Business
BREAKING: Marketers Increase Fuel Prices Nationwide, as US-Iran War Escalates, New Rates Emerge
Fresh petrol prices have emerged across major depots in Nigeria as marketers adjusted rates upward in response to growing uncertainty in the global oil market following renewed hostilities in the Middle East.
The latest pricing released shows that several depot operators have increased the ex-depot cost of Premium Motor Spirit (PMS), popularly known as petrol, amid concerns that escalating tensions between the United States and Iran could disrupt global crude oil supplies.
Industry observers say the adjustments are largely precautionary, with marketers seeking to cushion the impact of any sharp rise in international crude prices should the crisis worsen.
The fresh increase comes after tensions flared in the Gulf region, with Iran announcing the closure of the strategic Strait of Hormuz following the expiration of its ceasefire arrangement with the United States.
According to reports, Tehran accused a commercial vessel of violating its maritime regulations and carrying out hostile activities, prompting the Islamic Revolutionary Guard Corps (IRGC) to intercept and strike the ship.
The IRGC said the vessel had travelled through an “unapproved route” and had switched off its tracking systems, adding that the Strait of Hormuz would remain closed “until further notice” and until what it described as the end of US interference in the region.
In response, the United States Central Command (CENTCOM) confirmed carrying out military strikes on more than 140 Iranian military targets, including missile launch sites, drone facilities, naval assets, ammunition depots and surveillance infrastructure. Washington said the operation was aimed at protecting civilian and commercial shipping through the strategic waterway.
The latest developments have heightened fears of disruptions to global oil exports, with the Strait of Hormuz serving as one of the world’s busiest energy transit routes.
Data from PetroleumPriceNG indicates that depot petrol prices increased by an average of 0.46 per cent compared to previous rates.
The fresh adjustments signal a departure from the previous benchmark of around N1,075 per litre at several depots.
Business
Canada Publishes 2 Official Websites to Find Jobs, Says Over 2,000 Vacancies Are Posted Daily
Canada has made it easier for unemployed individuals and foreigners who wish to live and work in the country to find jobs that can help them live comfortably and meet their basic responsibilities.
On the official Canadian government website, two links are provided to websites where job seekers can find available jobs in Canada
According to the Canadian government website, applicants who apply for jobs through these platforms can get hired by different companies, as more than 2,000 jobs are posted every day.
Aside from these two websites, the Canadian government explains that individuals can also use employment agencies to help them find jobs that match their skills.
A job seeker can also ask friends or family members if there are job openings or vacancies, as not all positions are advertised on these websites.
1. Job Bank
The Canadian government explains that thousands of jobs are advertised on this platform every day by organisations and companies. The link to access the website can be found in the detailed post published on the Canadian government website.
2. Jobs GC
Another website where foreigners who wish to work in Canada or Canadian citizens can find government jobs is the Jobs GC website. Federal public service jobs are advertised on the website, alongside several other opportunities that may match an applicant’s skills.

Business
JUST IN: Dangote Confirms N200 Petrol Price Reductions Nationwide; New Price Emerges
Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within a month as the company said it continues to pass lower production costs to consumers despite still processing crude oil purchased at significantly higher international prices.
The latest N50 per litre reduction brings the cumulative decrease in the refinery’s PMS ex depot price to N200 per litre since May 30, 2026, reducing the gantry price to 1, 075. Over the same period, the refinery has reduced the ex-depot price of Automotive Gas Oil (AGO) by N300 per litre and Jet A1 aviation fuel by N520 per litre.
The company said the successive reductions demonstrate its commitment to ensuring Nigerians benefit from favourable market developments while maintaining the long-term sustainability of domestic refining operations.
In a statement issued on Thursday, the Dangote Refinery explained that petroleum product pricing cannot mirror daily movements in international crude oil markets because crude is purchased weeks, and sometimes months, before it is processed. According to the refinery, the petroleum products currently being supplied to the market are being produced from crude inventories acquired during periods of substantially higher prices.
It disclosed that the average landed cost of crude processed stood at approximately US$124.80 per barrel in May and US$95.25 per barrel in June, compared with the current international benchmark of about US$71.01 per barrel.
The refinery also clarified that its crude procurement costs are not based solely on the headline ICE Brent benchmark commonly quoted in the media.
Rather, crude is purchased on a Dated Brent basis together with applicable market premiums, freight and logistics costs, resulting in actual feedstock costs that differ materially from benchmark prices.
Despite the sharp increase in crude acquisition costs during the period, Dangote Refinery said it deliberately refrained from transferring the full impact to consumers, choosing instead to absorb a significant portion of the additional costs in order to support market stability and cushion Nigerians from the volatility in global energy markets.
The company noted that this pricing approach has helped to keep petroleum product prices in Nigeria below those prevailing in neighbouring countries, even after accounting for applicable taxes. It added that as lower priced crude cargoes progressively enter its production cycle, the refinery has begun systematically passing the benefits to the market through phased price reductions.
“Today’s N50 per litre reduction is the fourth price cut in one month, bringing cumulative reductions to above N200 per litre on PMS. This approach ensures that pricing decisions are anchored on actual production economics and inventory costs rather than short term fluctuations in international oil markets,” it said. “Nigeria today benefits from the stabilising role of domestic refining capacity. The Dangote Petroleum Refinery currently supplies volumes sufficient to meet national demand, helping to strengthen energy security, eliminate dependence on imports, conserve foreign exchange and provide greater price stability for consumers and businesses”.
The company expressed confidence that if international crude prices remain favourable and lower cost feedstock continues to replace higher priced inventories, Nigerians should expect further moderation in petroleum product prices.
Dangote Petroleum Refinery reiterated its commitment to supplying high quality, internationally certified petroleum products at competitive prices while supporting Nigeria’s economic growth and the long-term development of the country’s downstream petroleum sector.
Business
NNPC Announces Petrol Price; List of 10 States With Lowest Rates Emerge
The Nigerian National Petroleum Company (NNPC) has reduced petrol price across its filling stations nationwide, with many now selling below N1,200.
Data obtained by Legit showed that NNPC’s retail stations across the country are selling between N1,170 and N1,395 per litre, depending on their location
Lagos and Ogun recorded the lowest pump price at N1,170 per litre from N1,210, while the price list shows that Yobe recorded the highest pump price at N1,395 per litre.
Other states with high petrol prices include Bauchi (N1,385), Sokoto (N1,378), Plateau (N1,375), and Benue and Zamfara (N1,370 each).
Also, Kaduna (N1,365), Niger (N1,364), Kogi (N1,360), Adamawa (N1,355), and Gombe (N1,345) are among the northern states with high petrol prices. Abuja (N1,210), Osun (N1,220), Kano (N1,222), Ondo and Rivers (N1,230 each), and several southern states, including Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Ebonyi, Edo, Ekiti, Enugu, Imo, and Jigawa, where NNPC retail stations are located, sell petrol for N1,235 per litre at the time of reporting
Top 10 states with the lowest NNPC petrol prices
Lagos – N1,125
Ogun – N1,170
Abuja – N1,210
Osun – N1,220
Kano – N1,222
Ondo – N1,230
Rivers – N1,230
Abia – N1,235
Akwa Ibom – N1,235
Anambra – N1,235
Top 10 states with the highest NNPC petrol prices
Yobe – N1,395
Bauchi – N1,385
Sokoto – N1,378
Plateau – N1,375
Katsina – N1,377
Benue – N1,370
Zamfara – N1,370
Kaduna – N1,365
Niger – N1,364
Kogi – N1,360
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