NNPC

2024 - 9 - 17

Petrol Prices Soar! NNPC and Dangote Are at It Again!

Dangote Refinery - Fuel Price Hike - Nigerian Petroleum Market - NNPC - Oil Pricing - Premium Motor Spirit (PMS) - Pump Prices

Hold onto your wallets, Nigeria! NNPC just announced petrol prices are on the rise, and we’ve got the juicy details straight from Dangote Refinery!

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stirred the cauldron of petrol pricing again, and this time it’s an important disclosure that every driver and bike rider should pay attention to. The state oil firm has confirmed the estimated pump prices for Premium Motor Spirit (PMS), also known to many as petrol, sourced from none other than the Dangote Refinery. The revealed prices have raised eyebrows in different states, particularly in Lagos where the cost has hit N950 per litre, while some states like Borno are seeing figures as high as N1,019. With the recent announcement, those fueling their vehicles may need to rethink their budgets as they brace for a tumble in their pockets.

Things got a bit heated when NNPC insisted that their petrol procurement was firmly planted at the price of N898 per litre, which has become quite the topic of conversation and debate. This claim was made while the NNPC also released another sneaky breakdown of petrol pricing, and it seems that regional variations are making the fuel economy dynamics even trickier. Just when you think you’ve wrapped your head around one price, NNPC shares a new breakdown that laughs in the face of end-of-month spending plans. How’s that for a not-so-pleasant surprise?!

The drama doesn’t end there. A recent 11% increase in petrol prices has left many baffled—this being the second increase in just two weeks! It's starting to feel like a never-ending price surge party, and everyone seems to be invited. The NNPC’s poke at Dangote, requesting “any discount” while petrol prices continue to shoot up, has thrown a new twist into the fuel game. Could we see a future where discounts are the new luxury? Only time will tell!

For those keeping an eye on their fuel expenses, it’s vital to note that regional price discrepancies could mean a change in trip planning or that spontaneous weekend getaway may just have to wait! Interestingly, the average Lagos resident now needs to factor in petrol prices when considering their weekend plans, with prices becoming as unpredictable as Nigerian weather. So, whether you’re planning a quick drive to explore the city or a longer journey, remember to fill up that tank wisely,

Did you know that the Dangote Refinery is touted as one of the largest single-train refineries in the world? It's amazing to see how local industry can affect national prices so quickly. Moreover, NNPC's ever-evolving price listings showcase just how complex the Nigerian fuel market is—let’s just say understanding petrol prices in Nigeria could equate well to deciphering calculus for some! Buckle up, Nigeria; the fuel rollercoaster is just getting started!

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Image courtesy of "NNPC Ltd"

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote ... (NNPC Ltd)

The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations ...

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Image courtesy of "Internatinal Centre For Investigative Reporting"

How we arrived at N898/litre, as NNPC counters Dangote (Internatinal Centre For Investigative Reporting)

THE Nigerian National Petroleum Company Limited (NNPC) has insisted that it purchase Premium Motor Spirit (PMS), known as petrol, at a pump price of N898 ...

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Image courtesy of "The Punch"

NNPC releases another estimated petrol price breakdown (The Punch)

The Nigeria National Petroleum Company Limited has released another version of the breakdown of the estimated price of petrol bought from the Dangote ...

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Image courtesy of "CNBCAfrica.com"

Nigeria's NNPC raises petrol prices again as Dangote fuel hits market (CNBCAfrica.com)

ABUJA, Sept 16 (Reuters) – Nigerian state oil firm NNPC Ltd on Monday increased the price of petrol by 11%, the second increase in two weeks and a day after ...

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Image courtesy of "Arise News"

N950/Litre in Lagos: NNPC Reveals Pump Price Of Dangote Petrol ... (Arise News)

NNPC has confirmed petrol prices from Dangote Refinery across Nigeria will be sold at N950/litre in Lagos, N1,019 in Borno. Early Monday norning, the NNPC ...

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Image courtesy of "Nairametrics"

NNPC begs Dangote Refinery for “any discount” as petrol price hits ... (Nairametrics)

The chart shows significant regional variations in fuel prices across the country. According to the NNPC, this potential discount, if granted, would be passed ...

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Image courtesy of "Economic Confidential"

NNPC Announces Estimated PMS Price for Dangote's Refinery ... (Economic Confidential)

The Nigerian National Petroleum Company (NNPC) has released a statement outlining the estimated prices of Premium Motor Spirit (PMS), also...

