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

The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.

Coalition of Nigeria Citizens Action Group (NCAG) is demanding the reversal of petrol pump price, against last week’s increase announced by the Federal Government.

Zimbabwe on Wednesday announced a 150 percent rise in the price of fuel following the launch of a forex auction system which eroded the value of the local currency.

Zimbabwe on Tuesday announced a fresh increase in fuel prices, months after a price hike triggered nationwide protests and a brutal security crackdown as the country's economy woes deepen further.

The Nigerian National Petroleum Corporation (NNPC) says it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.

A Fresh increase in the pump price of petrol is among the contents of a bill that has been approved by the Senate Committee on Works. It was presented yesterday for enactment by the upper chamber.

The House of Representatives Ad hoc Committee on Review of Petroleum Pump Price yesterday embarked on a fact-finding mission to the Petroleum Products Pricing Regulatory Agency (PPPRA) to acquaint itself with the real situation of fuel in the country.

Mr Victor Shidok, the Acting Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), on Monday in Abuja said there was no plan to increase the price of petrol.

It is curious that state officials are speaking in tongues again about the old bogey called “fuel price hike” and the devourer known as “fuel subsidy.” The spin-doctors are on the match again and members of the public....

The Trade Union Congress of Nigeria (TUC) has warned the Federal Government against any plan to increase the pump price of fuel.It urged the government to improve people’s living conditions.

Against the background of arguably the worst economic hardship in Nigeria ever, evident in high cost of living and unprecedented human suffering in the country, insinuations of another increase ...