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There was, on Saturday, a reduction in the pump price of petrol according to observations by journalists. The newsmen who visited various NNPCL retail stations in the nation’s capital city observed that the price of petrol was lowered from ₦1,060 to ₦1,040 per litre, indicating a reduction of ₦20. According to a filling station attendant […]
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There is a gradual reduction in the pump price of petrol according to the Independent Petroleum Marketers Association of Nigeria (IPMAN) and major oil marketers. This comes after about 18 months since the deregulation of Nigeria’s downstream oil sector which triggered competition among oil marketers. The development comes as the Nigerian National Petroleum Company Limited […]
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Fuel scarcity has hit several states across Nigeria, including Lagos, Ogun, Abuja, Niger, and others, leading to long queues at fuel stations and a hike in prices. The situation is made worse with many of the stations unable to get supplies with black marketers taking advantage of the scarcity to sell fuel at exorbitant prices. […]
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Petrol retailers have reacted to the recent petrol shortage in the nation, attributing it to difficulties in supply from the only importer of the product, the Nigerian National Petroleum Company Limited (NNPCL). According to the marketers, they have had to turn to depot owners to secure fuel for their stores, leading to a “minor” increase […]
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The Federal Government has announced an increase in the pump price of petrol. According to Vanguard, the price was hiked by 8.8% and will now sell for N185 per litre instead of N170 per litre. The ex-depot price also shot up from N148 per litre to N167. However, Vanguard’s findings show that many filling stations […]
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The Federal Government and petroleum marketers have officially increased the pump price of fuel. With this development, stations across the country may start selling Premium Motor Spirit (petrol) between N170/litre and N190/litre, sources have claimed. An agreement was reportedly reached between Oil Marketers and Federal Government to hike the fuel price to the said amount. […]
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The Nigerian National Petroleum Corporation (NNPC) has given an update on the imminent increase in petrol pump price being muted by the Federal Government. The Corporation says it will not apply any increase until the Federal Government concludes it’s negotiations with labour. Group General Manager, Group Public Affairs Division at Nigerian National Petroleum Corporation , Kennie […]
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After a weeklong petrol scarcity, filling stations in Lagos and Ogun States have now increased the pump price of petrol to N170 per litre from N162. Reports say the increase is as a result of the supply shortage facing private depots in Apapa. Most stations along the Lagos – Ibadan Expressway have adjusted their metre […]
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Pump Price of Petrol is further reduced from N125 per litre to N123.5 per litre. This is contained in a broadcast by the Petroleum Products Pricing and Regulatory Agency (PPRA) on Tuesday, 31 March. The reduction comes a little over 1 week after the pump price of petrol was slashed from N145 to N125. The […]
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