Abuja – The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 was N163.68. The Agency disclosed this in its Petroleum Products Pricing Template released on its website, on Monday in Abuja. According to the template, the […]
The National Bureau of Statistics (NBS), on Wednesday, said the average prices paid by consumers for Premium Motor Spirit (petrol), Kerosene, Liquefied petroleum gas (cooking gas) and Automotive Gas Oil (Diesel) dropped in March by 5.3 percent to N163.4 from N172.5 in February 2018 while price for Kerosene decreased by 6.79 percent to N269 in […]
Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world. Baru, who spoke through NNPC’s Chief Operating Officer (COO), Upstream, Alhaji […]
The Nigeria Customs Service (NCS), Seme Border Command, intercepted 2,200 jerry cans of smuggled of petrol with a Duty Paid Value (DPV) worth over N10 million between Dec. 1, 2017 and date. The Area Controller, Comptroller Mohammed Aliyu, disclosed this on Monday through the command’s Chief Public Relations Officer (PRO), Mr Taupyen Selchang. The controller […]
More than 80 petrol filling stations have been shut in Delta state for selling above official price and hoarding. The stations were sealed by Department of Petroleum Resources (DPR), Warri Zonal Office, since fuel scarcity begun in December, 2017. According to the News Agency of Nigeria(NAN), Mr. Antai Asuquo, the Warri Zonal Operations Controller, said […]
The Nigerian National Petroleum Corporation (NNPC) says it is intensifying efforts to flood the market with petrol and other products to ease scarcity pervading the country. Many motorists and travellers had been groaning in pains in the last few days over the persistent fuel scarcity across the country. The NNPC spokesman, Mr Ndu Ughamadu, said […]
The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of […]
Sokoto State Government says it plans to commence the sale of one million litres of petrol to motorists weekly to stabilise the fuel supply situation in the state. The Chairman of the State’s Task Force on the supply of petroleum products, Alhaji Ibrahim Magaji, disclosed this to the News Agency of Nigeria (NAN) in Sokoto […]
Regrettable as the pains suffered by Nigerians more than one week now due to the scarcity of Premium Motor Spirit (PMS) otherwise called petrol, one clear fact that has emerged is that until the massive importation of the product is eliminated and the nation’s refining capacity enhanced through revamping existing refineries and building of new […]
The Nigerian crude oil industry is not only oily but also crude. That was the damning verdict of the Emir of Kano, HRM Muhammadu Sanusi 11, while speaking on the Cable News Network (CNN) on Wednesday. The emir, the immediate past Governor of the Central Bank of Nigeria (CBN), identified the unresolved controversy over kerosene […]