Connect with us

latest

Fuel Shock As Petrol Price Records 22% Increase Across Country.

Published

on

The National Bureau of Statistics (NBS) has reported that the average retail price of Premium Motor Spirit (PMS), commonly known as petrol, increased to ₦1,288.54 per litre in March 2026.....KINDLY READ THE FULL STORY HERE▶

This represents a 22.55 per cent rise compared to ₦1,051.47 recorded in February 2026, according to the agency’s latest data.

The report also showed a 2.13 per cent year-on-year increase when compared with ₦1,261.65 recorded in March 2025.

A state-by-state breakdown revealed notable price differences across the country.

Anambra recorded the highest petrol price at ₦1,441.22 per litre, followed by Sokoto at ₦1,377.55 and Borno at ₦1,375.16.

On the other hand, Lagos recorded the lowest average price at ₦1,162.71, while Ogun and Kaduna stood at ₦1,169.78 and ₦1,193.40 respectively.

Regionally, the North-East posted the highest average petrol price at ₦1,336.50, while the South-West recorded the lowest at ₦1,232.46.

The NBS also disclosed that the average price of Automotive Gas Oil (diesel) rose to ₦1,648.08 per litre in March 2026.

This marks a 3.05 per cent increase compared to ₦1,599.30 in March 2025, and a sharp 16.05 per cent jump from ₦1,420.17 recorded in February 2026.

Ebonyi recorded the highest diesel price at ₦2,262.29 per litre, followed by Akwa Ibom at ₦1,895.72 and Osun at ₦1,872.15.

Kogi posted the lowest diesel price at ₦1,383.40, while Katsina and Enugu recorded ₦1,438.25 and ₦1,480.06 respectively.

By zone, the South-East recorded the highest diesel price at ₦1,730.14, while the North-Central had the lowest at ₦1,593.11.

Cooking Gas Prices Also Rise

The report further showed a sharp increase in Liquefied Petroleum Gas (LPG) prices.

The average cost of refilling a 5kg cylinder rose by 12.60 per cent to ₦7,655.73 in March 2026, up from ₦6,799.18 in February.

Year-on-year, this reflects a 4.55 per cent increase from ₦7,322.49 recorded in March 2025.

Kaduna recorded the highest price for a 5kg refill at ₦9,212.21, followed by Lagos at ₦8,909.73 and Taraba at ₦8,802.78.

Bauchi recorded the lowest at ₦6,295.40, while Osun and Ondo stood at ₦6,457.35 and ₦6,598.10 respectively.

Regionally, the North-West recorded the highest LPG cost at ₦8,137.81, while the South-South had the lowest at ₦7,300.95.

For 12.5kg cylinders, the average refill price rose by 15.62 per cent to ₦19,652.83 in March 2026, up from ₦16,997.94 in February.

Year-on-year, this represents a 6.48 per cent increase from ₦18,456.24 recorded in March 2025.

Nasarawa recorded the highest price at ₦23,418.12, followed by Kaduna at ₦23,030.52 and Akwa Ibom at ₦22,816.74.

Bauchi recorded the lowest at ₦15,738.50, while Osun and Ondo stood at ₦16,143.38 and ₦16,495.25 respectively.

Advertisement

latest

Obi, Makinde Meet Privately As Speculation Grows Over Political Talks Ahead Of 2027.

Published

on

Former presidential candidate of the Labour Party (LP), Peter Obi, on Tuesday held a closed-door meeting with Oyo State Governor, Seyi Makinde, in Ibadan.....KINDLY READ THE FULL STORY HERE▶

learnt that the meeting took place at the Governor’s Office in the Secretariat, Ibadan, less than 72 hours after a major opposition gathering held in the state capital.

The summit had drawn prominent political actors and stakeholders from across the country as discussions intensify around building a coalition ahead of the 2027 general elections.

Although the agenda of the meeting was not officially disclosed, a source familiar with the development told Vanguard that it formed part of wider consultations among opposition leaders.

The source said both politicians were involved in “strategic political consultations” aimed at strengthening unity within the opposition and exploring possible alliances.

The meeting also followed Obi’s recent engagement with former President Goodluck Jonathan.

