The Nigeria National Petroleum Corporation (NNPC) has lamented over the cost Premium Motor Spirit otherwise known as petrol is being subsidised on monthly basis. This is coming amidst controversy about the removal of petrol subsidy between the administration of former President Goodluck Jonathan and the current administration of President Muhammadu Buhari. The Nigeria National Petroleum … Read more
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the price of Premium Motor Spirit otherwise known as petrol will go higher from its present N165 if the price of crude keeps increasing. Ahmed stated that the Federal Government (FG) will allow the price of petroleum to be determined by the … Read more
No fewer than 11 filling stations have been sealed by the Department of Petroleum Resources (DPR) across the Federal Capital Territory (FCT) for under dispensing and overpricing of Premium Motor Spirit (PMS) otherwise known as petrol. The DPR Zonal Operations Controller in Abuja, Mr Abubakar Buba, sealed the stations during a monitoring exercise on Wednesday. … 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 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
Petrol Price increased You May Also Like There’ll Be No Petrol, Electricity Susbsidy, FG Insists Many filling stations across Lagos and Ogun States have increased the pump price of Premium Motor Spirit (PMS), popularly called Petrol, from N161/litre to N173/litre. Though the Federal Government has not officially increased the pump price, some marketers have increased … Read more
Federal Government on Tuesday maintained that there is no going back on its decision to remove subsidy on Premium Motor Spirit (Petrol) and electricity. Minister of Finance, Budget and National Planning, Zainab Ahmed who stated this, also noted that the government did not make any provision for the subsidy in the 2021 budget. She made … Read more
The federal government says the hardship that is occasioned by the deregulation of the downstream sector is just for a little time and that Nigerians will get accustomed to the fluctuation of the pump price of petrol. Speaking while addressing state house correspondents on Monday after a meeting with President Muhammadu Buhari in Abuja on, … Read more
Nigerian Association of Road Transport Owners (NARTO) will commence a warning strike from Tuesday. This development could instigate another period of fuel Scarcity in the country. The move is sequel to the federal government decision to ban all petroleum trucks above 45,000 litres capacity from plying roads. NARTO is the umbrella body of all commercial … Read more
Members of Independent Petroleum Marketers of Nigeria (IPMAN) in Anambra State, have threatened to embark on indefinite strike from August 25 across the state until their demands are met. The impending strike is in solidarity with Siluch Oil and Gas Limited, an IPMAN member, being owed N13.6 million for petroleum products it supplied to Transport Company … 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
– One person killed in petrol tanker fire in Kano – The Kano State Fire Service confirmed the incident in a statement on Tuesday One person killed in a fire incident involving a petrol tanker at Kofar Ruwa area of Kano metropolis. The Kano State Fire Service confirmed the incident in a statement on Tuesday, … Read more
A tanker loaded with 46,000 litres of petrol was gutted by fire on Saturday morning at the Secretariat Bus Stop in the Alausa, Lagos State. According to reports, the incident occurred around 1 am but the swift response of the emergency body to the scene, tragedy was averted and the fire was put out before … Read more
The Nigeria Labour Congress, NLC, on Thursday, says it is rejecting the increase in the pump price of Premium Motor Spirit commonly called ‘petrol’ from N121 to N143.80 announced by the Petroleum Products Price Regulatory Agency, PPPRA. While demanding an immediate reversal of the price, Labour argued that the new price in this COVID-19 pandemic was … Read more
The Nigerian Navy on Monday said it recovered and handed over to the Nigerian National Petroleum Corporation, 3,181 jerry cans of petrol – Petroleum Motor Spirit worth N11 million. The Commander, Nigerian Navy Ship BEECROFT, Commodore Ibrahim Shettima, disclosed this while speaking to journalists in Apapa, Lagos State. He said the jerry cans were intercepted … Read more