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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

March 28, 2024

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.

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business News·Oil & Gas

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

January 3, 2024

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

Business News·Insights

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

August 28, 2023

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

Business News·Oil & Gas

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

August 21, 2023

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

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

Business News·Oil & Gas

NLC Considers Indefinite Nationwide Shutdown Over Proposed Hike In Fuel Price

August 14, 2023

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

Business News·Oil & Gas

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

August 14, 2023

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

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

Business News·Markets

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

August 3, 2023

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

Business News·Oil & Gas

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

March 20, 2023

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

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

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

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

February 22, 2023

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

Business News·Oil & Gas

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

February 9, 2023

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

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

Business News

Oil Marketers Shelve Shutdown Over Gov’t’s N195 Per Litre Fuel Price

February 8, 2023

Independent Petroleum Marketers Association of Nigeria (IPMAN) branch in Borno State has shelved the planned shutdown of operation in protest of the N195 per litre fuel price. The Nigerian National Petroleum Company

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Business News·Oil & Gas

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

January 25, 2023

President Muhammadu Buhari, who also doubles as Minister of Petroleum Resources, has created a 14-man Steering Committee on Petroleum Products Supply and Distribution management. Buhari instituted the committee to probe and resolve

Business News·Oil & Gas

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

January 10, 2023

The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the Nigerian National Petroleum Company (NNPC) Limited sells petrol at a loss. Sylva’s claim follows nationwide criticism of President Muhammadu

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

Business News·Oil & Gas

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

January 3, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has faulted Nigerians for the long queues at filling stations across the country. According to the National Operations Controller of IPMAN, Mike Osatuyi, there’s

Fuel Scarcity: I'm Sorry, Buhari Tells Nigerians

Business News·Oil & Gas

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

December 1, 2022

Despite filling stations selling Premium Motor Spirit (PMS) between N230 and N250, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the government has no intention of increasing fuel price.

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business News·Oil & Gas

Petrol Pump Price May Hit N650 – Marketers

November 14, 2022

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (lPMAN), Mike Osatuyi, said petrol pump price may rise astronomically as Nigerians could buy fuel at N650 to N700 per

Business News·Oil & Gas

NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic

November 10, 2022

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for increase in fuel price, stating the N170 per litre is no longer realistic. During the

Editorial: Buhari’s Unclaimed Funds Trust Fund

Business News·Oil & Gas

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

August 3, 2022

The Minister of State for Petroleum Resources, Timipre Sylva, has blamed Nigerian oil marketers for the increase of fuel price across filling stations within the country, amid scarcity. Sylva said the government

Business News·Oil & Gas

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

July 18, 2022

Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime

Business News·Oil & Gas

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

July 11, 2022

The Nigerian National Petroleum Company (NNPC) Limited has increased price for premium motor spirit (PMS) at its filling stations amid fuel scarcity. Prime Business Africa gathered that NNPC retail stations hiked fuel

Business News·Oil & Gas

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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

Oil Marketers Shelve Shutdown Over Gov’t’s N195 Per Litre Fuel Price

Oil Minister Buhari Sets Up Petrol Committee As Litre Price Nears N300

NNPC Sells Fuel At Loss, Performing Magic – Oil Minister Sylva

Oil Marketers Blame Nigerians For Queues At Filling Stations, TUC Demands N180/Litre

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Petrol Pump Price May Hit N650 – Marketers

NNPC Boss, Kyari, Calls For Increase In Fuel Price, Says N170 Per Litre Unrealistic

Nigerian Government Says It Hasn’t Increased Fuel Price, Blames Oil Marketers For Hike

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

NNPC Increases Fuel Price In Own Filling Stations Amid Scarcity In Other Private Stations

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

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