The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N191.65 in September 2022 to N626.21 in September 2023. It made the declaration in its Petrol Price Watch for September 2023 released…
The consumption of Petrol by Nigerians in July 2023 suffered a decline of 16.8 per cent. This is according to the data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Petrol consumption in the country dropped by 16.8 per…
Since President Bola Tinubu scrapped Nigeria’s fuel subsidy in May, Nigeria’s petrol imports from Europe have fallen by about 48 per cent. According to data from S&P Global Commodities at Sea, the demand for Premium Motor Spirit has dropped by…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has dismissed report that the Association accused security agencies of being responsible for the current hike in pump price of petrol in the country. This was made known in a statement by…
The daily petrol consumption in Nigeria has experienced a decline by 35 per cent since the removal of subsidy. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive, NMDPRA, Mr Ahmed Farouk said the country’s petrol daily consumption figure stands…
By Bayonle Adegbola The Nigeria Customs Service (NCS), Ogun 1 Area Command has revealed that it intercepted 37 trailer-loads of foreign parboiled rice and 173,975 litres of petrol across different locations between January and June 2023. The Command said the seized 173,975…
Petrol consumers may pay about N8.4trillion for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings and industry data showed. This represents about 250 per cent…
…Set to introduce electric vehicles Governor of Lagos State, Baba jide Sanwo-Olu has made it known that he plans to to bid farewell to the use of petrol and diesel Bus Rapid Transit (BRT) in the state, as it embarks…
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol has increased from N185.30 in March 2022 to N264.29 in March 2023. It made the declaration in its Petrol Price Watch for March 2023…
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023. It made the declaration in its Petrol Price Watch for February 2023 released…
