Fuel Price Increase: NLC Promises Nationwide Strike
The Nigeria Labour Congress (NLC) has threatened a full and indefinite nationwide strike should there be an increase in fuel price from the current N617. Daily Report Nigeria reports that…
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…
6 Companies Licensed To Import Petrol
The Federal Government has announced that six new companies have been licensed to import petrol into Nigeria. The Managing Director of the Nigeria Mainstream and Downstream Petroleum Regulatory Authority, NMDRA,…