…hike comes after Dangote Refinery and depot owners raised their gantry and ex-depot petrol prices. Reacting, Maigandi urged the Federal Government to broker a deal with Dangote Refinery as part of its intervention to reduce fuel pump prices nationwide. According to him, the Federal Government’s intervention in the down…

…Maigandi said the ongoing conflict was the major reason for the latest increase in petrol prices. Maigandi explained that fluctuations in global oil prices could cause petrol prices in Nigeria to rise or fall. “The fuel will sometimes go up and down due to the conflict in Iran and the United States,” he told DAILY POST…

…in depot costs persists. The latest mid-day depot price report for yesterday showed that petrol prices rose significantly across Lagos, Calabar, Port Harcourt and Warri. In Calabar, petrol prices reached N1,290/litre at Mainland and Soroman depots, up N87/litre from N1,203/litre. Matrix also raised its price by N86/lit…

…almost 18yrs in NNPC."In a related story, Legit.ng reported that NNPC had released new petrol prices for states in the country.NNPC increases petrol pricesMeanwhile, Legit.ng previously reported that the NNPC had increased the prices of petrol.The adjustment adds N75 to the previous N1,270 per litre figure. Several oth…

…despite huge government spending on subsidy payments. The student leader also noted that petrol prices had begun to decline before the outbreak of the Iran-United States conflict, adding that the conflict had contributed to the recent increase in fuel prices. He argued that restoring fuel subsidy would place an unbeara…

…May 2023Former Vice President Atiku Abubakar criticised the timing of the trip, citing petrol prices, food costs, and insecurity as reasons Tinubu should stay homePAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Nigeria's Presidency spent N37.64 billion on trave…

…address on May 29, 2023, with the policy immediately triggering a sharp increase in petrol prices and a broader rise in the cost of transportation and goods. The government has maintained that the reform was necessary to eliminate the huge fiscal burden associated with the subsidy regime and redirect public resources t…

Major fuel marketers have raised petrol prices from about N1,205 to between N1,310 and above N1,400 per litre across NigeriaThe price hikes came even as Brent crude dropped to $88.10 per barrel, exposing the gap between global oil costsDepot prices across Warri, Port Harcourt, Calabar and Lagos remain above N1,200 per…

…the President’s campaign is offering instead. What is the plan to dramatically reduce petrol prices and bring down food and transportation costs before 2027? ‘Endure’ is not an economic policy,” the ADC said. The party stressed it was not advocating a return to the corruption and opacity of the old subsidy regime. Inst…

…while West Texas Intermediate, WTI, fell 0.16 per cent to $83.40 per barrel. However, petrol prices at major Nigerian depots remained elevated, reaching as high as N1,217 per litre in the regions monitored on Friday, August 28, 2026. The Daily Depot Price Intelligence Report showed that Warri recorded the highest PMS p…

…May 29, 2023, shortly after his inauguration. The policy triggered a sharp increase in petrol prices, with transportation and living costs also rising. The Federal Government has defended the decision, arguing that funds previously spent on subsidy could be redirected towards infrastructure, social intervention program…

…families suffer.’ Of course, energy and transportation costs affect food prices. ‘’But petrol prices alone have never caused food inflation. Nigerians experienced rising food prices, even during the years when petrol subsidy was in place. ‘’Agricultural productivity, insecurity, exchange rates, logistics, storage, floo…

…infrastructure and social programmes. The policy, however, triggered a sharp increase in petrol prices and contributed to higher transportation and living costs, making subsidy removal one of the most politically contentious issues of the Tinubu presidency. The government has since introduced various measures to cushio…

…the petrol subsidy on his inauguration day in May 2023, triggering a sharp increase in petrol prices and widespread concerns over the rising cost of living. While the policy has been defended by the Federal Government as necessary to reduce fiscal pressure and redirect public resources, opposition figures have continue…

…and other benefits to oil companies while Nigerians continue to struggle with high petrol prices and the rising cost of living. Atiku, the African Democratic Congress (ADC) presidential candidate, made the allegation in a statement issued on Sunday by his Senior Special Assistant on Public Communication, Phrank Shaibu.…

…the possibility of further adjustments in local depot prices.NNPC releases new petrol pricesMeanwhile, Legit.ng earlier reported that the Nigerian National Petroleum Company Limited (NNPCL) announced a reduction in the retail pump price of petrol across some parts of the country.The latest reduction marked the second d…

…to reduce their own pump prices.The development comes as motorists continue to monitor petrol prices amid fluctuations in the downstream petroleum market.For independent marketers, reducing the amount of money spent on logistics could provide additional room to compete on retail prices while maintaining their businesse…

…and logistics expenses have historically been major contributors to differences in petrol prices across Nigerian states.By absorbing delivery costs for eligible customers, Dangote Refinery is effectively reducing one of the expenses built into the downstream supply chain.What it could mean for petrol pricesThe developm…

…(NIPCO), Emedab and other filling stations in Abuja and its environs have reduced their petrol prices to between N1,210 and N1,275 per litre, down from N1,305 and N1,335 per litre as of July 31, 2026. This means that in the first 20 days of August, Nigerian filling stations adjusted their petrol pump prices downward by…

…transportation and other logistics expenses do not wipe out the price advantage.New petrol prices emerge at Dangote Refinery as marketers release fresh rates. ImagesDangote’s sustained pricing strategy is consequently putting pressure on depot operators and could intensify competition in the downstream petroleum market…

…for motorists battling rising transportation 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…

…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 exports, fell $6.35, or 7.0%, to settle at $83.77 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $4.33, or 5.1%, to sett…

…down from N1,300 previously.Motorists get some relief as NNPC releases new nationwide petrol prices Photo: AFP>The latest adjustment represents a N35 reduction for motorists in Lagos.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!In the Federal Capital Territory (FCT), Abuja, the state…

…Email: ankrah.shalom@corp.legit.ng. Tags: Nigerian YouthsDiaspora Hot: Afcon 2025 Petrol prices Catherine bell Molly noblitt Deborah merlino {{content}} {{web_article_infinite_1}} {{jsonLd}} Loading...

…suspends loading. prices surge nationwideSeveral major private depots announced new petrol prices, reflecting the growing impact of rising crude oil benchmarks on local fuel costs.From breaking news to viral moments. Follow Legit.ng on Instagram.DepotOld PriceNew PriceAIPECN1,200/LN1,248/LSOBAZN1,205/LN1,255/LMastersN1…