petrol price
23 Dec
The Nigerian National Petroleum Company Limited (NNPCL) has dropped the retail price of premium motor spirit (petrol) to ₦965 per litre across its outlets in the Federal Capital Territory. This marks the second price reduction in less than two weeks, following an earlier decrease from ₦1,060 earlier this month. Customers at NNPCL's mega stations along…
23 Dec
Petrol will now sell for ₦935 per litre across Nigeria, the Independent Petroleum Marketers Association of Nigeria (IPMAN) announced. The association cited a new pricing framework with Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPCL). IPMAN President Maigandi Garima explained that the reduction follows a significant cut in the ex-depot price to…
17 Oct
The House of Representatives has asked the Presidency to revert to the old pump price of petroleum products, maintaining that the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians.
16 Oct
The House of Representatives has asked the Federal Government to revert to the old pump price of petroleum products, maintaining that the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians. The lawmakers specifically demanded an urgent reversal of the hike in the price of fuel…
14 Oct
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the second increase in petrol prices...
25 Sep
The Federal Government on Wednesday exonerated itself from the petrol pump price squabble between the Nigeria National Petroleum Company Limited (NNPCL) and private refinery, Dangote Refinery. The government said both parties were at liberty to determine their market prices for consumers. This position was revealed by Special Adviser on Information and Strategy, Bayo Onanuga, during…
23 Sep
The National Bureau of Statistics (NBS) has said Benue, Bauchi, and Gombe states paid the highest amount for Premium Motor Spirit (PMS), also known as petrol, in August, just as the average retail price of a litre of petrol increased from N626.70
22 Sep
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N626.70 in August 2023 to N830.46 in August 2024. It made the declaration in its Petrol Price Watch for August 2024 released in Abuja on Sunday. It stated that the August 2024 price of N830.46 represented a…
5 Sep
Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, on Thursday, said the Federal Government was not responsible for the recent increase in the price of petrol across the country. The minister said this while briefing State House correspondents after a meeting with Vice-President Kashim Shettima. Lokpobiri said the industry had been deregulated, and that…
3 Sep
The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit to N897 per litre across the country. Sources told The Guardian that “marketers were informed this morning of N870 after which they add their margins.” The Guardian’s check at some fuel stations of the NNPCL, showed that the new…
18 Aug
The average cost of diesel in Nigeria surged by 73.63% year-on-year, reaching N1,379.48 per litre in July 2024, according to the National Bureau of Statistics (NBS). NBS, in a statement on Sunday, said this represents an increase from N794.48 recorded in the same period last year. "The average retail price of Automotive Gas Oil (Diesel)…
26 Jul
The logistics fragment of the pump price of Premium Motor Spirit (PMS), especially the lack of pipelines, has been blamed for the
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