Dangote Pledges Further Petrol Price Cuts as Refinery Competes With Importers
President of the Dangote Group, Aliko Dangote, has reiterated that the Dangote Petroleum Refinery will keep adjusting petrol prices downward to remain competitive with imported fuel and support price stability across Nigeria. Speaking to journalists at the Presidential Villa on Monday after a meeting with President Bola Tinubu, Dangote emphasized that the refinery’s pricing strategy […]
Petrol Price Drop Was Our Decision, Not Govt Tariff Move — Dangote Refinery
Dangote Petroleum Refinery has firmly denied reports suggesting that the recent drop in petrol prices was triggered by the Federal Government’s suspension of a 15% import tariff on fuel. The company insisted that the reduction resulted solely from its own internal review of Premium Motor Spirit (PMS) pricing. In a statement released on Monday, the […]
Fuel Prices Drop Nationwide as FG Suspends 15% Import Duty on Petrol, Diesel
Fuel prices across Nigeria have begun to ease after the Federal Government halted plans to introduce a 15 per cent import duty on Premium Motor Spirit (PMS) and diesel. The decision has triggered immediate retail price reductions at major filling stations, offering relief to motorists already grappling with high transportation costs. The suspension was confirmed […]
Presidency Says 15% Import Duty on Petrol, Diesel Won’t Burden Nigerians
The Presidency has defended the Federal Government’s decision to impose a 15 percent import duty on petrol and diesel, insisting that the measure will not constitute a burden on Nigerians. According to a statement issued on Thursday night, the policy is part of the administration’s strategy to encourage local refining, stabilise the market, and promote […]
Dangote Cuts Cooking Gas Price to ₦760/kg Amid Market Hike
In a welcome move for Nigerian households, Dangote Refinery has reduced its ex‑depot price for liquefied petroleum gas (LPG, or “cooking gas”) by ₦50 per kilogram, bringing it down from ₦810 to ₦760. A New Benchmark in LPG Pricing This new rate places Dangote’s LPG among the most affordable in the market. Current competitor ex‑depot […]
NNPCL Raises Petrol Price to ₦905/Litre
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦905 per litre at its retail outlets in Abuja. The new pricing reflects a ₦15 increase from the previous ₦890 per litre rate. The adjustment comes amid recent disruptions in the national fuel […]