Oil Marketers Deny Petrol Price Drop Amidst Market Stability Associations maintain stance: PETROAN and IPMAN reaffirm no changes, while MEMAN emphasizes stable pricing through depot ownership. Speculation lingers on direct sourcing: Rumors suggest price shifts from independent sourcing, contrasting MEMAN’s distribution model. EKO HOT BLOG reports that oil marketers and other operators in the downstream sector … Read more
Atiku Abubakar, the Presidential candidate of the PDP, has criticized President Tinubu for removing fuel subsidy without providing palliatives or consulting the affected sectors. Atiku expressed his dissatisfaction during the PDP Retreat for Elected Officials. The decision led to panic buying and a significant increase in pump prices. EKO HOT BLOG reports that the … Read more
The Nigerian government has removed the subsidy on petrol, leading to a sharp hike in pump prices and commercial transport fares. Petrol stations have closed, causing long queues across the country. Some stakeholders believe that the subsidy removal is a welcome development, while others think it could punish already impoverished Nigerians. EKO HOT BLOG reports … Read more
IPMAN said Nigerians should stop panic buying, saying that its members would sell PMS at government approved price of ₦165 per litre Explaining why the IPMAN Secretary in Lagos arrived at ₦180 per litre on Monday, the President said members could no longer operate at a loss EDITOR’S PICK: 2023: Things To Know As APC … 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