The prices of liquefied petroleum gas, or cooking gas, have decreased in various regions of Nigeria following a period of increase attributed to supply constraints. Retail outlets in Abuja reported a drop in prices, with costs falling between N1450 and N1500 per kilogram, down from N1700 at AA Shafa and Ranoil in Dutse.

Depot prices for Premium Motor Spirit (PMS), or petrol, have decreased across various terminals in Lagos, with Rain Oil leading the reduction by cutting prices by N18 per litre. Additionally, diesel prices have also seen a significant drop, falling by up to N70 per litre. This adjustment in prices comes as petroleum marketers respond to changing supply dynamics in Nigeria's downstream oil market, according to Vanguard Business.

Filling stations in Nigeria, including MRS, AA Rano, and NIPCO, have decreased petrol prices following a reduction in the ex-depot price by Dangote Refinery to N1,075 per litre. This price cut has provided relief to consumers across the country.

Dangote Petroleum Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, valued at N757 billion, according to Punch. This achievement surpasses shipments from the United States, positioning Nigeria as a significant player in the jet fuel market.

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.

The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit pump price for the second time in less than two weeks, lowering it from N1,210 to N1,150 per litre. This adjustment was confirmed by a market survey conducted by DAILY POST.