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Global energy markets are reeling as the Middle East conflict enters a volatile new phase. Crude oil prices surged by nearly 6% on Thursday, climbing to $108.3 per barrel after Iran dismissed a 15-point US peace proposal. Tehran labelled the plan “unfair” and “skewed” toward American and Israeli interests. The rejection abruptly reversed a brief…
The Dangote Petroleum Refinery has announced a sweeping reduction in the prices of petrol and diesel, effective March 10, 2026. In a move described by management as a reflection of “economic patriotism,” the gantry price of petrol (PMS) has been cut by ₦100, falling from ₦1,175 to ₦1,075 per litre. Diesel (AGO) saw an even…
The cost of Premium Motor Spirit (PMS) surged to ₦1,300 per litre across Nigeria on Monday, as the fallout from the US-Iran war reached domestic pumps. The price jump followed a fresh adjustment by the Dangote Petroleum Refinery, which raised its gantry price to ₦1,175 per litre. This marks the third upward revision by the…
