By Seun Ibiyemi The Federal Operations Unit Zone A of the Nigeria Customs Service (NCS) says it has intercepted 34,725 litres of smuggled petrol, 12 trailers of rice, among other contraband. The unit reported that it arrested nine suspects in…
By Uthman Salami Amid fluctuating price of Premium Motor Spirit (PMS), popularly known as Petrol, the Federal Government is proposing over N6.7 trillion on petrol subsidy payments in 2023. Subsidy or under-recovery is the underpriced sales of premium motor spirit…
…As long queues reduce in Lagos, South West By Our Correspondents Motorists in filling stations across the country have continuously dumped fuel stations selling the Premium Motor Spirit (PMS) at N200 and above per litre amidst uncertainties that have shrouded…
Availability of Premium Motor Spirit (PMS), also known as petrol, is improving in Lagos State, after days of scarcity of the product. The island and Mainland filling stations reported that queue are beginning to disappear and observed that most of…
By Uthman Salami Following the alarm raised over damage of vehicles by imported Premium Motor Spirit (PMS) blended with methanol, Investigations have dispelled the rumbling misconceptions over the dangers of PMS blended with methanol on cars in Nigeria. It would…
The House of Representatives Committee on Finance has vowed not to be cowed in its quest to ascertain the actual volume of premium motor spirit (PMS) and other petroleum products in the country. The Chairman of the Committee, James Faleke…
By Uthman Salami The Vice President of Nigeria, Yemi Osinbajo, has called on the Nigerian Ports Authority (NPA) to review its import dues on Premium Motor Spirit (PMS) in a bid to reduce the pressure of the price in Nigeria.…
…as Petrol queues, black marketers surface in Abuja, others By Ayo Fadimu and Taofeek Lawal, Abuja The Nigerian National Petroleum Corporation (NNPC) has increased the daily supply of Premium Motor Spirit (petrol) across the country from 550 trucks to 1,661 trucks…
