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Tag: Price

Dangote Refinery Reduces Petrol And Diesel Prices By ₦100

Wale busari01 mins

Dangote Refinery has lowered the prices of petrol and diesel at its gantries, effective March 10, 2026. The refinery’s new pricing template shows that petrol has been reduced by ₦100, bringing the gantry price down from ₦1,175 per litre to ₦1,075 per litre. For coastal supply, petrol (PMS) will now sell at ₦1,050 per litre, reflecting minor adjustments for maritime distribution costs. Diesel, or Automotive Gas Oil (AGO), has also seen a significant reduction, dropping ₦190 from ₦1,620 to ₦1,430 per litre at the gantry. Dangote Refinery emphasized that these gantry prices exclude fees imposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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Nigeria’s Inflation Slows To 16.05% In October, Food Prices Ease

Wale busari01 mins

Nigeria’s inflation rate slowed to 16.05 per cent in October 2025, continuing a steady decline over the past several months, the National Bureau of Statistics (NBS) has revealed. According to the NBS Consumer Price Index and Inflation report shared on its verified X (formerly Twitter) account on Monday, the figure represents a drop from 18.02 per cent recorded in September. On a month-to-month basis, however, headline inflation increased slightly by 0.93 per cent. The report also indicated a modest relief in food prices, with food inflation decreasing by 0.37 per cent compared to the previous month. This marks the seventh straight month in which Nigeria’s inflation rate has eased, signaling gradual relief for consumers amid ongoing economic pressures.

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