Tag: Crude Oil
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Dangote Refinery Raises Petrol Price To N1,200/Litre Despite Falling Crude Prices
By Opeyemi Adelakun Dangote Petroleum Refinery has increased the price of Premium Motor Spirit, popularly known as petrol, from N1,185 to N1,200 per litre, in another adjustment that could put further pressure on consumers and transport operators. The latest increase takes effect Wednesday, August 26, 2026, according to a price communication issued to customers by…
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Marketers Resist Petrol Price Cut Despite Crude Oil Decline
By Opeyemi Adelakun Petroleum marketers have ruled out an immediate reduction in the pump price of Premium Motor Spirit (PMS), despite the continued decline in global crude oil prices to about $70 per barrel. The resistance comes amid growing calls from consumers and the Federal Government for lower petrol prices following the sustained drop in…