Fuel Price Archives — City Business News

October 12, 2024 No Responses

Nigeria Customs Auction Smuggled Fuel

Nigeria Customs Service (NCS) has auctioned Premium Motor Spirit, popularly called petrol seized by its operatives in Yola, Adamawa State. NCS Comptroller General, Bashir Adewale Adeniyi, disclosed this during a press briefing in the North-Eastern state. Represented by the NCS...

September 16, 2024 No Responses

NNPC Replies Dangote Refinery, Restates N898 Per Litre Transaction

The Nigerian National Petroleum Company Limited (NNPC Ltd), on Monday morning insisted that it bought Premium Motor Spirit (PMS), also known as Petro from Dangote refinery at N898 per litre. In a statement issued on Monday morning, Chief Corporate Communi...

September 15, 2024 No Responses

Dangote Refinery Faults NNPCL On N898 Per Litre Price

Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement...

January 4, 2024 No Responses

No Increase in PMS Prices, NNPC Assures Nigerians

The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. In a statement issued by Chief Corporate Communications Officer, NNPC Ltd, Olu...

July 19, 2023 No Responses

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Company Ltd, has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview...

May 31, 2023 No Responses

Fuel: Price Hits N520 In Edo, Delta

Fuel pump price is now between N400 and N500 in Edo and Delta, as long queues on Tuesday morning, resurfaced in the few filling stations opened for business. The News Agency of Nigeria (NAN) reports that the sudden hike in...

February 3, 2023 No Responses

Price Cap On Russian Refined Fuels To Disrupt Trade

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions...

February 10, 2022 No Responses

Petrol Queues Persist In Abuja

Motorists in Abuja on Wednesday continued to experience hardship in the purchase of Premium Motor Spirit (PMS), also known as petrol, for the fourth day running. The News Agency of Nigeria (NAN) reports that retail outlets around Maitama, Wuse, Gwarimpa,...

February 5, 2022 No Responses

Nigeria’s Fuel Subsidies Back Under The Spotlight

By LukmanOtunuga, Senior Research Analyst At FXTM — The explosive surge in oil prices over the past few months has been good news to energy producing countries including Nigeria. It is worth keeping in mind that Africa’s largest economy acquires...

March 13, 2021 No Responses

IPMAN To Members: Revert To Old Price Of N170

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the South East zone to revert to the old price of N170 and N175 per litre. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Community Depot in charge...

April 1, 2020 No Responses

Nigeria Reduces Fuel Price To N123.50 Per Litre

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced further reduction of the pump price of Premium Motor Spirit (PMS) also known as petrol from N125 to N123.50k per litre. The agency made the announcement on Tuesday in a statement...