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Fuel

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 of crude oil on the international market significantly affects fuel

July 15, 2024

Petrol Price Rises By 230.78% As Nigerians Paid N626.70 In August

Business·News·Oil & Gas

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 Bureau of Statistics has revealed. This represents a 230.78 per

September 22, 2023

Jigawa Residents Spend More On Petrol As Price Rises By 223.21% To N770

Business·Oil & Gas

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), also known as petrol. Gillis-Harry said a task force has

March 2, 2023

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Business·Oil & Gas

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 (PMS), also known as fuel, as they use to pre-election,

March 1, 2023

Breaking: NNPC Increases Fuel Price, Filling Stations Now Selling At N500

Business·Oil & Gas

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 to Shuaibu, the removal of the fuel subsidy will cause

January 23, 2023

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·FEATURES·Insights·Oil & Gas

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 to the financial statements of six oil companies analysed by

January 23, 2023

Business·Oil & Gas

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 Premium Motor Spirit (PMS) supply. According to Shuaibu, all depots

January 20, 2023

Business·Oil & Gas

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 gathered that the depots had been shut down by the

January 2, 2023

Business·Oil & Gas

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 state. According to data on NNPC Premium Motor Spirit (PMS)

June 13, 2022

News

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 Gas Flaring Tracker Report” made available in the bank’s website,

May 9, 2022

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Fuel

Top 10 African Countries With Highest Fuel Prices In July 2024

Petrol Price Rises By 230.78% In 1 Year, Nigerians Paid N626.70 In August

Oil Marketers To Sanction Petrol Stations Selling At N220 Per Litre

Fuel Distribution Suspended In Nigeria Over Election Fears

Petrol May Hit N800 Per Litre – Oil Marketers Give Reasons

Top Five Nigerian Oil Companies By Revenue Market Share

Oil Marketers Complain Of NNPC’s Handling Of Fuel Supply, As Petrol Hits N300 Per Litre

Oil Marketers Demand FG Release Fuel From Seized Depots, Sell PMS At N148 Per Litre

Nigerians Spent N156.5 billion In Two Weeks On Petrol, Lagos Leads States

Nigeria Ranks 7th Among Top 10 Gas Flaring Countries In The World – New Report

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