Tag: fuel
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Dangote Refinery Reportedly Switches Petrol Sales to Dollars, Ends Naira Transactions
By Opeyemi Adelakun Dangote Petroleum Refinery has officially ended naira-denominated sales of refined petroleum products, introducing a dollar-based pricing structure that fixes the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, at $0.779 per litre. The new pricing template, which took effect on July 13, 2026, also pegs Automotive Gas Oil (diesel)…
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Fuel Prices Fall Again As More Filling Stations Slash Pump Rates
By Opeyemi Adelakun Fresh relief has come for motorists as more filling stations across Nigeria have begun reducing the pump price of Premium Motor Spirit (petrol), following the recent downward review of ex-depot prices by Dangote Refinery. Checks in Abuja and neighbouring areas on Saturday showed that several independent marketers, including AA Rano, Ranoil and…
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IMF Proposes Fuel, Telecom Taxes for Nigeria
By Gloria Drealomalicha The International Monetary Fund (IMF) has advised Nigeria to consider introducing new taxes on fuel products and telecommunications services as part of broader efforts to increase government revenue and support economic development. The recommendation was contained in the IMF’s 2026 Article IV Consultation Report on Nigeria, which outlined measures the country could…
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Fuel: “Dangote Solved a Problem Nigeria Battled For Decades – President Ruto
By Paul Joseph Kenyan President William Ruto has credited Nigerian billionaire Aliko Dangote with playing a pivotal role in addressing Nigeria’s long-standing fuel scarcity, describing the development as a model for African-driven solutions. Speaking at a major infrastructure summit in Nairobi, Ruto noted that despite Nigeria’s status as one of Africa’s largest oil producers, the…
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Nigerians Once Ready to Pay ₦10,000 Per Litre for Fuel — Akpabio
By Editor Drealomalicha Emmanuella Senate President, Godswill Akpabio, has appealed to Nigerians to exercise patience with the administration of President Bola Ahmed Tinubu, assuring that ongoing economic reforms are beginning to deliver tangible improvements, particularly in the petroleum sector. Speaking against the backdrop of recent developments, Akpabio reflected on the country’s not-too-distant past, when fuel…
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Dangote Refinery Lowers Petrol Price to N865 per Litre
Dangote Petroleum Refinery has cut the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N880 per litre to N865 per litre, marking a 1.7% reduction. The decrease is a result of the drop in crude oil prices, which have fallen to $63 per barrel in April from over $70 per barrel…
