Eko Hot Blog reports that the Chairman, Independent Petroleum Marketers Association of Nigeria, Rivers State Chapter, Joseph Obele, has enjoined the Federal Government to ensure that the nation’s refineries are fixed as planned. He stated that the cost of Petroleum Motor Spirit, also known as petrol, would crash below N200 per litre should the refineries … Read more
NNPC has spoken about the increment of petrol price in the country. EKOHOTBLOG reports that the Nigerian National Petroleum Corporation (NNPC) has ruled out any hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol. It, however, admitted that there are pricing issues at some petrol depots in the country. An … Read more
Petrol price has been increased to N157 per litre. EKOHOTBLOG reports that the price of Premium Motor Spirit (PMS), fondly known as petrol, has been increased by Private Depots from N148 per litre to N157 per litre across Nigeria. The latest development, this online news platform understands may lead to petrol shortage in the country. An … Read more
The Petroleum Products Pricing Regulatory Agency (PPPRA) has spoken about the increment of petrol price in the country. EKOHOTBLOG reports that the Petroleum Products Pricing Regulatory Agency (PPPRA) has said that the negotiations between the Federal Government (FG) and Organised Labour would minimise the effect of subsidy removal upon full deregulation of the oil sector. … Read more
The Federal Government (FG) has spoken on increasing petrol price to N300/litre. EKOHOTBLOG reports that the Federal Government (FG) has said the pump price of Premium Motor Spirit (PMS), popularly called petrol, will remain N162 per litre until it reaches an agreement with the Organised Labour for full deregulation of the downstream petroleum sector. This … Read more
The Federal Government (FG) has spoken on increasing petrol price to #380 per litre in the country. EKOHOTBLOG reports that barely three months after the Federal Government (FG) turned down the recommendation by the Nigeria Governors’ Forum for an increase in the price of Premium Motor Spirit, popularly called petrol, the FG again on Friday … Read more
The Nigerian National Petroleum Corporation (NNPC) has given a fresh update on the increment of petrol price. EKO HOT BLOG reports that the Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS) popularly known as petrol will remain N162 in July. The Group Managing Director of … Read more
The Federal Government (FG) has said that it is not in a hurry to increase the pump price of Premium Motor Spirit (PMS) otherwise known as petrol. The NGF had earlier on Wednesday called for the full deregulation of the downstream sector and the immediate removal of fuel subsidy. The Federal Government (FG) has said … Read more
The Federal Government (FG) has said that petrol pricing will be fully deregulated before the end of the year. The Minister of State for Petroleum Resources, Timipre Sylva, made this known while speaking on the controversy surrounding a new price template of N206 per litre from N162 – N163. The Federal Government (FG) has said … Read more
The Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) have debunked the increment in the pump price of Premium Motor Spirit, also known as petrol. The Executive Secretary, MOMAN, Mr Clement Isong, while reacting to reports that the price of PMS has been increased to N212.61 per litre, … Read more
The Peoples Democratic Party (PDP) has urged President Muhammadu Buhari to reverse the increase in the pump price of fuel which increased from N159 to N170 per liter. The party in a statement issued by its National Publicity Secretary, Mr Kola Ologbondiyan, on Friday in Abuja, rejected the increase describing it as unbearable to Nigerians. … Read more
The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday. According to them, since the cost of petrol has been largely determined by the price of crude oil, the recent marginal plunge in crude oil cost could lead to a drop … Read more
It will benefit Nigerians in the long run – FG The Federal Government says the recent hike of petrol price should not be seen as insensitivity to the plight of Nigerians. Earlier in the month, the government announced a full deregulation of the downstream sector which automatically led to increase in petrol price. This development … Read more
Fuel stations in Lagos and Ogun increase pump price Transporters on Lagos-Ibadan expressway experience divers prices – Nigerian Government Raises Petrol Pump Price Following the increase of Premium Motor Spirit (petrol) that was announced, some filling stations in Lagos and Ogun states have adjusted their pump prices, selling the product at between N150 and N162 per … Read more
Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, which is an agency of the Federal Government, disclosed this in a circular to fuel marketers dated May 31, 2020. The sharp drop in crude oil prices … Read more