 dolla…

…Dangote Refinery had increased its gantry diesel price by N100 to N1,850 per litre as crude oil prices topped $95 per barrel. However, Brent crude and West Texas Intermediate, WTI prices had cooled slightly $94.74 and $90.34 per barrel, respectively, as of the time of filing this report on Friday. Diesel pump price ris…

…climbed sharply to as high as N1,290 per litre, amid a renewed surge in international crude oil prices. The development threatens to worsen the financial burden on households and businesses, with marketers expected to review their pump prices if the latest increase in depot costs persists. The latest mid-day depot pric…

Global crude oil prices have increased significantly in the last 24 hours after the United States launched fresh airstrikes against Iran. A crude oil price survey showed that Brent and West Texas Intermediate (WTI) crude blends rose sharply to $95.49 and $90.71 per barrel, respectively, at the time of this report. This…

…days, with some operators adjusting their rates amid concerns over higher international crude oil prices.Data from PetroleumPriceNG showed that AYM Shafa was selling LPG at about N1,050 per kilogramme, while Ardova Plc was listed at N975.NIPCO Lagos and 11Plc were both pegged at around N980 per kilogramme.The developme…

By Udeme Akpan & Ediri Ejoh Despite a five per cent drop in crude oil prices to $87.31 per barrel from $92, the domestic price of Premium Motor Spirit, PMS, also known as petrol, rose by nine per cent to N1,310 per litre from N1,205 per litre yesterday. Checks by Vanguard showed that MRS, a major downstream player, inc…

Global crude oil prices declined amid speculation over Venezuela’s planned exit from the Organisation of the Petroleum Exporting Countries, OPEC. A crude oil market survey showed that Brent and West Texas Intermediate, WTI, dropped to $88.10 and $83.40 per barrel, respectively, on Saturday morning. This means that Bren…

…or because competition is expected to emerge. ‘’Several factors, including international crude oil prices, exchange rates, refining costs, transportation, distribution, and other market costs, influence pump prices. Competition can improve efficiency and margins, but it cannot magically insulate Nigeria from global cru…

…as cooking gas, has remained fairly stable in price since July 2026 amid volatility in crude oil prices. DAILY POST reports that cooking gas prices in May and June 2026 rose to as high as N2,000 per kilogram from around N1,200 per kilogram across major cities in Nigeria, including Abuja and Lagos. However, increased im…

…across most major markets in Nigeria between August 17 and 21, 2026, driven by rising crude oil prices and supply concerns around the Strait of Hormuz.Calabar recorded the biggest increase, with Mainland’s price rising by N33 per litre, while Port Harcourt and Lagos also recorded notable increasesDangote Refinery also…

…prices rose across Nigeria's key petroleum hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel, adding fresh cost pressure to the downstream fuel market. Data from multiple depots showed widespread price increases in Lagos, Port Harcourt, Calabar, and Warri.Checks by Petroleumpric…

…and living costs, particularly as petrol prices remain sensitive to changes in crude oil prices and supply conditions.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Dangote-affiliated stations sell above N1,200Several filling stations linked to the Dangote Refinery, including AP, MRS a…

…in-depth knowledge of the Nigerian economy, stocks, and general market trends.Global crude oil prices recorded one of their steepest single-day drops in recent months on Tuesday, August 4, raising expectations that petrol prices in Nigeria may ease if the decline holds.Brent crude, the benchmark tied to Nigerian oil ex…

…around 4.2 kilotonnes in June. MEMAN attributed the higher fuel prices to rising global crude oil prices driven by geopolitical tensions in the Middle East and disruptions to shipping through the Strait of Hormuz. Although crude prices eased in June, they remained above levels recorded at the beginning of the year. The…