Tanker Overturns, Explodes in Lagos The resulting fire engulfed at least four nearby trucks Oki also confirmed that reinforcements from neighboring zones were mobilized to support the operation A petrol tanker loaded with Premium Motor Spirit (PMS) burst into flames on Sunday at Iyana Isolo, heading toward Oshodi, Lagos, causing panic and raising fears of … Read more
Ardova Plc partners with Dangote Refinery for competitive fuel pricing. Deal aims to boost efficiency and competition in Nigeria’s oil sector. Dangote Refinery and MRS offer petrol at ₦935 per litre nationwide. Ardova Plc, one of Nigeria’s leading integrated downstream oil and gas companies, has signed a bulk purchase framework with Dangote Refinery to ensure … Read more
NNPCL reduces petrol price to ₦965 in Abuja. Independent marketers maintain higher prices, ranging from ₦1,030 to ₦1,070. Port Harcourt Refinery operates fully, ensuring domestic fuel supply, says NNPCL. The Nigerian National Petroleum Company Limited (NNPCL) has slashed the retail price of premium motor spirit (PMS), commonly known as petrol, to ₦965 per litre in … Read more
Dangote Refinery reduces PMS price to N899.50 per litre. Price cut aims to ease transport costs during holidays. Consumers can buy extra litre on credit with bank guarantee. Dangote Petroleum Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) to N899.50 per litre, effective immediately. The announcement was made in … Read more
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
A new per-litre price of Premium Motor Spirit (PMS), commonly known as petrol, has been introduced across Nigerian National Petroleum Company Limited (NNPCL) retail outlets in the Federal Capital Territory (FCT), Abuja. EKO HOT BLOG reports that Journalists observed that the price of petrol had dropped from ₦1,060 to ₦1,040 per litre, reflecting a ₦20 … Read more
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its commitment to re-stream the Port Harcourt Refining Company (PHRC), marking the start of crude oil processing and the distribution of petroleum products to the market. This milestone was announced in a statement on Tuesday by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye. … Read more
The Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have finalized an agreement for the weekly supply of 60 million litres of Premium Motor Spirit (PMS). This deal coincides with a marginal reduction in fuel prices at IPMAN member filling stations nationwide, according to the association’s spokesperson, Chinedu Ukadike, who provided an … Read more
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized a partnership with Dangote Refinery for the direct supply of fuel products, aiming to secure a stable and affordable distribution of Premium Motor Spirit (PMS) nationwide. IPMAN’s National President, Abubakar Garima, confirmed this development on Monday during a press briefing in Abuja following a meeting … Read more
Operatives from the Osun State Command of the Nigeria Security and Civil Defence Corps (NSCDC) arrested a tanker driver on Saturday for diverting Premium Motor Spirit (PMS), commonly known as petrol, intended for the NNPC mega station. Commandant Sotiyo Igbalawole reported that the driver, Afeez Adegbola, 47, was apprehended on Friday night in Ikirun while … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumors regarding an increase in Premium Motor Spirit (PMS) prices at its retail outlets. In an interview with Daily Post on Tuesday, NNPCL spokesperson Olufemi Soneye clarified that he is unaware of any rise in fuel pump prices, countering claims that the cost per litre had … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has categorically rejected claims of a price agreement concerning Premium Motor Spirit (PMS), commonly referred to as petrol, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) or any other entities. This clarification comes in the wake of remarks made by IPMAN President Abubakar Maigandi, who suggested that … Read more
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has announced that seized petrol in Adamawa State will be auctioned at ₦630 per litre. This decision was disclosed during a press conference on Wednesday, October 9, 2024, in Yola, the capital of Adamawa State. Represented by the Deputy Comptroller-General of Customs, Aliyu Alajogun, Adeniyi … Read more
Former Minister of Transportation Rotimi Amaechi has voiced his frustration over Nigerians’ complacency amidst worsening economic challenges. In an interview with Igbere TV, Amaechi criticised the lack of proactive responses, particularly from the youth, in the face of rising living costs. Amaechi, who previously served as the governor of Rivers State, expressed surprise at the … Read more
The landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has significantly decreased to N981 per litre, as reported by the Major Energies Marketers Association of Nigeria (MEMAN) on Thursday. This reduction marks a substantial drop from the previous price of around N1,130 per litre observed in recent weeks, reflecting a decline of … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has given major petroleum marketers the green light to start lifting premium motor spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery. This decision aligns with the existing agreement between NNPCL and the refinery. Under the original agreement, NNPCL was designated as the exclusive distributor of … Read more
The Federal Government has appointed the Nigerian National Petroleum Company Limited (NNPC) as the exclusive buyer of Premium Motor Spirit (PMS) from the Dangote Refinery. According to the agreement, marketers interested in purchasing the product will need to obtain it through NNPC’s trading company. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy Insecurity: … Read more
No fewer than 30 persons and 50 cattle have lost their lives in a tanker explosion that occurred at Agaie Local Government Area of Niger State. The explosion occurred around 12:30 a.m. on Sunday along the Lapai-Agaie road, about 2 kilometers from Dendo community in Agaie. EDITOR’S PICKS I’ll Support Nigerian Govt Find Solution To … Read more
Media personality Charles Oputa, better known as Charly Boy, has shared insights on why the fuel produced by Dangote’s Refinery appears clear in color. In an Instagram post, Charly Boy explained that clear fuel typically indicates the presence of Ethanol. He noted that Ethanol contains a significant amount of oxygen, which helps reduce carbonation in … Read more
The federal government received a fleet of hybrid Jet Mover buses from Jet Motor Company to provide affordable transport solutions and alleviate the impact of fuel subsidy removal. EKO HOT BLOG reports that in a continued effort to provide affordable and comfortable transport solutions for Nigerians, the federal government received a fleet of hybrid Jet Mover … Read more