Petrol depot prices surged to ₦1,900 per litre in Port Harcourt, while diesel hit the same level in Warri. The increases come as Brent crude rises to $104.50 per barrel, despite lower petrol prices at some Lagos filling stations.
Atiku Abubakar and the Nigeria Democratic Congress have faulted the Federal Government’s proposed 30-day petrol discount, arguing that temporary relief will not solve the cost-of-living crisis.
Dangote Refinery has ended its brief dollar pricing regime for petrol, returning to naira sales while raising its ex-depot price by N140 per litre.
Fresh tensions around the Strait of Hormuz have lifted crude oil prices, delaying expected reductions in petrol prices in Nigeria as analysts warn that exchange rates, supply costs and market volatility remain major factors.
Nigerians are still paying over N1,200 per litre for petrol despite a sharp decline in global crude oil prices. Stakeholders are calling for immediate fuel price reductions.
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, by N75 per litre following easing tensions in the Middle East and declining global energy prices. In a circular issued to fuel marketers on Monday, the refinery announced that the new gantry price has been lowered from N1,250…
