Premium Motor Spirit Archives

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

Reduction in PMS: A nod to the deregulation of the downstream sector?

The Presidency yesterday announced a reduction in the price of Premium Motor Spirit (PMS) to N125 from the current price of N145.

Petrol prices, Closure of border petrol stations lowers fuel consumption by 30% - Customs Boss, BREAKING: FG approves reduction in pump price of petrol

Business News4 months ago

Update: FG approves reduction in pump price of petrol to N125

The FG has approved the reduction of the pump price of PMS petrol from N145 per litre to N130 per litre.

Petrol importation gulps N1.13 trillion in 2019, as Nigeria fails another deadline

Business News4 months ago

Oil marketers give conditions to resume fuel importation

Oil marketers in the country have outlined conditions that will facilitate their involvement in fuel importation.

NCDMB, output cut, Petroleum Industry Bill to be passed by mid-2020, says Sylva, FG discovers crude oil in north, says there’s more , OPEC, non-OPEC countries to meet as Saudi, Russia price war affects Nigeria’s budget, FG considers fuel price reduction, OPEC deal: Nigeria to generate additional $2.8 billion revenue as FG reacts

Business News6 months ago

FG discloses plan to sell fuel at N97 per litre with new initiative

The Federal Government (FG) has disclosed plans to sell fuel at a reduced price of N97 per litre.

reserves, Nigeria Crude Oil Prices, Nigeria wants international oil companies to pay up now , Trade conflict between United States, China continues to affect oil prices, Global oil prices rally to $69.16, as Soleimani killed in US air strike, Crude oil prices continue to rise on the backdrop of US-Iran tension, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark, Coronavirus: FG to review budget as oil price plunges, BOOM: Crude oil price crash below $30 in worst trading day since 1930,Bears ravage Global market, Brent Oil surges 10% trading at $27.29 per barrel, Crude Oil up 10% as Brent crude raises to $27 per barrel, Oil market crisis – possible production shutdown looms, The time crude oil became cheaper than water,, Brent crude surges past $40, analyst recommends investment in crude oil derivatives, Nigeria's Bonny light hit four months high, Nigeria's Bonny light hit four months high

Business News6 months ago

PMS subsidy rises to N47.5/litre

The Federal Government subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per liter, as the crude oil price increased to $67.86...

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

Business9 months ago

FG pays N326.43 billion as petrol subsidy in four months

According to the latest Nigerian National Petroleum Corporation (NNPC) performance report, the amount paid on subsidizing Premium Motor Spirit (PMS) increased by N58.6 billion in April 2019.

Business News11 months ago

Petrol sells at lowest price in North East Nigeria – NBS

The latest price watch report released by the National Bureau of Statistics (NBS) shows that Premium Motor Spirit (popularly known as Petrol) sells at the lowest price in North-East Nigeria...

Subsidy removal in Nigeria, Petrol price, Crude oil, Dangote Refinery, Oil and Gas license renewal, Ibe Kachikwu, Oil and Gas, Licence, Shell, Total, Oilfields

Business News1 year ago

Kachikwu advocates refineries repair as petrol landing cost reaches N180 per litre

The Minister of State for Petroleum Resources, @IbeKachikwu, on Tuesday, said the landing cost of Premium Motor Spirit, also known as petrol, is now higher than the pump price...