Tag: petroleum marketers

Petroleum Marketers Set Actual Price of Petrol at N1,500

Hetty

Petroleum marketers in Nigeria have declared the actual price of Premium Motor Spirit (PMS), commonly known as petrol, at filling stations. They insisted that the correct price of petrol should be N1,500 per litre, citing a gap between the cost-reflective price and the current pump price, which ranges from N617 to N820 per litre. The […]

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Marketers Give Reason for Recent Increase in Petrol Pump Price

Petroleum Marketers Increase Pump Price of Petrol Once More

Hetty2 Comments on Petroleum Marketers Increase Pump Price of Petrol Once More

Pump price of Premium Motor Spirit (PMS) also called petrol has increased following what marketers described as an ‘Act Of Sabotage‘ by haulage operators across the country. The marketers say tanker drivers are imposing illegal charges on marketers ranging from between N50,000 to N100,000 per 33,000 litres petrol tanker capacity. The Independent Petroleum Marketers Association […]

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Petrol Stations in Kano Deserted as Commodity Sells for N617/Litre

Fuel Scarcity: Crisis Imminent as Petroleum Marketers Move to Challenge Aspects of Subsidy Removal

Hetty

Key players in the country’s downstream sub-sector of the oil and gas industry have kicked against some aspects of the Petroleum Industry Act (PIA) with regards to the subsidy removal. The marketers are seeking access to foreign exchange at a rate that will be friendly to their bottom-line. They also express concern over what they […]

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