petrol price
20 Jul 2023
A spokesman for the All Progressives Congress (APC) campaign council during the 2023 election Bayo Onanuga has urged Nigerians to wait patiently for the palliatives promised by President Bola Ahmed Tinubu. Onanuga said this in the wake of the new pump price of fuel coupled with the removal of payment of subsidy on petrol which…
19 Jul 2023
The Peoples Democratic Party (PDP) has said that fuel should not sell for more than N150 per litre in Nigeria. The PDP said this in the wake of the recent increase in the pump price of fuel across the country. Recent findings showed that the pump price of fuel surged to N617 per litre in…
18 Jul 2023
The Nigeria National Petroleum Corporation Limited (NNPCL) on Tuesday reacted to the sudden increase of fuel pump prices from N540/litr to N617/litr, describing the development as "market forces at play." Group Chief Executive Officer of NNPCL, Mele Kyari offered the explanation after he met with the Vice President, Kashim Shettima at the Presidential Villa, Abuja.…
30 Jun 2023
The Federal Government of Nigeria (FGN) has so far saved about N400bn within the four weeks following the removal of payment of subsidy on Premium Motor Spirit (PMS) popularly called petrol. This is according to the Independent Petroleum Marketers Association of Nigeria (IPMAN). “Right now, they (the government) are making money. At least with this…
19 May 2023
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed a drop from N264.29 in March to N254.06 in April 2023. This is according to the NBS Petrol Price Watch released in Abuja on Friday. It stated that the April 2023 price of N254.06 represented a 3.87 per…
15 May 2023
In August last year, the Nigerian government signed an agreement with the World Bank for a loan of $800 million to fund fuel price increases palliatives for the poor.
18 Apr 2023
The Independent Petroleum Producers Group (IPPG) has called on the incoming administration of Sen. Bola Tinubu to address the bottlenecks mitigating against industry growth and energy security.