LA' FAN

22/03/2026

As of March 22, 2026, NNPC filling stations have increased petrol pump prices to between ₦1,200 and ₦1,400 per litre in major cities, marking a 30–40% surge. This follows recent adjustments in ex-depot prices, with reports indicating Lagos outlets are now retailing around ₦1,025 to over ₦1,300 per litre depending on the station, driven by global market volatility.

Key Fuel Price Details (March 22, 2026):

NNPC Stations (Lagos/Abuja): Prices have increased to approximately ₦1,025–₦1,350+ per litre, rising from previous rates of ₦900–₦1,000.

Dangote Refinery: Increased ex-depot prices to ₦1,245 per litre, up from ₦1,175, effective March 21, 2026.
Marketer Stations (MRS/NIPCO): Prices reported between ₦1,070 and ₦1,332 per litre.

Cause: The hike is driven by high international crude oil prices (surpassing $80/barrel) and increased operational costs.

Note: Fuel prices in Nigeria are currently deregulated, leading to rapid, location-based fluctuations.

11/02/2026

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African Church Model College, 2002 set reunion.

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18/12/2025

US gas prices are falling toward a five-year low as a combination of rising supply and weakening demand eases pressure at the pump. Regular unleaded averaged $2.89 a gallon on Tuesday, the lowest level since April 2021, according to GasBuddy. The drop is being driven by multiyear lows in oil prices, increased production from OPEC. Softer winter demand and long-term declines in fuel consumption have also contributed.

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17/12/2025

Here is it again....

Oil prices on Tuesday dropped to their lowest point since 2021.

15/12/2025

Agribusiness: the backbone of modern farming

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15/12/2025

Pipeline vandalization in Nigeria: A historical overview

13/12/2025

Dangote Refinery Cuts Petrol Price To N699 Per Litre

The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 to N699 per litre, marking a N129 (15.58%) drop in the Premium Motor Spirit benchmark. The adjustment, effective December 11, 2025, is the refinery’s 20th petrol price change this year, according to Petroleumprice.ng.

An anonymous refinery official confirmed the new price, emphasizing that it reflects the company’s ongoing commitment to affordable fuel. The reduction follows remarks by Dangote after a meeting with President Bola Tinubu, where he pledged continued price declines as the refinery increases output and competes with imported products.

Dangote noted that smuggling has slightly reduced but remains a challenge, as Nigerian fuel is about 55% cheaper than in neighboring countries. He stressed that the refinery’s goal is long-term market presence rather than quick profit, assuring that petrol and diesel will remain reasonably priced.

Following the Dangote adjustment, several private depots also lowered rates. Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic by N3, and TechnoOil by N15. Other depots, including A.A. Rano, NIPCO, and Aiteo, made marginal adjustments in response to the new Dangote pricing structure.

This price cut reflects Dangote Refinery’s strategy to stabilize domestic fuel prices despite global market fluctuations and border smuggling challenges.