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energy market

Petrol Hits N1,400 as Global Crude Rallies
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Petrol Prices Drop 15.6% Despite Monthly Volatility

Ebenezer Chukwudi3 months ago3 months ago02 mins

The National Bureau of Statistics reports that average retail petrol prices fell by 15.6 per cent year-on-year by February 2026. Data confirms the average cost reached ₦1,051.47, down from ₦1,245.80 in February 2025. This annual decline suggests a slight cooling in the downstream oil sector since the shock of the 2023 subsidy removal. Yet, the…

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Dangote Refinery Exports 456,000 Tonnes to African Markets
  • Breaking News

Dangote Refinery Hikes Petrol Price as Global Crude Hits $80

Babatunde Junaid5 months ago5 months ago03 mins

The Dangote Petroleum Refinery has raised its petrol ex-depot price by 100 Naira, taking the rate from 774 Naira to 874 Naira per litre. Management implemented the change on Monday following a sharp rise in global crude oil prices, which surged past the $80 per barrel mark overnight. The refinery briefly suspended petrol loading at…

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Recent Posts

  • Chude Jideonwo Debuts Scripted Political Drama ‘Madam President’
  • Greek Air Defence Intercepts Missiles Over Saudi Refineries
  • Voter Registration Deadline Ends Sunday, July 26 -INEC
  • Atiku Rejects Obasanjo’s Na’Abba Bribery Allegations
  • BBNaija Season 11 Premieres With Record N160m Prize

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