The recent fluctuations in the price of Premium Motor Spirit (PMS), commonly known as petrol, have once again underscored the fragile nature of Nigeria’s post-subsidy fuel market. While slight reductions in fuel prices may offer some relief to the public…
The Dangote Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835 per litre. Anthony Echiejina, the Group Chief Branding and Communications Officer of Dangote, disclosed this in…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria has significantly reduced its importation of Premium Motor Spirit (PMS). The Chief Executive Officer, NMDPRA, Farouk Ahmed, said this during the Meet-the-Press briefing series organised by the Presidential Communications…
By Seun Ibiyemi The Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the…
By Seun Ibiyemi Nigeria’s petrol imports soared in 2024, more than doubling despite increased local refining capacity, underscoring the nation’s ongoing reliance on foreign fuel supplies. The latest foreign trade statistics report from the National Bureau of Statistics (NBS) indicates…
The Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. The price cut comes amid a growing price war between major marketers…
Energy expert, Dan Kunle has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery’s capacity to meet domestic demand, is a disservice to the…
Dangote Refinery has reduced the loading price of Premium Motor Spirit (PMS) otherwise known as petrol to N890 per litre. The refinery increased the petrol loading price to N950 per litre three weeks ago. The Spokesman for the Dangote Group,…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on marketers to lower the price of Premium Motor Spirit, or petrol, in light of the Dangote Refinery’s decision to reduce the ex-depot price from N950 to N890…
The Nigeria Customs Service (NCS) says its will auction 15,325 litres of seized premium motor spirit (PMS), popularly called petrol, to ease transportation during the festive period. Hussein Ejibunu, national coordinator of the service’s operation whirlwind, made the announcement on…
