…Fuel price hike may hamper school runs The frequent increase in the pump price of petrol may force some school owners to scale down or discontinue their school bus services. The latest fuel price increase came only days ago, after parents had already been issued bills for the new academic session in July. Consequently,…

…continued to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol. The latest adjustment followed an N85 increase in Dangote Petroleum 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 r…

…of improved oil production as the country sustained compliance with its Organisation of Petroleum Exporting Countries crude oil quota. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in a statement issued on Sunday by its Head, Media and Corporate Communications, Eniola Akinkuotu. The regulator sta…

…a prominent role in efforts to combat crude oil theft and other threats to Nigeria's petroleum infrastructure, helping to protect assets vital to the country's economy and national interest. Beyond security, his influence in the Niger Delta has extended to promoting stability, community engagement and opportunities for…

…Securities and Exchange Commission has approved the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at ₦525 each. The offer could raise approximately ₦2.15tn if fully subscribed, according to a statement issued by the Dangote Group…

…prices to N1,900 per litre. Depot owners such as Ranoil Delta, Nigerian Independent Petroleum Company, NIPCO Warri, Prudent Oghara, Zamson and others have implemented the new prices, according to Petroleumprice.ng. Earlier, DAILY POST reported that Dangote Refinery had increased its gantry diesel price by N100 to N1,85…

MEMAN data showed Nigeria's petrol landing cost climbed to N1,314.67 per litreSeveral depots raised ex-depot petrol prices for the second time in under a weekRenewed US-Iran tensions and risks around the Strait of Hormuz are pushing global crude prices toward the $100 per barrel markPAY ATTENTION: Mark Legit.ng as a pr…

…and youth empowerment. On his part, the board chairman of the Nigerian Upstream Petroleum Regulatory Commission, Magnus Abe, urged Ogoni leaders and residents to unite, end internal media disputes, and maximise the support extended by the President. “Nobody can organise or strategise for us; those are things we must do…

…senior Iranian source told Reuters that the country has only about two months’ supply of petrol, which it needs to import despite its domestic oil production because of limited refining capacity. The deteriorating economic conditions are also placing severe pressure on Iranian households. Average monthly salaries are e…

…secures $2 billion CNG investment to reduce transport costs. >Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed the development in a statement issued on Tuesday by his spokesman, Louis Ibah.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Over 120,000 vehicles co…

…State following an incident in which several persons suspected of illegally siphoning petroleum products reportedly died after inhaling toxic fumes. While community sources put the death toll at 43, the Rivers State Police Command said it could not confirm the actual number of casualties, stressing that investigation i…

About 37 persons suspected of oil theft have died after inhaling a petroleum product believed to be crude oil in Okrika Local Government Area of Rivers State. The incident reportedly occurred early Thursday when youths allegedly attempted to load the product into a vessel from an illegally tapped point at a jetty in th…

…targets near the Strait of Hormuz rattled global oil marketsDangote Refinery raised its petrol gantry price three times in nine days, bringing the cumulative increase to N100 per litreNNPCL is now selling petrol at N1,299 per litre in Lagos and up to N1,345 per litre in parts of Abuja as wholesale costs climbPAY ATTENT…

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices. The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday. His appeal comes…

The Independent Petroleum Marketers Association of Nigeria, IPMAN and the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have revealed the reasons for the latest fuel price hike in Nigeria. The national presidents of IPMAN and PETROAN, Abubakar Maigandi and Billy Gillis-Harry, respectively, b…

…efforts to reduce transportation costs and promote cleaner energy.Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the government was determined to expand CNG adoption as a cheaper, cleaner and more sustainable alternative to conventional fuels.FG Targets Cheaper Fuel, Affordable Transportation Wit…

…Energy Editor Nigerians may soon pay more for Premium Motor Spirit (PMS), also known as petrol, as depot prices across major petroleum hubs have 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…

…N1,310 and N1,345 per litre, from N1,210 to N1,275, at MRS, the Nigerian National Petroleum Company Limited (NNPCL), Ranoil and other filling stations in Abuja and its environs. The latest price hike in Nigeria comes after Dangote Refinery raised its gantry price by N65 per litre. Fuel price: Brent, WTI global crude pr…

…general elections gather momentum. The Nigeria Labour Congress has rejected the latest petrol price hike by the Dangote Refinery, describing it as avoidable and demanding that more Nigerian crude be supplied to domestic refineries. Gunmen have killed two people and abducted the All Progressives Congress Chairman of Rog…

…Biafran side, there was never a case of fuel scarcity because we were refining our own petroleum products locally. “Now, in contemporary Nigeria, more than 5,000 cottage refineries have been destroyed by the government. I have advocated consistently that all these so-called illegal refineries should be legalised—assist…

NLC rejects petrol price hike, demands more crude for refineries

…two vehicles conveying approximately 8,500 litres of suspected illegally refined petroleum products along the Ejemekuru-Obudi-Agwa axis of Imo State, arresting three suspects, while others fled and abandoned one of the vehicles. On 22 August 2026, personnel of Nigerian Navy Ship PATHFINDER disrupted three illegal refin…

…Environmental Specialist, has announced that he is stepping away from Nigerian National Petroleum Company Limited (NNPCL) after just 13 months, sparking a wave of reactions online from people surprised that anyone would voluntarily walk away from a role at Nigeria's national oil company.Ogbuefi, who holds a PhD and is…

…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…

…relief to households struggling with rising food and energy costs.The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has fallen by about 39 per cent nationwide to between N1,100 and N1,650 per kilogramme, following an increase in supply.Cooking gas prices crash in some locations as Lagos depots…