Nigerian politician Makinde said the country's oil resources must deliver measurable benefits to citizens, arguing that Nigerians should not pay international-equivalent prices for crude supplied to local refineries when the resource is produced domestically. The remarks, reported by Channels Television, come amid discussions around the 2027 election period and ongoing debates over fuel pricing and local refining policy in Nigeria.

Petrol imports into Nigeria are continuing despite growing domestic supply from the Dangote Refinery, according to Legit.ng. Fresh cargoes of petrol have arrived at coastal terminals as marketers keep sourcing the product from abroad, even as the refinery increases output across major markets. The report raises questions about why imports persist alongside rising local production.

Nigeria's National Agency for Food and Drug Administration and Control (NAFDAC) said it lacks direct and absolute regulatory oversight over unbranded palm oil, fufu and other traditionally packaged staple foods sold in open markets. According to Vanguard, Director-General Prof. Mojisola Adeyeye made the disclosure while briefing journalists in Abuja on Monday, highlighting limits in the agency's supervision of informal food trade.

Nigerian motorists could see cheaper petrol once the country's domestic refining industry becomes stronger, more competitive and financially sustainable, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Petrol currently sells at about N1,310 to N1,350 per litre in many parts of Nigeria, after prices rose from previous levels. The regulator's comments link future fuel affordability to the growth and viability of local refining capacity.

Global oil prices have decreased to levels not seen since before the US-Iran war, leading to expectations for lower petrol prices, according to Daily Trust. Despite this drop, fuel prices in Nigeria continue to exceed N1,000, raising concerns about the slow transmission of global market changes to local consumers and businesses.

A report by Tribune Online traces the rise of Nigeria's petrol prices from N20 per litre in 1999, at the start of civilian rule under President Olusegun Obasanjo, to more than N1,000 per litre in several parts of the country under President Bola Tinubu. According to the report, current pump prices vary depending on location, marketer and prevailing market conditions. The article reviews how fuel costs have evolved across successive Nigerian administrations over more than two decades.