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Fuel price

26 May
The Foundation for Environmental Rights Advocacy and Development (FENRAD), has condemned the recent recommendation of the Nigerian Governors Forum (NGF) that the price of petrol should be increased to between N380 and N408.5.
21 May
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government has no plans to increase the pump price of Premium Motor Spirit...
26 Jan
The pressure from IMF to remove all fuel subsidy and ensure BOP balance is also a key driver of PMS price hikes. In March 2020, the Federal government requested financial assistance under the IMF Rapid Financing Instrument....
25 Jan
The Federal Government plans to increase fuel (PMS) prices in 2021. The plans are already in an advanced stage. In March 2020, the Federal Government asserted that it has deregulated the PMS market.
17 Dec 2020
The National Bureau of Statistics (NBS) says Abia, Kebbi and Kwara residents paid the highest amount for petrol (Premium Motor Spirit) in the country in November.
15 Dec 2020
INDEPENDENT Petroleum Marketers of Nigeria (IPMAN) in Kano State has refused to comply with the Federal Government’s downward review of the pump price of Premium Motor Spirit (PMS).
15 Nov 2020
The Lagos Chamber of Commerce and Industry (LCCI) says accelerated domestic refining and processing of petroleum products would end the unstable petroleum pricing in the country, Dr Muda Yusuf, Director-Genera of the Chamber, said in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos. He explained that this action was necessary…
13 Nov 2020
The pump price of Premium Motor Spirit (PMS) otherwise called petrol may settle at N168 – N170 per litre as the Nigerian National Petroleum Corporation (NNPC) increased the wholesale price of the product from N147 to N155. The increase is coming despite the dwindling price of crude oil at the international market and the somewhat…
7 Oct 2020
The Igbo Speaking Community in Lagos, has urged economic managers to reverse the proposed plan to increase electricity tariff, noting that the policy would only bring untold hardship to the already-impoverished masses.
15 Sep 2020
No fewer than 180 civil society organisations (CSOs) based in Kano State have rejected the increase in pump price of premium motor spirit (PMS) known as petrol and electricity tariff, describing it as anti-people. At a press conference in Kano yesterday, the CSOs under the umbrella of Kano Civil Society Forum (KCSF) demanded an immediate…
5 Sep 2020
Members of the Coalition of Northern Groups (CNG) have asked the Federal Government to immediately reverse the hike in the pump price of petrol and electricity tariff or risk a prolonged nationwide protest.
8 Aug 2020
What appeared like a strategic decision earlier in the year, when the Federal Government opted for deregulation of the downstream petroleum sector and insisted on price modulation for Premium Motor Spirit

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