The Major Energy Marketers Association of Nigeria (MEMAN) has reported a marginal decrease in the landing cost of Premium Motor Spirit (PMS), signaling some stability in the downstream petroleum sector. According to MEMAN, the landing cost of PMS fell slightly to ₦970 per litre in December 2024, compared to ₦971 per litre in November. This … Read more
The landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria has declined to ₦900.28 per litre as of Thursday, a drop of ₦36 or 3.62% from the previous week’s cost of ₦936.75 per litre. Data from the Major Energies Marketers Association of Nigeria (MEMAN) further revealed earlier dips this week, reaching … Read more
The cost of landing Premium Motor Spirit (PMS), or petrol, in Nigeria has dropped by 20.34% over the last three months, now at ₦971.57 per litre, owing to fluctuations in global market prices and supply dynamics. Despite this decrease, retail petrol prices have surged by 71.79%, rising from ₦617 per litre on August 1, 2024, … Read more