Tag
PMS
The ongoing fuel scarcity has again intensified the demand for Premium Motor Spirit (PMS) production from Dangote Refinery, the world’s largest single-train refinery, drawing attention from both industry stakeholders and consumers.
The Chief Financial Officer (CFO), of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has disclosed that the government pays the company to sell PMS at half price of the landing cost- what he calls shortfall.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced that fuel stations will extend their operating hours to improve the supply and distribution of petrol.
The Nigerian National Petroleum Company Limited (NNPCL) has warned the public against panic buying of PMS also known as petrol stating that it has about 1.5 billion litres of the product which would be sufficient for 30 days supply.
Oil marketers have blamed the fresh scarcity of petrol on the supply challenges from the Nigerian National Petroleum Company (NNPC) Limited, the major oil supplier.
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase.
Dangote Refinery is set to supply Premium Motor Spirit (PMS) popularly known as petrol to marketers next month, May 2024, according to sources familiar with the matter.
Nigeria’s import expenditure on armoured vehicles has significantly surpassed that on fuel in the final quarter of 2023, according to the National Bureau of Statistics (NBS).
The National Bureau of Statistics (NBS) has disclosed that Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, during the first half of 2023.
The Nigerian National Petroleum Company Limited (NNPCL) has again assured the public that it has no plan to increase the price of premium motor spirit (PMS), popularly known as petrol, in the market.
Nigeria has been listed as the 22nd country with the most affordable fuel prices globally in a recent report comparing the costs of Premium Motor Spirit (PMS) worldwide.
IPMAN and NNPCL have cautioned Nigerians against panic-buying of fuel and refuted rumors of an impending increase in the pump price of petrol, commonly known as PMS.