Tag
PETROL
The Nigerian House of Representatives rejected a motion to suspend the purported license of Dangote Refinery as the sole importer of petrol in the country.
As expected, the development has left many Nigerians frustrated
A review of data between August 2021 and August 2022 clearly shows the sector and Nigerians by extension, might benefit more from deregulation.
Petrol, durum wheat, and used vehicles led the list of top imported items by Nigeria in 2021, jointly accounting for 28.9% of the total import bill recorded...
The NNPC has said that it has commenced the distribution of one billion litres of safe petrol to fuel stations across the country.
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage...
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 prices.