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NNPC Reduces Petrol Pump Price to N860 as Fuel Costs Drop Across Nigeria

NNPC Reduces Petrol Pump Price to N860 as Fuel Costs Drop Across Nigeria

In a significant move that could ease the financial burden on millions of Nigerians, the Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit, also known as petrol, from N945 to N860 per litre. This adjustment comes shortly after the Dangote Petroleum Refinery lowered its ex-depot price, triggering a … Read more

Price War Looms as Dangote Refinery Disrupts Fuel Market Dynamics

Price War Looms as Dangote Refinery Disrupts Fuel Market Dynamics

A fierce price battle is brewing in Nigeria’s petroleum downstream as Dangote Refinery’s petrol price cuts send shockwaves through the industry, putting pressure on importers struggling with soaring costs. With the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, now at N929.26 per litre, concerns are mounting over the viability of … Read more

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