Despite long queues and above N200 per litre pump price of Premium Motor Spirit (PMS) across states, the Federal Government yesterday insisted that the pump price of the product remains at N170 per litre.
•‘Secret approvals of pump price a departure from PIA objectives’ • Marketers seek full deregulation For the second time in about seven months, the Federal Government again acceded to arm-twisting antics of marketers, yesterday, by quietly approving an increment in the pump price of Premium Motor Spirit (PMS), otherwise known as petrol. According to…
The Federal Government has quietly approved ₦185 as the new petrol pump price per litre. A source told The Guardian that the approved pump price was communicated to major marketers in a memo early Thursday. Our correspondent gathered that fuel stations in Lagos have started adjusting their pump price to the approved ₦185 per litre.…
As queues for fuel continue to grow in most parts of the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) insists there are no plans by the Federal Government to increase the price of Premium Motor Spirit (PMS).
21 Jun 2022
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members can no longer sell premium motor spirit (PMS) at ₦180 per litre. IPMAN said their decision was due to a “hostile” business environment which made some stations shut down. Speaking at a media briefing in Lagos, Akin Akinrinade, chairman, Lagos satellite depot, said selling…
28 Feb 2022
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are at loggerheads over the pump price of petrol.
25 Feb 2022
As fuel scarcity continued unabated nationwide, Bayelsa has directed that no fuel station should sell petrol above N230 per litre as against the national price of N165 per litre.
9 Feb 2022
Minister of state for petroleum Timipre Sylva on Wednesday said there will be a major investigation into the circulation of an unsafe quantity of methanol in petrol imported into Nigeria. Sylva said this during a media briefing after the Federal Executive Council meeting in the State House in Abuja. He did not disclose the identities…
16 Dec 2021
The Independent Petroleum Marketers of Nigeria (IPMAN) has blamed the increase in the pump price of petrol in South-Eastern states on the hike in price at private depots.
17 Nov 2021
The National Bureau of Statistics (NBS) says South-East residents paid the highest average price for Premium Motor Spirit (PMS), popularly known as petrol, in October.
19 May 2021
The National Bureau of Statistics (NBS), says residents of Plateau, Kano and Abia states paid the highest amount for Premium Motor Spirit (PMS), popularly called petrol in April.
21 Apr 2021
The All Progressives Congress (APC) has assured that the pump price of petroleum products would not be increased in the new future.