For Adverts / Inquiries
08024545197Precious Innocent
Iran has struck another oil tanker in the Strait of Hormuz, with the United Arab Emirates accusing Tehran of targeting a vessel affiliated with Abu Dhabi National Oil Company (ADNOC), adding fresh pressure to a waterway central to global crude and petroleum product flows.
Nigeria’s downstream petroleum market recorded mixed depot price movements between Monday, August 10 and Friday, August 14, 2026, as PMS and AGO prices shifted across Lagos, Warri, Port Harcourt and Calabar. The latest weekly review by Petroleumprice.ng shows that while some depots raised their prices, others reduced their rates or held steady.
The Nigerian Upstream Petroleum Regulatory Commission is working on a domestic crude oil and gas swap arrangement aimed at reducing supply costs and improving feedstock availability for local refineries.
Nigeria’s latest push to revive its state-owned refineries must move beyond rehabilitation promises and commissioning ceremonies, the Petroleum Products Retail Outlets Owners Association of Nigeria has warned, as it calls for a binding agreement that makes contractors and technical partners accountable for actual production.
Petrol prices in Calabar are coming under increasing pressure as competing marketers push depot prices lower, narrowing the gap with Lagos, Nigeria’s traditional low-price hub for refined petroleum products
Looking for more?
Explore All News →We use analytics cookies to understand how visitors use Petroleumprice.ng and improve the site. No data is sold or shared with advertisers.