EKO HOT BLOG reports that a chieftain of the All Progressives Congress (APC), Chief Billy Osawuru, has expressed concerns about how fuel subsidy removal has affected the livelihood of Nigerians in the last few weeks since President Bola Ahmed Tinubu announced it. Osawuru recalled that Premium Motor Spirit (PMS), better known as Petrol or Fuel, … Read more
EkoHotBlog reports that the former chairman of Major Oil Marketers Association of Nigeria, Tunji Oyebanji, has cautioned Nigerians and marketers against speculations over the pump price of petrol. Oyetunji in an interview with the News Agency of Nigeria on Friday in Lagos said in a deregulated market, prices would be determined by market forces, noting … Read more
EKO HOT BLOG reports that there are strong indications that the national average price of petrol will rise further as marketers benchmark costs against rising exchange rates. Marketers who spoke to Vanguard yesterday, against the backdrop of continued depreciation of the naira, said the implication would be that their cost has also increased beyond … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the prices of Premium Motor Spirit (PMS) will not decrease despite the production from Dangote Refinery and Port Harcourt Refinery. The CEO of NNPCL, Mele Kyari, stated that local production does not guarantee a reduction in prices, as refineries will consider production costs. Kyari also … Read more
…NNPCL assures a ceaseless supply of products Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL) has confirmed the adjustment in the pump prices of Premium Motor Spirit (PMS) or fuel. The Chief Corporate Communication Officer, NNPCL Ltd, Garba Deen Muhammad in a statement on Wednesday, titled ‘Adjustment in the pump price … Read more
Tinubu has expressed confidence ahead of the coming elections. Tinubu was present at the APC rally in Ogun State on Wednesday. According to the APC presidential candidate, fuel prices and changes in Naira notes won’t affect APC’s victory. EKO HOT BLOG reports that the presidential candidate of the All Progressives Congress (APC), Bola Tinubu has … Read more
FG, Oil Marketers Agrees On New Fuel Price –Reports An agreement was reportedly reached between Oil Marketers and Federal Government to hike the fuel price to the said amount EDITOR’S PICK: Police Recover Unexploded IEDs At Owo Church Owo Church Attack “Targeted At Turning Yorubaland Into A War Zone” – Ooni Of Ife [JUST IN] … Read more
The labour leader said the nation’s refineries should be fixed to put an end to importation EKO HOT BLOG reports that the Nigeria Labour Congress (NLC) has cautioned the federal government against removing oil subsidies. There is apprehension over the National Economic Council (NEC) recommendation of ₦302 per litre of petrol. Ikechukwu Nwafor, Ebonyi NLC … Read more
Petrol price currently sells between ₦162 and ₦165 per litre EKO HOT BLOG reports that the National Economic Council (NEC) has recommended an increase in the price of fuel, according to TheCable. Fuel currently sells between ₦162 and ₦165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President … Read more
‘We will shut down Nigeria if Fuel price increase’, NLC warns the Federal government in New Year message EKO HOT BLOG reports that Nigeria Labour Congress, NLC, on Friday, said that it will shut down the nation if there is any further increase in the pump price of fuel. it insists that workers and masses … Read more
…the NNPC was also not aware of any plan by government to cause an increase in the pump price of petroleum. EKO HOT BLOG reports that the Nigerian National Petroleum Company Limited (NNPC) has asked Nigerians not to panic over fuel scarcity as there are over 1.7 billion litres of petrol in stock. In the … Read more
The Peoples Democratic Party (PDP), on Saturday, said an honest and transparent administration of Nigeria’s national production capacity and potentials, the domestic price of petrol should not exceed ₦70 per litre. The PDP warned that any increase in the pump price of petrol would amount to a direct invitation for a mass protest in the … Read more
The Federal Government has stated that there will be no increment in the pump price of Premium Motor Spirit, otherwise known as petrol until the organised labour is consulted. The Federal Government’s statement was in reaction to the pricing template published by the Petroleum Products Pricing Regulatory Agency (PPPRA) which pegged the new pump price … Read more
The Federal Government (FG) is set to reduce fuel price to N100 per litre, the Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, has disclosed. According to Enang, the federal government has also concluded plans to hold a national conference on integrating artisanal/modular petroleum refinery operations. The Federal Government (FG) is … Read more
The leadership of the Nigerian National Petroleum Commission (NNPC) has flayed speculations that the Premium Motor Spirit (PMS) better known as petrol will increase in the month of March. The announcement, contained in a press release signed by its Spokesman, Dr Kennie Obateru, puts to bed speculations of an imminent increase in the pump price … Read more
President Muhammadu Buhari has called on Nigerians to expect a further increase in the price of petrol, saying people would pay more as soon as the price of crude oil in the international market recovers. Buhari who was represented by the Vice-President, stated these at the First Year Ministerial Performance Review Retreat at State House … Read more
The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) members have been ordered to sell a litre of petrol at N150, Ekohotblog report. The directive followed Federal Government’s approval of N138.62 as the ex-depot price for a litre. But, The Nation learnt that despite the ceiling, Private Depot Owners (PDO) sell the product to dealers for … Read more
The Federal Government through the Petroleum Products Pricing Regulatory Agency has announced a new retail price for oil marketers for the month of July amid COVID19 in Nigeria. Ekohotblog understands that the development was made in a circular dated July 1st, where the downstream regulator said oil marketers are now expected to sell petrol within … Read more
The main opposition Peoples Democratic Party, PDP, has told President Muhammadu Buhari to reduce the price of Premium Motto Spirit, also known as petrol, to N70 per litre. The PDP said it rejects completely, the N121 per litre announced by the President Buhari-led government yesterday. In a statement posted on its official Twitter handle on … Read more
Federal Government has announced a reduction of the pump price of the Premium Motor Spirit (PMS) otherwise know as fuel to N123.50 per litre. According to the Petroleum Products Pricing Regulatory Agency (PPPRA), Executive Secretary, Mr. Abdulkadir Saidu, the new price takes effect from today, April 1, 2020. In a statement in Abuja on Tuesday … Read more