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…
The Nigerian Navy, Forward Operation Base, Ibaka, in Akwa Ibom has arrested two suspects and impounded their wooden boat laden with 5,100 litres of petrol. Commanding Officer of the base, Navy Capt. Uche Aneke, handed over the suspects, the boat…
Petrol price stood at N668.30 in January – NBSThe National Bureau of Statistics (NBS)says the average retail price of a litre of petrol increased from N257.12 in January 2023 to N668.30 in January 2024. The bureau stated this in its…
The abolition of petrol subsidies by President Bola Tinubu remains a source of confusion, even after nine months since the decision was made. Despite assurances from the Federal Government and the Nigerian National Petroleum Company Limited that subsidies have been…
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N202.48 in November 2022 to N648.93 in November 2023. NBS said this in its Petrol Price Watch for November 2023 released in…
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…
