Top 10 African Countries With Highest Fuel Prices In July 2024
Many African countries grapple with high cost of fuel which is caused by a combination of global and local factors. At the heart of it is global oil price dynamics. The cost
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Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August
The average retail price of a litre of Premium Motor Spirit (PMS) also known as petrol increased from N189.46 in August 2022 to N626.70 in August 2023, a report by the National
Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre
The President of the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has revealed that the group will sanction retailers for fixing exorbitant prices to their Premium Motor Spirit (PMS),
Fuel Distribution Suspended In Nigeria Over Election Fears
The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja region, Mohammed Shuaibu, has said the general election is affecting fuel distribution. Shuaibu said oil marketers are not moving Premium Motor Spirit
Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons
The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has disclosed that the cost of Premium Motor Spirit (PMS) could rise to N800/litre even as petrol scarcity persists. According
Top Five Nigerian Oil Companies By Revenue Market Share
Despite the scarcity of Premium Motor Spirit (PMS) in 2022, which led to some retailers shutting down their outlets, the revenue generated by the oil sector grew by 32.61 per cent. According
Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre
The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja, Mohammed Shuaibu, has revealed that the Nigerian National Petroleum Company (NNPC) Limited is yet to respond to their request for
Oil Marketers Demand FG Release Fuel From Seized Depots, Sell PMS At N148 Per Litre
The Federal Government has been asked to dispense Premium Motor Spirit, popularly called petrol, from the products trapped in the seven depots shut down by authorities at the weekend. Prime Business Africa
Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States
In two weeks, Nigerians consumed 966.58 million litres of petrol, which cost them about N156.58 billion, in May, according to the Nigerian National Petroleum Company (NNPC), with Lagosians spending the highest amongst
Nigeria Ranks 7th Among Top 10 Gas Flaring Countries In The World – New Report
A new World Bank report has said that Nigeria ranked seventh on the list of top 10 countries worldwide who were involved in gas flaring in 2021. The report, entitled: “2022 Global
Fuel Sells For N400/Litre In Abuja, Others As Scarcity Persists In Lagos
Prime Business Africa has gathered that residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity
MRS Denies Importing Contaminated Fuel Into Nigeria
MRS Oil, one of the major players in the downstream sector of Nigerian oil and gas industry has debunked the allegation in circulation on media platforms that it imported contaminated Premium Motor
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