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Nigeria’s daily importation of Premium Motor Spirit, commonly known as petrol, climbed sharply by 96.6 percent in March 2026, reaching 5.9 million litres per day, up from 3.0 million litres per day recorded in February. The figures were published on Tuesday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in its monthly fact…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced an upward adjustment in the Domestic Base Price of natural gas, setting the new rate at $2.18 per Million British Thermal Units effective April 1, 2026. The new pricing structure represents a five-cent increase from the 2025 rate of $2.13 per MMBtu applicable…
Vessels carrying 129,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil are scheduled to dock at Nigerian ports between March 14 and 17, 2026, even as the Nigerian Midstream and Downstream Petroleum Regulatory Authority maintains that no new petrol import licences have been issued this year. The arrivals, documented in the Nigerian Ports…
The Federal Government has suspended the issuance of petrol import licences for a second consecutive month, signalling a hard pivot toward domestic self-sufficiency. This move, enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marks the first significant application of the Petroleum Industry Act (PIA) provisions that restrict imports unless local supply fails…
Nigerian households are facing a sharp increase in energy costs as the escalating US-Israel-Iran war disrupts global natural gas production and shipping. Local depot owners raised the price of Liquefied Petroleum Gas (LPG) by an average of ₦100 per kilogram on Tuesday. Major distributors, including Nipco Plc and Navgas Limited, have adjusted their rates to…
