Dangote Refinery cuts petrol, diesel prices
Dangote Petroleum Refinery reduces petrol price by ₦100 to ₦1,075 per litre Diesel price drops by ₦190 to ₦1,430 per litre at refinery gantry Price cut linked to decline in…
Long Queues Return as Petrol Price Surpasses ₦1,000 Per Litre in Nigeria
Long queues reported at fuel stations as petrol price crosses ₦1,000 per litre MRS Oil Nigeria Plc selling PMS at ₦937 per litre Other marketers raise prices above ₦1,000 Some…
Fuel Scarcity Looms as Marketers Shutdown Stations
Lagos and the surrounding environs could soon experience a major fuel shortage as marketers continue to close stations to deny access to motorists and other product users. Station closures reportedly…
Oil Marketers Speak on Plans to Increase Fuel Price
The recent rise in fuel prices to $94 will not lead to higher prices of Premium Motor Spirit (PMS), also known as petrol. The marketers recalled that changes in the…
Nigeria Ranked 22nd Country With Least Expensive Petrol Price
According to the "Gasoline Prices, Octane-95" report, Nigeria ranks 22nd among countries with the least expensive petrol prices. The report, which was published earlier this month, stated that the average…
NNPC Speaks on Plans to Hike Fuel Price
The Nigerian National Petroleum Company Limited (NNPCL) has categorically stated that it has no intention of raising the cost of Premium Motor Spirits (PMS), commonly known as petrol. NNPC made…
NNPC Announces New Fuel Price For Marketers
The Nigerian National Petroleum Company Limited (NNPCL) has announced a new price for the Premium Motor Spirit (PMS), also known as petrol. According to the NNPCL, it has crashed the…
Petrol Prices Surge to N1,500 per Liter in Oyo Town
In some parts of Oyo town, the cost of petrol has surged to N1,500 per liter. The increase occurred on Wednesday as more filling stations opened to serve customers. According…
NNPC Says No Subsidy On Petrol, Spent N7.8trn In 7 Months
The Nigerian National Petroleum Company (NNPC) Ltd has clarified that it is not subsidizing petrol, but rather covering a "shortfall" between the landing cost and the selling price. This…
FG Plans Removal Mechanisms as Subsidy Gulps N13tn
The Federal Government has announced subsidy removal mechanisms revealing that Nigeria spent over thirteen trillion naira in subsidizing Premium Motor Spirit (PMS) between 2005 and 2021. It planned a comprehensive…