4 articles tagged with “fuel prices”
Dangote Refinery has reduced the price of PMS to ₦1,075 per litre, marking a N200 reduction within one month, while opening its loading gantry to all qualified marketers.
Consumers in Nigeria and South Africa are seeing fuel price reductions as improved domestic supply and lower global crude oil prices ease inflationary pressures.
The Nigerian federal government has called on petrol marketers to reduce fuel prices following a decline in global crude oil prices, reaffirming its commitment to deregulation under the Petroleum Industry Act.
Nigerians faced sustained energy cost inflation in May 2026, as diesel prices surged 86%, petrol rose 55%, and kerosene climbed 37% year-on-year, deepening economic strain on households and businesses.