Petrol

The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the product, oil marketers stated on Tuesday. This will…

The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the…

Oil marketers, on Thursday, issued a stern warning to the public, asking them to expect to buy petrol at ‘any price’. Marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria, told The PUNCH that the…

As the cost of premium motor spirit continue to rise, civil servants in the Federal Capital Territory (FCT) are raising concerns over how fuelling their cars consume more than half of their monthly income. Some of the civil servants, who…

The Nigerian National Petroleum Company Limited’s stock of Premium Motor Spirit, popularly called petrol, dipped by 5,481,239 litres, according to industry data released on Tuesday. Although the drop in PMS stock was marginal, queues for…

Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to get the product. Black marketers had a field day, selling a litre of fuel at N300-N400 in many parts of the…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has appealed to Nigerians not to engage in panic-buying of premium motor spirit, popularly known as petrol, saying it has enough in stock. The Chief Executive Officer,…

The Federal Operations Unit, Zone A, of the Nigeria Customs Service said that suspected smugglers shot severally at officers of the service in an attempt to smuggle 81,425 liters of Petroleum Motor Spirit at Badagry area of Lagos State in…

Without federal government’s subsidy on premium motor spirit (PMS), the pump price of the fuel who have been costing consumers N462 per litre, the Nigerian National Petroleum Company Limited (NNPCL) has said. In a statement issued on…

The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday, grilled the Minister of Finance, Budget and National Planning, Zainab Ahmed, over payments of subsidy on…