The Nigerian National Petroleum Company Limited (NNPCL) is considering a new reduction in the price of Premium Motor Spirit (PMS), popularly known as fuel or petrol, following the MRS filling station’s announcement of a price cut in collaboration with Dangote Refinery on Monday. This development comes after the MRS filling station announced a price reduction…
Oil marketers sourcing Premium Motor Spirit (PMS), commonly referred to as petrol, from Dangote Petroleum Refinery have reduced the price of the product by 11.8%, bringing it down to N939.50 per litre from the previous N1,060 per litre. As of yesterday, petrol was still being sold at N1,060 per litre, according to checks conducted by…
A prominent leader of the Peoples Democratic Party (PDP), Bode George, has called upon President Bola Tinubu to lower the petrol pump price to N300 per litre. George expressed optimism that Tinubu can bear the cost, suggesting that this reduction should begin in mid-December and continue until the end of January. The former Deputy National…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has announced that the price of Premium Motor Spirit (PMS) produced by the recently reopened Port Harcourt Refinery is ₦75 per litre higher than that offered by the Dangote Refinery. This information was disclosed by the association’s Public Relations Officer, Dr. Joseph Obele, during the…
Rising costs for food and fuel have driven Nigeria’s inflation rate to 33.88 per cent in October 2024, an increase from the previous month’s rate of 32.70 per cent. The National Bureau of Statistics, NBS, announced this information on Friday in its report on the Consumer Price Index and Inflation for October 2024. Analyzing the…
Nigerians have been urged to refrain from panic buying of the Premium Motor Spirit (PMS), better known as fuel or petrol. The Major Energies Marketers Association of Nigeria (MEMAN) issued this advice in a statement released on Thursday, assuring the public that an adequate supply is available. The statement issued in Lagos by the association’s…
Petrol stations operated by the Nigerian National Petroleum Corporation Limited (NNPCL) have raised the fuel pump price. On Wednesday, reports revealed that the fuel price, which was previously N897 in Abuja, the nation’s capital city, has now increased to N1,030. Journalists who visited the NNPC station in Maitama noted that motorists were lined up to…
