The FG has reduced the pump price of premium motor spirit, otherwise known as petrol, from N168 to N162.44 per litre.
The pump price of petrol may be witnessing an increase as FG is set to add to it, strategic reserves’ financing cost.
There is a need for efforts to be geared to pull the cost of producing a barrel of crude.
The price cap per liter in respect of Premium Motor Spirit (PMS) is removed from the commencement of these Regulations.
FG said that they might be reviewing the pump price of Premium Motor Spirit (PMS), popularly referred to as petrol by April 1.
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA to raise their margins on petrol...
The Federal Government (FG) has postponed the date scheduled for the nation to stop the importation of petrol from 2019 to 2023.
The latest foreign trade report released by the National Bureau of Statistics (NBS) shows that Nigeria saved N670 billion on the importation of Premium Motor Spirit (Petrol) in half-year 2019.
Petrol will gulp 53% of Dangote Refinery's total daily production. This is according to Dangote Group's CEO, Aliko Dangote.
The report also shows that Bauchi State has the lowest average price