Tag: petrol subsidy

Nigerian oil marketers have once again, insisted that petrol should sell for no less than N1,200 per litre considering the running costs of getting the commodity to consumers. This comes after the Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, clashed again […]

President Bola Tinubu is said to be considering a temporary petrol subsidy to mitigate the hardship suffered by Nigerians. TheCable, the president is exploring the measure as crude oil prices and foreign exchange rates continue to rise in the international market. Presidency sources told the news platform that President Tinubu is yet to take a […]

Petroleum marketers have alerted the federal government that petrol may sell for N800/litre soon. According to them, once the subsidy on PMS is removed, the price of petrol will skyrocket, according to a report by Punch. Industry operators have repeatedly stated that the high cost of subsidy on petrol was a burden on the Nigerian […]

The President, Petroleum Products Retail Outlets owners Association of Nigeria, Billy Gillis-Harry has disclosed that Premium Motor Spirit popularly known as petrol would have been selling at between N500 and N600 per litre if the government was not subsidizing it. Following the recent fuel scarcity that rocked the country, the present pump price of petrol […]