The Chamber of Oil Marketing Companies (COMAC) is projecting a decline in petrol and Liquefied Petroleum Gas (LPG) prices at the pumps for the first pricing window of November 2026, while diesel prices are expected to record a marginal increase. According to COMAC’s November 1 price outlook, petrol prices are expected to decline by between...
Category: Fuel Price
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Petrol prices tipped to fall from Nov. 1 as diesel floor rises
Petrol prices could fall at the pump from November 1, 2026, while diesel prices may rise marginally after the National Petroleum Authority (NPA) adjusts its price floors. Market data obtained indicates that the petrol price floor has been reduced from GH¢16.09 to GH¢15.39 per litre for the November 1–15 pricing window. The diesel floor, however,...
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TINUBU RULES OUT RETURN TO FUEL SUBSIDY, SAYS NIGERIA CANNOT AFFORD TO GO BACK
TINUBU RULES OUT RETURN TO FUEL SUBSIDY, SAYS NIGERIA CANNOT AFFORD TO GO BACK President defends 2023 policy, insists subsidy removal was necessary to prevent economic collapse By Energy Crossroad | October 20, 2026 President Bola Ahmed Tinubu has ruled out any return to Nigeria’s petrol subsidy regime, insisting that reversing the policy would...
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NNPCL Raises Petrol Price to ₦1,405 Per Litre Despite FG’s Relief Package
Energy Crossroad The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol at its retail outlets from ₦1,370 to ₦1,405 per litre, raising concerns over the rising cost of fuel despite the Federal Government’s relief measures. The increase comes days after the Federal Government announced a 30-day petrol discount at NNPCL...
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Fuel prices begin to fall as Star Oil cuts petrol to GH¢16.45
Some oil marketing companies (OMCs) have begun reducing fuel prices at the pumps as the second pricing window for October takes effect. Star Oil reduced its petrol price from GH¢16.64 to GH¢16.45 per litre, effective 8am on Friday, October 16, 2026. Other OMCs have told JoyBusiness they intend to review their prices, although some say...
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COMAC Projects Drop in Petrol and Diesel Prices, LPG to Rise Sharply in Second October Window
The Chamber of Oil Marketing Companies (COMAC) has projected a decline in ex-pump prices of petrol and diesel by between 1.20% and 1.67%, and 2.60% and 3.32%, respectively, in the second pricing window of October. However, liquefied petroleum gas (LPG) prices are expected to rise sharply by between 16.98% and 18.50% over the same period....
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NPA sets petrol price floor at GH¢16.09, diesel at GH¢17.09 for second half of October
The National Petroleum Authority (NPA) has set the minimum ex-pump price floor for petrol at GH¢16.09 per litre and diesel at GH¢17.09 per litre for the second pricing window of October 2026. The new price floors will apply from October 16 to 31, according to a notice issued by the Authority on Monday, October 12,...
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Nigeria Petrol Prices Hit ₦1,900/Litre Despite FG’s 30-Day Discount By Energy Crossroad
Petrol prices in Nigeria remain under pressure despite the Federal Government’s announcement of a 30-day discount on fuel sold by the Nigerian National Petroleum Company Limited (NNPC), raising concerns over the impact of global oil market developments on domestic consumers.The Federal Government announced the temporary price relief on October 8, 2026, as part of efforts...
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Nigeria Introduces 30-Day Fuel Price Relief as Cost Pressures Mount.
Nigeria Introduces 30-Day Fuel Price Relief as Cost Pressures Mount. Abuja _Thursday October 8th 2026 The Federal Government has announced a 30-day discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators set to receive priority under the temporary measure. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the measure while addressing the issue of rising petrol prices and its impact on Nigerians. Oyedele said the initiative is not a return to the fuel subsidy regime, stressing that the government is instead asking NNPCL to make petrol available at cost during the 30-day period. “We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days in the first instance with priority for public transporters nationwide. So, it’s not a subsidy, government is just saying we sell to you at cost.” According to the minister, the temporary intervention is intended to provide relief to Nigerians, particularly commuters who have been affected by the rising cost of transportation following increases in petrol prices. The announcement comes amid growing concerns over the impact of fuel prices on transportation costs, household expenses and business operations across the country. The Federal Government maintains that the arrangement should not be interpreted as a return to the petrol subsidy system, which was removed under President Bola Ahmed Tinubu’s administration. The development will be closely watched by consumers and transport operators as the government begins implementation of the 30-day measure and assesses its impact on petrol prices and transportation costs nationwide.
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Atiku Dismisses Tinubu’s Proposed 30-Day Fuel Discount as ‘Political Publicity Stunt’
Former Nigerian Vice President, Atiku Abubakar, has criticised the Federal Government’s proposed 30-day fuel discount at NNPC retail stations, describing the initiative as a politically motivated measure that fails to address the country’s worsening cost-of-living crisis. In a statement issued on October 8 by Phrank Shaibu, Director of Strategic Communication for the ADC Presidential Campaign...