BY IFEANYI MOGBOLU The latest fuel price hike in Nigeria is beyond frustrating. Every time we think it can’t get worse, it does, and yet again, ordinary Nigerians bear the brunt of it. It’s like a never-ending cycle, where the government’s promises of reforms or stabilisation always end up as empty rhetoric. The cost of […]
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr. Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying that the PIA signals […]
Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol in May. NNPC has maintained an ex-depot price of N148/litre since February despite the hike in the actual cost of the commodity, hence incurring […]
The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Sen. Ita Enang has assured Nigerians that the presidency has taken drastic steps to crash the prices of petroleum products. To do so, the Federal government, according to Enang, has concluded plans to host a National Conference on Artisanal and Modular Refining to […]
The Federal government on Monday announced the reduction of the retail pump price of petrol to N121.50 per litre from the present N123.50. The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the new retail price band to marketers in a circular on May 31. Marketers according to the circular are expected to sell petrol between the […]
Lagos – The Nigeria Employers Consultative Association (NECA) has commended the Federal Government for reducing the price of petrol, describing the development as welcome. NECA Director-General, Mr Timothy Olawale, made the commendation in an interview on Thursday in Lagos. The Minister of State for Petroleum Resources, Mr Timipre Sylva, had on March 18, said that […]
Average price paid by Nigerian consumers for premium motor spirit (petrol) increased by 28.4 percent year-on-year and 11.1 percent month-on-month to N 190.9 in January 2018 from N171.8 in December 2017, according to data supplied by the National Bureau of Statistics (NBS). In a report released Tuesday the NBS indicated that Osun State topped the […]