17 Mar 2021
The Department of Petroleum Resources (DPR) has warned members of the Independent Petroleum Marketers Association (IPMAN) in Taraba against selling petrol above the official pump price of N162 per litre.
12 Mar 2021
Nigeria's petrol price regulator has pulled down the pricing template for March a few hours after it published it. "PLEASE BE INFORMED THAT PUBLISHED PRICES ARE ONLY INDICATIVE OF CURRENT MARKET TRENDS," Petroleum Products Pricing Regulatory Agency said on Friday after deleting the template. The agency is reacting to the nationwide outcry that welcomed the…
12 Mar 2021
Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to N212.6 per litre, Petroleum Products Pricing Regulatory Agency (PPPRA) said in a new monthly template. The template published Thursday night shows that the retail price of petrol would sell between market band of N209.61 and N212.61. Marketers usually sell at the upper band.…
8 Mar 2021
Public apprehension over rising global oil prices coupled with the Federal Government’s reported plan to increase petrol freight and by extension petrol price is the result of absence...
1 Mar 2021
The Nigerian National Petroleum Corporation (NNPC) said it has no plans to increase the price of petro in the month of March. NNPC spokesman Kennie Obateru in a statement said the rumoured speculations of an imminent increase in the price of Premium Motor Spirit (petrol) in the country was not true. Obateru stated that the…
8 Dec 2020
The Nigerian National Petroleum Corporation (NNPC) had agreed to slash N5 from N167.44 per litre during the negotiations with labour that ended early Monday morning. The Minister of Labour and Employment, Dr Chris Ngige, who spoke after the negotiations, stated that the reduction would bring down the pump price of Premium Motor Spirit (PMS) to…
3 Sep 2020
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the federal government is no longer fixing the pump price of petroleum products in the country.
2 Sep 2020
The Petroleum Products Marketing Company (PPMC) has increased the price of petrol from N138.62 per litre to N151.56 per litre. "Please be informed that a new product price adjustment has been effected on our payment platform," PPMC said in a memo to industry stakeholders. "To this end, the price of premium motor spirit (PMS) is…
22 Jul 2020
Leaders of the Nigerian Labour Congress (NLC) have frowned at the recent increase in the pump price of petrol from N121 to N143 per litre, describing the hike as exploiting Nigerians to enrich a few oil marketers.
17 Jun 2020
The Department of Petroleum Resources (DPR) , Osogbo Field Office, has warned members of the Independent Petroleum Marketers Association (IPMAN) against selling petrol above the official pump price.
5 Jun 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) has removed the cap on the price of Premium Motor Spirit (PMS) also known as petrol.
7 May 2020
Though the Petroleum Products Pricing Regulatory Agency’s (PPPRA) is officially empowered to regulate the price of petroleum prices in the Nigerian National Petroleum Corporation (NNPC) yesterday took over the role by reducing the pump price of the Premium Motor Spirit otherwise called petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its through put operations.