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For months, Nigerians watched cooking gas prices climb relentlessly, draining household budgets and forcing many families back to firewood, charcoal and kerosene. By November 2025, the price of liquefied petroleum gas (LPG) had crossed psychological and economic breaking points in several cities, selling for as much as ₦2,000 per kilogram and above. Then, quietly but

An overnight tanker explosion on the Abeokuta–Sagamu Expressway has left many feared dead, with rescue teams still working at the scene as of Friday morning. The accident happened around 1 a.m. when a 33,000-litre petrol-laden tanker overturned after excessive speeding. The crash spilled fuel across the highway, and the impact ignited a blaze that spread

Dangote Petroleum Refinery has raised its ex-depot petrol price to ₦850 per litre, up from the previous ₦820. The new price, tracked by Petroleumprice.ng, took effect as the refinery resumed loading operations on Thursday, exactly one week after halting Premium Motor Spirit (PMS) sales. The week-long suspension left dealers uncertain. The usually busy 650,000-barrels-per-day facility,

The Nigerian National Petroleum Company Limited (NNPCL) has once again adjusted petrol pump prices upward in Lagos, with stations now dispensing Premium Motor Spirit (PMS) at ₦925 per litre, an increase of ₦10 from ₦915 reported just 24 hours earlier. However, NNPCL stations in Abuja have yet to reflect any changes and continue selling at

The shutdown of the Port Harcourt Refinery has now entered second month, and frustration continues to grow among Nigerians as the Economic and Financial Crimes Commission (EFCC) digs deeper into an alleged $7.2 billion fraud tied to refinery rehabilitation. This development comes just one day after EFCC operatives arrested Umar Ajiya Isa, former Chief Financial

Independent marketers are raising the alarm over what they describe as exploitative and unregulated charges imposed by the Petroleum Tanker Drivers Branch (PTD) of NUPENG for product loading at Lagos depots. Despite the industry’s recent united stand against Lagos State’s proposed ₦12,500 e-call-up levy, marketers say key actors have remained silent on the much higher,

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has ended the ongoing tanker driver strike. This decision follows the Lagos State Government’s agreement to open talks on the contentious ₦12,500 haulage levy. In a circular dated June 17, 2025, IPMAN’s National Executive Committee ordered all zonal and depot unit chairmen to halt the strike and

Fuel distribution in Lagos and surrounding states now faces a full-scale shutdown. The Petroleum Tanker Drivers (PTD) arm of NUPENG began a strike on Monday, citing continued harassment of drivers by Lagos task force officials near the Dangote refinery and Ibeju-Lekki axis. In a memo issued early Monday, NUPENG directed members to stop all loading

Following Dangote Petroleum Refinery’s announcement to begin direct nationwide distribution of petrol and diesel from August 15, members of the Dangote Marketers Group, a platform of licensed depot marketers, have raised serious concerns, describing the development as a “death sentence” for their role in the downstream value chain. The marketers, who serve as intermediaries between

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has formally endorsed Petroleumprice.ng as the country’s top platform for fuel pricing, downstream petroleum news, and digital marketplace services. The association, which represents fuel retail outlets nationwide, described the endorsement as a recognition of Petroleumprice.ng’s role in promoting transparency, accuracy, and operational efficiency across the

The Dangote Petroleum Refinery temporarily suspended loading and dispatch operations on Thursday ahead of President Bola Ahmed Tinubu’s official visit. Petroleumprice.ng observed that gantry activities came to a standstill during the President’s arrival. Truck movement within the facility was also limited. The halt aligned with standard security and protocol arrangements for high-level visits. Security personnel

President Bola Ahmed Tinubu will tour the Dangote Petroleum Refinery on Thursday, June 6. A senior official close to the planning confirmed the development to Petroleumprice.ng. It will be the President’s first in-person look at the complex since he assumed office. The 650,000-barrel-per-day plant in the Lekki Free Zone refines and distributes petrol, diesel, cooking

The House of Representatives has launched a formal investigation into the unremitted 5% user charge on petrol and diesel sales funds legally earmarked for the Federal Roads Maintenance Agency (FERMA) to finance Nigeria’s road infrastructure. The charge, introduced in 2007, remains largely uncollected 17 years later. On March 19, 2025, lawmakers passed a resolution empowering

President Bola Tinubu has officially inaugurated the board and management of the Nigerian National Petroleum Company Limited (NNPCL), seven weeks after their initial appointment on April 2, 2025. At a brief ceremony held Thursday afternoon at the Aso Rock Villa in Abuja, Tinubu administered the oath of office to Ahmadu Kida, the Non-Executive Chairman, and

The Dangote Petroleum Refinery and Petrochemicals has announced a strategic partnership with Vinmar Group, a leading global distributor of petrochemicals, to export Nigerian-made polypropylene to international markets. This agreement marks a major step in positioning Nigeria as a competitive player in the global petrochemical value chain. The deal comes just months after the company’s $2