Tag: Fuel Prices

Dangote Refinery Announces Nationwide Petrol Price Reduction The new price regime, which marks a N15 reduction per litre across all regions and partner retail outlets, was posted on the official social media handle of Dangote Refinery on Thursday. It applies to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions. Fire Outbreak as National Sport festival at Underway At Alake Complex0:00 / 0:00 Ogun Women’s Volleyball Team Seal Comeback Win Over Rivers | Punch0:00 / 0:00 With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre. A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905 The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100. “Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice. Related News Petrol price jumps 76% in one year – NBS Naira-for-crude deal caused reduced petrol prices – Dangote NNPCL refineries not producing enough petrol – DAPPMAN Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week. The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days. Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025. On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps. This is even as the company affirmed that the prices of petrol will remain affordable and stable. They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol. The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.

Dangote Refinery Announces Nationwide Petrol Price Reduction

In a move expected to bring relief to consumers, Dangote Petroleum Refinery…

Oluwafisayo Olaoye May 22, 2025

Petrol Price Falls to N915 in Abuja as Global Oil Market Softens

Motorists in Abuja are seeing a modest but welcome relief at the…

Oluwafisayo Olaoye May 7, 2025

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has resorted to fuel imports to bridge the supply gap left by Dangote Petroleum Refinery’s

Fuel Prices Hit ₦930/Litre as Marketers Boost Imports Amid Supply Shortage

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has resorted to fuel…

housingtv March 31, 2025

JUST IN: Again, NNPCL increases fuel pump price

The Nigerian National Petroleum Company Limited (NNPC Ltd) has raised the pump…

housingtv October 9, 2024

price of fuel

How new price of fuel is affecting residents of FCT

By Sani Ibrahim Following the latest fuel price hike announced by the…

housingtv September 24, 2024

Small Businesses in Abuja Struggle as Fuel Prices Surge to N1,100 per Litre

The current increase in the prices of PMS has compounded the problems…

housingtv September 6, 2024