The National Bureau of Statistics (NBS) says 20.30 billion litres of Premium Motor Spirit (PMS) also known as petrol was imported in 2023. The NBS stated this in its Petroleum Products Distribution Statistics for 2023 released in Abuja on Tuesday.…
The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery to allow independent marketers to commence the lifting of fuel from the newly established refinery. The resolution…
The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol landing cost, around N1,130 in previous weeks, came down by…
The latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed a 14 percent decline in petrol importation for 2023. A total of 20.28 billion litres of premium motor spirit (PMS) were imported this year, down from 23.54…
The Nigeria Employers Consultative Association (NECA) says the new hike in pump price of Premium Motor Spirit (PMS), also known as petrol, is worrisome and unfair. Mr Adewale-Smatt Oyerinde, the Director-General of NECA, said this in a statement while reacting…
The Ogun Command of the Federal Road Safety Corps (FRSC) has cautioned motorists against carrying petrol-filled jerrycans in their vehicles to avoid unnecessary disaster. The Ogun Sector Commander, Mr Fasakin Akinwumi, gave the caution on Monday while speaking with the…
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N545.83 in June 2023 to N750.17 in June 2024. It made the declaration in its Petrol Price Watch for June 2024 released…
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National Petroleum Corporation (NNPC), struggles to cover the gap between fixed pump prices and international fuel costs, according to six industry…
The Nigeria Customs Service (NCS), Zone A Team of Operation Whirlwind Task Force, has intercepted over 26,792 litres of Premium Motor Spirit (PMS), known as petroleum, in Badagry. Comptroller Huseein Ejibunu, the Head, Operation Whirlwind, disclosed this at a news…
The average retail price of Premium Motor Spirit (Petrol) in Nigeria for May 2024 surged by 223.21 percent to N769.62 per litre, compared to N238.11 per litre in May 2023. This data is sourced from the National Bureau of Statistics…
