President Muhammadu Buhari has expressed sincere regrets for the inconvenience caused to citizens of the country following a prolonged shortage of petroleum products, something that the administration has successfully averted in its seven years in office. According to the President, “The…
By Isaac Olamikan Edo State Government has set Thursday, March 31, 2022, as the deadline for recertification of all petrol and gas stations within the Benin metropolis. The exercise, according to the Commissioner for Physical Planning, Urban and Regional Development,…
The Nigeria Security and Civil Defence Corps (NSCDC) said it seized eight trucks laden with suspected adulterated petrol and diesel in Rivers in a week. The trucks were impounded between March 1, and March 7, while attempting to distribute the…
The Federal Government in a bid to stave off panic buying of petrol has reassured that it will still have to bear cost of bridging petrol to ensure its availability across the country. The Chief Executive Officer (CEO) of the…
The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price…
The National Bureau of Statistics (NBS) says Premium Motor Spirit (PMS), popularly referred to as petrol, was more costly in Benue, Abia and Cross River in June. The NBS made this known in its “Premium Motor Spirit (Petrol) Price Watch…
Long petrol queues has surfaceed in Abuja and parts of Niger and Nasarawa states currently. Also, hundreds of black marketers who sell the commodity in jerrycans are currently in business in some of the affected locations. Many fillings stations were…
Consumers of Premium Motor Spirit (PMS) in Awka, the Anambra capital and its environs heaved a sigh of relief following the quick reversal of price of product from between N200 and N212 to between N175 and N180 per litre. Customers…
Against the backdrop of the rising price of oil prices, the landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre. It was reported on February 9 that the landing cost of PMS rose…
The price of Premium Motor Spirit (PMS) in Anambra has risen to between N170 and N175 per litre and its environs as against N162. However, the Independent Petroleum Marketers Association of Nigeria (IPMAN) blamed the development on non-availability of the…
