Petrol Price

The acting General Secretary of the NLC, Benson Upah, said the latest increase would further worsen the economic pressure facing workers and low-income households already struggling with high transportation, food and living costs.

The proposed measure could take effect as early as this week, subject to further consultations and possible intervention, according to sources familiar with the refinery’s position.

Dangote Refinery has reduced the ex-depot price of petrol by ₦50 to ₦1,165 per litre. Diesel price has also been cut by ₦80, bringing the ex-depot price to ₦1,570 per litre. The refinery says the adjustment reflects improved...

July 10 (THEWILL) — Diesel prices have increased across major depots in Lagos, Port Harcourt and Warri, while petrol prices have remained largely stable amid sustained competition in Nigeria's downstream petroleum market. The latest mid-day depot price report showed that...

May 29 (THEWILL) — Nigeria’s transport fuel costs rose sharply in April 2026 as the average retail price of Premium Motor Spirit (petrol) climbed to ₦1,532.93 per litre nationwide, reflecting sustained inflationary pressures in the downstream petroleum sector. This is...

March 12, (THEWILL) — The Federal Government of Nigeria has ruled out any plan to regulate petrol prices despite growing concerns over the impact of escalating tensions in the Middle East on global oil markets. The Minister of Finance and...

May 19, (THEWILL) – Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to maintaining stable and affordable petrol prices, despite volatility in global crude oil markets. The company noted that it has consistently reduced the price of Premium Motor...

November 24, (THEWILL) - Dangote Refinery has announced a reduction in its price of Premium Motor Spirit, also known as petrol, for marketers. A statement signed on Sunday by Anthony Chiejina, Group Chief Branding, and Communications Officer at Dangote, said...

September 08, (THEWILL) – For probably the first time in the history of Nigeria, the people in their various professions, associations, and businesses allied to fault a flawed government policy. A few hours after the Nigerian National Petroleum Company Limited...

September 05, (THEWILL) – The Dangote Petroleum Refinery says the Nigerian National Petroleum Company (NNPC) Limited has not commenced the commercial lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from the facility. A statement by Anthony...