Browse Tag

Fuel price

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

Nigerians have called on the Nigeria National Petroleum Company Limited (NNPCL), to reduce the pump price of petroleum products such as Premium Motor Spirit (PMS) also known as petrol and diesel.

March 28, 2024

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian National Petroleum Company Limited NNPC

January 3, 2024

Business·Insights

Road Transportation GDP Contribution Falls By N558.05bn, Factors Behind Decline

In the second quarter of 2022, the Nigerian government recorded a 46.70 per cent or N558.05bn year-on-year drop in the contribution of road transportation to the country’s economy. At the end of the quarter in review, the road transport contribution to the

August 28, 2023

Business·Oil & Gas

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

In July 2023, Nigeria’s total crude oil production fell to 33.5 million barrels, resulting in about N249 billion or $320.4 million lost last month, worsening the Federal Government’s revenue problem in the oil industry. Nigeria had pumped 37.5 million barrels of crude

August 21, 2023

NLC Blames Govt Officials For Forex Crisis, Demands Urgent Stabilisation Of Naira

Business·Oil & Gas

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has warned that another increase in the fuel price will lead to an indefinite nationwide shutdown. Ajaero made the warning at the African Trade Union alliance meeting in Abuja, on Monday, after

August 14, 2023

Business·Oil & Gas

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

The price of Premium Motor Spirit, also known as petrol, is projected to rise from N580 to N750 per litre weeks from now, according to oil marketers. In a statement by the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria

August 14, 2023

NNPC Doesn’t Have Fuel To Sell – Oil Marketers’ Depot Chairman Says

Business·Markets

Refineries Will Only Reduce Fuel Price By N60/N70 – Oil Marketers

The National Controller Operations for the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi, has disclosed that the commencement of refinery operations in Nigeria will not have a significant impact on fuel prices. Osatuyi revealed that fuel prices will only drop

August 3, 2023

Business·Oil & Gas

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

In order to avert a hike in the price of Premium Motor Spirit (PMS), known as fuel, Nigerian National Petroleum Company (NNPC) Limited has increased the supply level to oil marketers. This was revealed by the National Public Relations Officer, the Independent

March 20, 2023

Pan-Nigerian Aggregation, Not Peter Obi, Defeated Tinubu In Lagos

Business·FEATURES·Insights·Oil & Gas·Top Stories

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

With the 2023 Presidential election just three days away, Nigerians should brace up for a significant hike in Premium Motor Spirit (PMS), also known as fuel, if Peter Obi, Bola Tinubu or Atiku Abubakar emerged as the winner. Fuel price as a

February 22, 2023

Business·Oil & Gas

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are still selling fuel above the government-agreed price. Prime Business Africa on Wednesday gathered that filling stations of independent oil marketers were selling fuel at a range between N300 and N330

February 9, 2023

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Fuel price

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Road Transportation GDP Contribution Falls By N558.05bn, Factors Behind Decline

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

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

Refineries Will Only Reduce Fuel Price By N60/N70 – Oil Marketers

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

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