#fuelcrisis

Nigeria’s Petrol Subsidy Hits N707bn Monthly, Say Oil Marketers

Jul 23, 2024. by Praise Ben

With petrol landing cost at N1,117 per litre, Nigeria’s monthly subsidy on petrol has increased to N707bn. EKO HOT BLOG reports that with the landing cost of Premium Motor Spirit (PMS) at N1,117 per litre, the monthly subsidy for petrol has surged to approximately N707bn, according to oil marketers on Monday. As the Dangote Petroleum Refinery … Read more

Fuel Queues Return to Lagos As Oil Marketers Halt Petrol Importation Amid Forex Crisis

Oct 7, 2023. by Praise Ben

EKO HOT BLOG reports that fuel queues have returned to some parts of Lagos State as oil marketers have stopped the importation of Premium Motor Spirit, popularly called petrol. This online media platform understands that seven oil marketers reportedly imported petrol about a month ago but have stopped because of the forex crisis. EDITOR’S PICKS … Read more