By Ediri Ejoh Domestic supply of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, rose by 17.78 per cent year-on-year, YoY, to 4.5 million litres per day in September 2026, from 3.7 million litres per day in September 2025. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, disc…

…was pursuing reforms in taxation, electricity, agriculture, solid minerals and petroleum production to attract investment and expand employment. He disclosed that crude oil and condensate production reached 1.735 million barrels per day in June 2026, while emphasising the need to increase domestic refining, manufacturi…

…a convenient alternative to firewood, charcoal and kerosene.With fluctuating Liquefied Petroleum Gas (LPG) prices, some households purchase additional cylinders to avoid sudden shortages and unexpected price increases.Your gas cylinder may have dangerous chemicals: Here's how to know. Alliance/ContributorImagesHowever,…

…further worsening the impact of the years-long Russia-Ukraine war.In Nigeria, domestic petroleum product prices have skyrocketed, pushing up the cost of living for millions of Nigerians.While the Nigerian government benefits from increased crude oil revenue, domestic petroleum product prices continue to put pressure on…

…crude oil prices surged to $115.18 per barrel, raising concerns that Dangote Petroleum Refinery and other depot owners may review their selling prices.The latest development comes as Dangote Refinery and several petroleum depot operators currently sell Premium Motor Spirit (PMS), commonly called petrol, at ₦1,350 per l…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has taken custody of five tankers seized by the Nigeria Customs Service, NCS, over the alleged diversion of Automotive Gas Oil, AGO, commonly known as diesel.The spokesperson for the NCS’s Operation Whirlwind, Hussaini Abdullahi disclosed thi…

…disruptions to global oil supplies. The latest rally in crude prices comes as Dangote Petroleum Refinery and other depot owners sell petrol at N1350 at their gantries. A further increase in the cost of crude could put additional pressure on domestic petrol prices, with marketers facing higher replacement costs and the…

…the odour was perceived at the council secretariat. A team from the Nigerian Upstream Petroleum Regulatory Commission was also said to have arrived at the scene to participate in the assessment and ongoing investigation. Reports also indicated that students in other schools were affected, with some taken to other hospi…

…Grant Initiative that will give qualifying Nigerian students 10 free shares in Dangote Petroleum Refinery and Petrochemicals FZE after they subscribe to the company's ongoing initial public offering (IPO).The programme is open to students aged 18 and above who are enrolled in public or private tertiary institutions acr…

…in the area for about two years through arrangements involving the Nigerian National Petroleum Company Limited and Belema Joint Venture.He said the community had raised concerns over the failure to employ local people and meet its obligations before the contract ended.“The vessel is owned by Ibeto, and they have been w…

…also highlighted measures introduced since 2023 to encourage the adoption of liquefied petroleum gas for household cooking. She said the government had instituted import duty waivers and zero-rated value-added tax measures for LPG and gas cylinders to promote cleaner cooking alternatives and reduce dependence on firewo…

…with the Ministries of Environment and Health, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Department of Geology at Olabisi Onabanjo University to establish the cause of the emissions. Abiodun said gas analysers had been installed in affected schools after the first incident and that p…

…barrels of crude oil per day The investments will strengthen Dangote’s presence in petroleum refining and distribution beyond NigeriaPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the…

…and the displacement of traders. “The tanker overturned, spilling highly inflammable petroleum products before the fire spread to nearby businesses and Oluku Market. “We are aware that the fire destroyed shops, stalls, vehicles, goods and other property, depriving traders and families of their livelihoods; “The House i…

…Movement, APM, which disagreed with the finance minister’s assertion, experts, including petroleum experts, Prof. Wumi Iledare; and Economic and Communications expert, Clifford Egbomeade, also challenged him to explain the assumptions on which he based his assertions. Reacting to the minister’s declaration, the APM acc…

…The Federal Government has also defended a recent intervention by the Nigerian National Petroleum Company Limited to cushion the impact of rising petrol prices, insisting that the measure was not a reversal of the subsidy-removal policy.

…to begin, with no groundbreaking ceremony held.Worried by the delay and last Thursday’s petroleum tanker explosion at Oluku Market along the Benin-Lagos Expressway, an Edo State resident, Mrs Grace Amayo, has urged the governor to fulfil his promise by commencing construction of the centre.Amayo, who spoke to journalis…

…The Federal Government recently announced a 30-day petrol discount at Nigerian National Petroleum Company Limited retail stations, with priority for public transport operators, to cushion the impact on consumers. Finance Minister Taiwo Oyedele said NNPC retail would sell petrol at cost by foregoing its retail profit ma…

…to export more gas than it sells to the domestic market. Data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, obtained by Financial Vanguard, showed that Nigeria exported 3.83 Tcf of gas between 2022 and 2025, compared with 2.69 Tcf sold domestically, representing a difference of about 1.15 Tcf, or 4…

…The group proposed stronger monitoring technologies, improved transparency in upstream petroleum operations, greater economic inclusion of Niger Delta communities and tougher enforcement against oil theft networks. Addressing infrastructure security, the NESG expressed concern over repeated attacks on electricity trans…

…raised its quotation by ₦26 to ₦1,350, while Wosbab moved from ₦1,323 to ₦1,342, PetroleumPriceNG reported.Warri recorded steeper increases. Matrix lifted its price by ₦37 to ₦1,360 per litre, while Optima, Keonamex and Nepal each added ₦35, also closing at ₦1,360.The movements indicate rising wholesale…

…per day since May. Oyedele said that increased domestic refining was reducing refined petroleum product imports and demand for foreign exchange. Average inflation was projected to moderate to 15.4 per cent in 2026, less than half its 2024 level. The minister said that on public finances, Fitch expects tax reforms to in…

…by reducing the amount of foreign exchange required to import petrol and other refined petroleum products.Lower fuel import requirements could help improve the country’s external balance and support the accumulation of foreign reserves, provided other foreign exchange inflows remain favourable.Nigeria’s improving exter…

…Federal Government’s N66-per-litre petrol discount must download the Nigerian National Petroleum Company Limited’s mobile application and pay digitally, as the reduction is not automatically available to customers at filling stations, Saturday PUNCH has learnt. Checks at NNPC retail outlets in Abuja on Friday revealed…

…Television’s Politics Today, amid renewed calls for government intervention in the petroleum sector and proposals for a production subsidy to support domestic refineries. “So the people that are saying, ‘We’ll discount it, we’ll do the cost of production,’ don’t know what they’re talking about. We don’t have enough to…