After that earlier meeting, Obi explained that his consultations were tied to preparations for the 2027 elections, which he described as important for Nigeria’s future direction.

He said discussions centred on efforts to reposition the country and encourage broader collaboration among leaders to drive national progress.

Obi added that the 2027 elections should be seen not just as another political contest, but as a key opportunity to reset and rebuild Nigeria.

Continue Reading

latest

Ndume Commends Tinubu Over Disruption Of Terrorist Supply Chain.

Published

on

Former Senate Leader, Ali Ndume, has commended President Bola Tinubu for approving ₦68 billion as operational support for the Maiduguri Emergency Power Plant (MEPP), saying the intervention will help improve security in Borno State.....KINDLY READ THE FULL STORY HERE▶

Ndume, who represents Borno South, said in a statement on Tuesday that the decision reflects the federal government’s responsiveness to the long-standing complaints of residents affected by persistent electricity shortages.

He argued that restoring stable electricity would also help disrupt what he described as the recruitment pipeline for terrorists by improving economic activity and reducing idle youth involvement in crime.

According to him, reliable power supply would strengthen the informal sector and boost small and medium-scale enterprises, while also supporting military efforts against insurgency, which he said thrives in darkness and poor visibility.

Ndume stated that he joined Borno State Governor Babagana Zulum and other stakeholders in appreciating President Tinubu for what he described as a timely and impactful intervention.

He said the funding for the Maiduguri Emergency Power Plant would serve as a lifeline for economic recovery in the state.

“The fund released to the Maiduguri Emergency Power Plant is a lifeline that would ultimately engender economic activities, particularly operations of medium and small-scale enterprises (SMEs),” he said.

He added that improved economic conditions would help reduce vulnerability to terrorist recruitment.

Ndume also urged government agencies, security forces, and residents to protect power infrastructure from vandalism or attacks by insurgents.

He called for greater vigilance, stressing that citizens must support security agencies in safeguarding critical facilities.

He further noted that stable electricity would not only boost livelihoods but also contribute to long-term efforts to improve security in the region.

Continue Reading

latest

2027: Lagos GAC Endorses Hamzat As Consensus Governorship Candidate.

Published

on

The Governance Advisory Council (GAC), the highest decision-making body of the All Progressives Congress (APC) in Lagos State, has endorsed Deputy Governor Obafemi Hamzat as its consensus candidate for the 2027 governorship election.....KINDLY READ THE FULL STORY HERE▶

The development was announced on Tuesday by the Senior Special Assistant to Governor Babajide Sanwo-Olu on New Media, Jubril Gawat, via a post on .

According to Gawat, the endorsement was reached during a meeting held at Lagos House, Marina.

“FLASH: The Governance Advisory Council (GAC) today unanimously endorsed and adopted the Deputy Governor of Lagos State, Dr Obafemi Hamzat, as consensus candidate for the 2027 elections in Lagos State,” he wrote.

He added that the announcement was made by the leader of the council, Alhaji Tajudeen Olusi.

Gawat further disclosed that members of the council also went a step further by paying for Hamzat’s nomination form.

“Alhaji Prince Tajudeen Oluyole Olusi spoke on behalf of the GAC today at Lagos House, Marina. The GAC members also announced that they paid for his nomination form,” the post stated.

The endorsement reflects a strong display of unity within the Lagos APC ahead of the 2027 elections.

The development also comes just a day after Governor Babajide Sanwo-Olu publicly declared Hamzat his preferred successor.

Sanwo-Olu made the announcement after a closed-door meeting at Lagos House, Marina, where the deputy governor formally informed party leaders and members of the State Executive Council of his intention to run.

Speaking after the meeting, the governor described Hamzat as capable and well-prepared for leadership.

“We just received Mr Deputy, who came with a very strong delegation of our leaders in the state to inform us of his intention to contest for the governorship position of the state.

“It was unanimous among all of us that Mr Deputy Governor is a man who is fit and well-prepared for this job. He is a man who knows where all the rooms in the house are,” Sanwo-Olu said.

He also commended Hamzat’s integrity, loyalty, dedication, and experience, saying he possesses the qualities needed to lead the state.

Continue Reading

Trending

Copyright © 2023 NIVONEWS