Billy Gilly-Harry, President of the Petroleum Products Retail Outlets Owners Association of Nigeria, has issued a warning about a potential increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, in the near future. This alert comes…
Just a few days ago residents of Niger state, a neighbouring state to the Federal Capital Territory (FCT) Abuja protested the hyperinflation plaguing the country, which has drastically affected the standard of living for citizens. This is coming when Nigerians…
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have urged the Federal Government to fix bad roads and encourage private and modular refineries to enable affordable petroleum products. NOGASA also called on the government to reduce Value Added…
Mr Tunji Oyebanji, former Chairman, Major Oil Marketers Association of Nigeria (MOMAN), has cautioned Nigerians, especially marketers against speculations over petroleum pump price. Oyetunji said this in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos.…
The Major Oil Marketers Association of Nigeria (MOMAN) says it is holding talks with domestic airlines for steady supply of aviation fuel for their operations. Mr Clement Isong, Executive Secretary, MOMAN, confirmed the development on Wednesday in Lagos. He said…
The costs Nigeria expended on fuel subsidy increased by 890% over a five year period (2017-2021) in Nigeria as fuel prices had recorded an increase of 12.1%. The socioeconomic research firm, SBM Intelligence reported this in a report titled “Growing…
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with its price increasing by 70 per cent since the start of 2021. According to IATA, the Switzerland-based trade organisation representing…
…Cautions against hoarding, panic buying …As Marketers shut stations By Ogaga Ariemu, Akinyemi Kehinde and Adeboye Faizat Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC)…