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Image courtesy of "21st CENTURY CHRONICLE"

NNPC releases Dangote petrol prices: Borno N1,019, Kano N999 ... (21st CENTURY CHRONICLE)

The Nigerian National Petroleum Company Limited (NNPC Ltd.), has released estimated prices of petrol obtained from the Dangote Refinery in its retail ...

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Image courtesy of "THISDAY Newspapers"

Oil Marketers: It Makes No Sense for NNPC to Sell Locally Sourced ... (THISDAY Newspapers)

•National oil firm makes adjustment to breakdown of prices from Dangote refinery. Emmanuel Addeh in Abuja. Oil marketers yesterday argued that it wasn't ...

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Image courtesy of "Daily Trust"

NNPC issues fresh estimated petrol price breakdown - Daily Trust (Daily Trust)

The Nigerian National Petroleum Company (NNPC) Limited has released an updated breakdown of the estimated price of petrol purchased from the Dangote ...

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Image courtesy of "Reuters"

Nigeria's NNPC raises petrol prices again as Dangote fuel hits market (Reuters)

Nigerian state oil firm NNPC Ltd on Monday increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the ...

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Image courtesy of "BBC News"

Fuel price in Nigeria - NNPC estimated pump price of petrol for ... (BBC News)

Meanwhile, Dangote refinery bin don respond to one statement dem say dem go say PMS at N898 per litre to NNPCL. According to dem, di statement dey both ...

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Image courtesy of "Arise News"

Oil Marketers Criticise NNPC for Selling Dangote Refinery Petrol ... (Arise News)

Oil marketers have questioned NNPC's petrol pricing, arguing Dangote's local fuel shouldn't exceed imported prices. Oil marketers on Monday argued that it ...

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Image courtesy of "Nigeria Info FM"

NNPC Did Not Pay Cash for Petrol from Dangote Refinery - Economist (Nigeria Info FM)

An economist, Kelvin Emmanuel, says the 16.8 million liters of petrol lifted from the Dangote refinery by the NNPC on Sunday was not paid for in cash ...

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Image courtesy of "Daily Post Nigeria"

NNPC frustrating Dangote Refinery with recent Fuel Price Hikes ... (Daily Post Nigeria)

The Executive Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, has said that the Nigerian National Petroleum Company Limited is.

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Image courtesy of "NNPC Ltd"

NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote ... (NNPC Ltd)

PRESS RELEASE The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its ...

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Image courtesy of "TheCable"

EXPLAINER: NNPC vs Dangote refinery… what to know about the ... (TheCable)

On September 15, the Nigerian National Petroleum Company (NNPC) Limited Company commenced lifting petrol from the Dangote Petroleum Refinery, ...

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Image courtesy of "TheCable"

NNPC: Why oil marketers can't import petrol (TheCable)

The Nigerian National Petroleum Company (NNPC) Limited says oil marketers can not import or buy petrol from Dangote Petroleum Refinery...

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Image courtesy of "Businessday.ng"

Marketers yet to lift Dangote petrol from NNPC over price ... (Businessday.ng)

Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery...

NNPC Ltd/TotalEnergies' $550m Ubeta Upstream Gas Project Takes ... (NNPC Ltd)

PRESS RELEASE The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, ...

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Image courtesy of "The Punch"

NNPC, TotalEnergies kick-off $550m Ubeta field investment (The Punch)

The NNPCL has kicked off the $550 million upstream gas project signed with TotalEnergies on the development of the Ubeta field.

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Image courtesy of "The Whistler NG"

NNPC, TotalEnergies Kick-Off $550m Investment For Ubeta Field ... (The Whistler NG)

The Nigerian National Petroleum Company Ltd (NNPCL) has kicked off the $550m upstream gas project which it signed with TotalEnergies on the development of.

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Image courtesy of "iAfrica.com"

Nigeria's NNPC Hikes Fuel Prices as Dangote Refinery Begins ... (iAfrica.com)

Nigeria's state oil firm NNPC Ltd has raised petrol prices by 11%, the second such increase in two weeks, a day after it began purchasing fuel from the $20 ...

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Image courtesy of "Tekedia"

Nigerian Govt. Announces the Commencement of the $550m NNPC ... (Tekedia)

The $550 million Ubeta Upstream Gas Project, a collaboration between NNPC Ltd. and TotalEnergies, has officially commenced, marking a significant milestone ...

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