Dangote: Fuel price update in Nigeria amid global oil market swings

Retail substance prices crossed Nigeria person remained mostly unchanged implicit the past week, contempt ongoing volatility successful the planetary crude lipid market.

A marketplace survey by DAILY POST shows that petrol prices ranged betwixt N1,290 and N1,370 per liter astatine filling stations nationwide.

This pricing inclination was observed astatine outlets operated by the Nigerian National Petroleum Company Limited, arsenic good arsenic autarkic marketers including MRS, NIPCO, Ranoil, AA Rano, Total, Emedab, and Bovas crossed Abuja, Niger, Kogi, and Lagos States.

At the proviso level, the gantry terms of petrol astatine the Dangote Refinery remained astatine N1,200 per liter. Meanwhile, depot owners specified arsenic AA Rano, Sobaz, and Soroman sold petrol astatine ex-depot prices ranging from N1,220 to N1,230 per liter.

President of the Dangote Group, Aliko Dangote, confirmed connected Tuesday that the refinery received 10 crude cargoes from the NNPC successful March 2026, according to Bloomberg.

The ‘temporary’ stableness successful home substance prices comes amid turbulence successful the planetary lipid marketplace successful the past six weeks, triggered by tensions linked to the Iran-United States struggle successful the Middle East.

As of Thursday morning, planetary lipid benchmarks, inclu...