Petroleum

Nigeria’s daily diesel receipts dropped to 8.7 million litres in September 2026, their lowest level in 13 months, as both domestic supplies and imports declined, according to data from the …

The Senate Committee on Public Accounts has rejected the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) records of petrol imports for 2022 and 2023 over significant differences between its …

President Bola Tinubu has reaffirmed his commitment to Nigeria’s ongoing economic reforms, ruling out a return to petrol subsidies despite the difficulties associated with implementing the policies introduced when he …

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to introduce a six-month petrol price reduction programme targeting a 15 to 20 per cent cut in …

President Bola Tinubu’s administration is facing criticism from opposition parties following the introduction of a temporary petrol discount at Nigerian National Petroleum Company Limited (NNPC) retail stations. The Federal Government …

c The reductions were recorded across several major markets on Tuesday amid a decline in international crude oil prices. Diesel prices also recorded sharper decreases, falling by as much as …

The latest increase in petrol prices is adding to the financial strain on Nigerian households and businesses, following a surge in international crude oil prices above $100 per barrel.  Petrol …

Iran has increased the price of petrol for consumers who exceed their monthly fuel allocation, as the country grapples with mounting economic pressures following months of war. The latest adjustment, …

Dangote Petroleum Refinery has announced the launch of a dedicated nationwide hotline for Nigerians to report any MRS Oil Nigeria Plc filling station selling Premium Motor Spirit, also known as …

Residents of Lagos woke up to a major surprise on Tuesday as the price of Premium Motor Spirit (PMS), commonly known as petrol, took a sudden downward turn at some …