Many motorists in the Federal Capital Territory (FCT) have called on fuel marketers to further reduce the price of Premium Motor Spirit (PMS), popularly known as petrol. The motorists we’re reacting to the decline in oil prices globally. Dangote Refinery recently reduced its gantry petrol price by N25 per litre, from N…

…passengers, particularly in Abuja, have been linked to debts airline operators owe fuel marketers, even as operators lament the rising cost of Jet A1 aviation fuel. At the peak of the Middle East crisis, the price of aviation fuel peaked at N3,500, from N900 per litre sold before the US-Israel attacks on Iran at the en…

Dangote Refinery’s growing market share is intensifying competition and pushing Nigerian depot suppliers to offer deeper discountsWeak purchasing power and slower orders squeeze marketers’ cash flow, even as wholesale petrol prices fallCrude price swings, inventory costs and aggressive bargaining complicate pricing, an…

Some airlines are facing flight disruptions after accumulating debts to aviation fuel marketers, leaving passengers stranded at airportsJet A1 is reportedly selling for about N2,130 per litre in Lagos and Abuja, while prices elsewhere range from N2,180 to N2,230 per litreAirlines say rising fuel and foreign exchange-li…

…while West Texas Intermediate gained $2.27, or 2.46%, to reach $94.68.Nigeria’s depot fuel market faces fresh uncertainty after Brent crude rebounded to $107.20 per barrel. Photo: BloombergImagesThe jump came after Iran rejected a proposal for a seven-day ceasefire tied to reopening the Strait of Hormuz, a key route fo…

…wholesale price to N1,350, as rising global crude oil costs put pressure on Nigeria's fuel market.

…crude prices and mounting geopolitical tensions add pressure to the country's downstream fuel market.The MEMAN data also put the landing cost of diesel at N1,850.66 per litre, figures that are now broadly level with or above what most depots and the Dangote Refinery are currently charging.MEMAN data shows Nigeria’s pet…

…that the Dangote Petroleum Refinery has introduced a free petrol delivery programme for fuel marketers across six Nigerian states, pricing the product at N1,075 per litre under the first phase of the initiative.A notice issued by the refinery outlined the scheme, which forms part of the company's broader Vision 2030 st…

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…

…free petrol delivery programme to 10 states and the Federal Capital Territory, offering fuel marketers cheaper access to locally refined Premium Motor Spirit (PMS). The latest expansion comes after the refinery reduced its petrol ex-depot price to ₦1,165 per litre, down from ₦1,215, as part of efforts to make petroleum…

…free petrol delivery programme to 10 states and the Federal Capital Territory, offering fuel marketers cheaper access to locally refined Premium Motor Spirit (PMS).The latest expansion comes after the refinery reduced its petrol ex-depot price to ₦1,165 per litre, down from ₦1,215, as part of efforts to make petroleum…

…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 Petroleumprice.ng showed that Pivot, Integrated, and African Terminal increased their petrol prices from N…

…stations sell petrol above N1,200, highlighting competition in Nigeria's deregulated fuel marketRising depot prices and crude oil tensions signal potential pump price increases for motorists in the coming daysPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.…

…about $83.70 per barrel following renewed US-Iran diplomatic talksNigeria's deregulated fuel market means international crude prices directly shape what consumers pay at the pumpAnalysts warn that naira movements and stock purchased at higher prices could delay any relief for Nigerian motoristsPAY ATTENTION: Find it fa…

…industry data showing that local producers solely supplied the country’s aviation fuel market over the past 13 months. An analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s latest petroleum supply statistics showed that between June 2025 and June 2026, there was no recorded import of avi…

…Murban Crude traded at $80.55 per barrel.The global rally has already affected Nigeria’s fuel market, with importers adjusting their prices upward in response to higher landing costs.IPMAN warns of imported fuel pressureThe Independent Petroleum Marketers Association of Nigeria has urged the Federal Government and the…

…major petroleum depots in Lagos, Warri and Port Harcourt between July 13 and July 17 as fuel marketers intensify efforts to replenish inventories despite mounting import costs.Fresh Petrol, Diesel, LPG Shipments Land in Nigeria as Dangote Disruption Pushes Fuel Prices Higher>According to the latest tanker position repo…

…charged in the Nigerian market.Dangote Refinery's pricing continues to reshape Nigeria's fuel market Photo: HeliRyImagesDangote Prices Cap Import ReturnsThe core of the problem, according to S&P Global, is that Dangote Refinery has effectively set the price ceiling for petrol in Nigeria, Punch reports.From breaking new…

…more for domestic supply than for export.” He noted that in the international aviation fuel market, Platts serves as the benchmark pricing assessment used by refiners, fuel suppliers, airlines and traders when negotiating jet fuel contracts. Typically, changes in crude oil prices are reflected in Platts jet fuel assess…

…report by S&P Global Commodity Insights, the refinery's exports came as the European jet fuel market turned increasingly bearish following a sharp decline in prices from the highs recorded during the Middle East conflict. The report stated that flows of jet fuel from Nigeria to Europe rose from 232,000 metric tonnes in…