Tag
PMS
The yuletide season is characterized by two pivotal activities: food preparation and travel. Traditionally, various local and international...
Fuel pump prices recorded a 226% increase between September 2022 (N191.65) and September 2023 as Nigerians paid an average of N626 per litre for fuel in September 2023.
With the NNPC Ltd confirming it's the only importer of PMS into Nigeria and the retail local price of PMS locked in place even as the price of Brent Crude rises, it's now clear the PMS subsidy is back
Ajuri Ngelale, the Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs has said that more refineries in Nigeria, will not lead to lower fuel prices. He stated this during a recent interview via TVC News.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Ahmed Tinubu over the failure to publish spending details of about N400 billion so far saved as a result of the removal of subsidy on Premium Motor Spirit (PMS) popularly called petrol.
The landing cost of petrol in Nigeria is a crucial factor that influences the retail price of petroleum products.
NBS reported that the average price for Premium Motor Spirit (PMS) advanced by 129.23% m/m and 210.31% y/y to N545.38/litre from the average price of N238.11/litre and N175.89/litre in May 2023 and June 2022 respectively.
Nigeria’s Debt Management Office (DMO) revealed that it expects the Nigerian government to witness improvements in revenues from the work of the Committee on Revenues set up by the president.
The Nigerian National Petroleum Company Limted, has attributed the increase in the price of Premium Motor Spirit (PMS) otherwise known as petrol to the market realities.
CORAN, has emphasized that supporting modular refineries will provide Nigerians with access to more affordable fuel.
The Nigerian Extractives Industries Transparency Initiative (NEITI) has announced its intention to conduct a study on the accurate fuel consumption data in the country.
Oil marketers in the country may still not afford full premium motor spirit (fuel) orders following a new directive issued by the Nigerian National Petroleum Company (NNPC) Limited over the weekend.