Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
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Nigerians can expect stable and lower fuel prices in the coming months as petrol marketers have entered a 180-day supply agreement with Dangote refinery.
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The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced that NNPC limited two refineries are now selling petrol.
Dangote advertises petrol, gives condition to buy at N890 per litre
Dangote Refinery is urging Nigerians to buy its 'high-quality petrol' and expects that the lower price will lead to reduced prices at filling stations.
FG opens up on rumoured 65% hike in electricity tariff, says N200bn spent on subsidy monthly
The federal government has cleared the air regarding reported plans to hike electricity tariffs again. The government says it currently spends N200bn on subsidies.
"We have to abide": Dangote’s petrol price reduction causes headache for marketers
The Dangote gasoline Refinery's decision to cut the ex-depot price of Premium Motor Spirit on Saturday resulted in large losses for numerous gasoline merchants.
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The Nigerian National Petroleum Company Limited (NNPC), and oil marketers combinedly imported about N5.5 trillion worth of petrol and diesel in four months.
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