The International Monetary Fund (IMF), yesterday, acknowledged efforts by the Federal Government to fast-track growth but warned that the “reemergence of fuel subsidies and slow progress
PMB Oil and Gas Progress has alleged that some petroleum marketers are planning to create artificial petrol scarcity in the country ahead of the Yuletide, calling on the Nigerian National Petroleum Corporation
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has constituted a taskforce committee to check the acute petroleum scarcity in the country.
Between May 2020 and the same period this year, Nigerians consumed about ₦2.336trillion worth of premium motor spirit (PMS) also called petrol, the Nigerian National Petroleum Corporation
The Nigerian National Petroleum Corporation (NNPC) has spent about N364 billion transporting Premium Motor Spirit (popularly known as petrol) from abroad, adding at least N2...
Contrary to expectations that the signing of the Petroleum Industry Act (PIA) would automatically commence the deregulation of the downstream sector, especially the removal of subsidy...
The Independent Petroleum Marketers Association of Nigeria, Western Zone, has directed all depots and petrol stations to go about their normal business and ensure free flow and hitch-free supply and distribution of petroleum products across the Southwest zones. Alhaji Dele Tajudeen, the Zonal Chairman IPMAN South West gave the directive in a statement issued on…
The Minister of State for Petroleum, Chief Timipre Sylva, has assured that the Federal Government would retain the current pump price of Premium Motor Spirit (PMS)
After dillydallying, it is now official that the liability Nigerians fear most, fuel subsidy, is real and active after the Federal Government yesterday admitted paying as much as N120 billion...
No fewer than 11 petrol stations were yesterday sealed by the Department of Petroleum Resources (DPR) in Abuja for alleged infractions amidst intrigues over the pump price
The Department of Petroleum Resources (DPR) says it has intensified surveillance of filling stations in Lagos State to ensure compliance with the approved pump price band for Premium Motor Spirit