
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
NOGASA and PETROAN warn that Dangote Refinery's control over fuel distribution could lead to shortages, job losses, and the collapse of small businesses.
Marketers and consumers kicked against the proposed five per cent petroleum tax due to commence in January 2026, saying it will increase hardship.
The National Bureau of Statistics has revealed that petrol prices in Nigeria have increased, and it has also disclosed the states with the highest and lowest costs.
Petrol prices at various depots as increased again following the rise in crude oil prices after President Donald Trump's pressure on Russia over its war in Ukraine.
Discover how African billionaires like Abdul Samad Rabiu and Johann Rupert are seeing significant wealth gains in 2025, driven by diverse industries such as food.
Dangote Refinery and depot operators have increased their ex-depot prices to N865 per litre from N825, according to pricing data monitored by Legit.ng recently.
The Mega Dangote Refinery denied plans to shut down the 650,000 bpd-capacity refinery for maintenance in December, labelling the report as illogical.
Petrol and diesel prices surged across major depots in Lagos, Warri, and Port Harcourt as global crude oil rates spike. Pump prices are expected to change.
The Nigerian government is set to earn about 794 billion per annum from the proposed five per cent levy on petroleum products, including fuel and diesel.
Energy
Load more