…the TUC in a communique said the government must ensure that local refineries are operational before such a move is implemented. EKO HOT BLOG reports that the Trade Union Congress (TUC) on Saturday gave conditions for the removal of fuel subsidies. The Federal Government has hinted that it may end the subsidy programme in June … Read more
Petrol price currently sells between ₦162 and ₦165 per litre EKO HOT BLOG reports that the National Economic Council (NEC) has recommended an increase in the price of fuel, according to TheCable. Fuel currently sells between ₦162 and ₦165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President … 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
PMS Prof. Wumi Iledare, former President, National Association of Energy Economies (NAEE), says that reducing the pump price of Premium Motor Spirit (PMS), also known as petrol, is a short term solution to the nation’s supply situation. Iledare said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday, Eko … Read more
The Federal Government has scrapped the Annual Performance Evaluation Report (APER), as a tool for assessing civil servants. Instead, government has introduced Performance Management System (PMS) as a new evaluation tool. The exercise is part of its commitment to enhancing service delivery in the public service. The Head of Service of the Federation, Dr. Folasade … Read more
NOVEMBER 13, 2020 … Marketers to sell at ₦168 – ₦170/litre The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to ₦155.17 per litre from ₦147.67 per litres. PUNCH reports that the PPMC disclosed this in an internal … 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
The Federal Government through the Petroleum Products Pricing Regulatory Agency has announced a new retail price for oil marketers for the month of July amid COVID19 in Nigeria. Ekohotblog understands that the development was made in a circular dated July 1st, where the downstream regulator said oil marketers are now expected to sell petrol within … Read more
The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS). PMS has been reduced from N113.28k per litre to N108.00K per litre across all its products loading facilities. This was contained in a statement issued by the corporation’s spokesman, Dr. Kenny Obateru in Abuja on Wednesday. … Read more
Federal Government has announced a reduction of the pump price of the Premium Motor Spirit (PMS) otherwise know as fuel to N123.50 per litre. According to the Petroleum Products Pricing Regulatory Agency (PPPRA), Executive Secretary, Mr. Abdulkadir Saidu, the new price takes effect from today, April 1, 2020. In a statement in Abuja on Tuesday … Read more
President Muhammadu Buhari has approved the reduction of pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N125. According to a reliable source in the presidency, the approval may have followed a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the ongoing Federal Executive … Read more
The two-quarter consecutive declines in the volume of premium motor spirit (PMS), popularly known as petrol, importation has been reversed with a 21.7 percent rise in the fourth quarter of 2018 (Q4’18) to 5.32 billion litres up from 4.37 billion recorded in Q3’18. The National Bureau of Statistics, NBS, yesterday, disclosed this in its report entitled: … Read more