The prices of Premium Motor Spirit (petrol) ranged between N897 and N980 per litre at major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. An EKO HOT BLOG correspondent visited several major filling stations, including those operated by Independent Petroleum Marketers and NNPCL, revealing that pump prices per litre ranged from … Read more
Eko Hot Blog reports that the stakeholders in the Downstream Petroleum sub-sector have reassured Nigerians that there will be a significant decrease in the pump price of petrol, also known as fuel. They are optimistic that the ongoing crises in the energy sector will be resolved soon. According to the businessmen, petrol prices will drop … Read more
Eko Hot Blog reports that the pump price of Premium Motor Spirit, popularly called petrol, may be reduced in filling stations operated by independent marketers this week, following the massive imports of PMS by the Nigerian National Petroleum Company Limited, oil dealers stated on Saturday. It was gathered that the recent hike in petrol prices … Read more
The Trade Union Congress of Nigeria has demanded a monthly minimum wage of N200,000. Additionally, they have called for a return to the previous petrol pump price According to them they want N185 per litre to create a favorable atmosphere for negotiations. EKO HOT BLOG reports that the Trade Union Congress of Nigeria, TUC, … Read more
TUC Demands Reversion to Old Petrol Pump Price and Minimum Wage Increase as Resistance against Subsidy Removal Grows. The Trade Union Congress (TUC) has asked the Federal Government to revert to the previous petrol pump price of N194 per litre and increase the minimum wage to mitigate the impact of subsidy removal. Negotiations are … Read more
Gov. Abba Yusuf noted that the marketers have old stock and should be considerate in selling at the former price Hike in pump price is ‘unjustified, Says Kano Gov. Eko Hot Blog reports that the Governor of Kano State, Abba Yusuf, has ordered petroleum marketers in the state to revert to the old petrol pump … Read more
The FG has given fresh update on petrol pump rice. EKO HOT BLOG reports that the Federal Government at the weekend insisted that the current pump price would remain for now with the expected high rate of travel during the festive period. Presently, petrol sells at N162/163 per litre in most major petrol stations with … Read more
Adeyanju also lamented over the high cost of food under the President Muhammadu Buhari-led government EKO HOT BLOG reports that Socio-political activist, Deji Adeyanju, has raised an alarm over alleged plans to increase petrol pump price in Nigeria. Adeyanju alleged that they are planning to increase the price of fuel to ₦450 per litre. In … Read more
Federal Govt has assured Nigerians that there’s no plan to hike petrol pump price. The federal government has assured that despite the huge burden of under-recovery, it has no plan to increase the price of premium motor spirit (petrol) to reflect current market realities. A statement signed by the Minister of State for Petroleum Resources, … Read more
Kyari urged the union to expedite action to ensure that fuel queues do not resurface across the country The Nigerian National Petroleum Corporation (NNPC) has said that there is no plan to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol, for the month of May. NNPC Group Managing Director, Mele … Read more
NOVEMBER 17, 2020 The Nigeria Labour Congress (NLC) has demanded the immediate reversal of the pump price of Premium Motor Spirit (PMS), also known as petrol. The Union, in a statement issued on Monday by its President, Ayuba Wabba, took a swipe at the government and condemned the increase in the price of the product. … Read more
NOVEMBER 14, 2020 The Nigerian National Petroleum Corporation (NNPC), on Friday, said the “slight increase” in the ex-coastal price and ex-depot price of Premium Motor Spirit, widely known as petrol, is due to the “prevailing realities of market forces of demand and supply.” The NNPC made its position known in a statement signed by its … Read more
NOVEMBER 13, 2020 The Independent Petroleum Marketers Association of Nigeria (IPMAN) said it has directed marketers to sell the Premium Motor Spirit (PMS) for ₦170 per litre. This instruction is coming on the heels of Thursday’s night announcement of ₦155 .17 ex-depot price to the marketers by the Pipelines and Products Marketing Company (PPMC). Read … Read more
Deregulation will open up the downstream sector for more investment – FG The federal government on Tuesday made another unsettling disclosure concerning the contentious pump price of petrol. It said there is no indication that the recently increased petrol price, which is occassioned by the removal of subsidy, will go down when the Dangote refinery … Read more