21 May 2021
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry,...
7 Apr 2021
Tragedy was averted yesterday when a tanker with registration number MKA-663ZF conveying 44,000 litres of PMS crashed on a Toyota Camry at 5-Star Bus Stop, which led to heavy gridlock
25 Mar 2021
Indications have emerged that Nigerians may likely pay more for petrol in April. This was disclosed Thursday by the Group General Manager (GMD) of the National Petroleum Corporation (NNPC), Mele Kyari while reacting to a question about the status of petrol's pump price in the country. Kyari spoke during the weekly presidential ministerial media briefing…
18 Mar 2021
The Department of Petroleum Resources (DPR) has signed an agreement with over 27 operators in the downstream sector to check fluctuations in the pump price of Premium Motor Spirit
16 Mar 2021
Despite not being captured in the 2021 budget, an average of N155 billion is being paid by the Federal Government to subsidise 2.9 billion litres of Premium Motor Spirit...
18 Jan 2021
The Federal Government faces tough choices between control of escalating commodity prices and boosting economic growth as the inflation rate returns to the 2017 level when it almost hit 20 per cent.
31 Dec 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) has warned marketers of Premium Motor Spirit (PMS) and other petrol products against profiteering during the new year celebration and beyond.
9 Dec 2020
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS), stakeholders in the petroleum industry are divided over a new price of N162 agreed between the Federal Government and the Organised Labour yesterday.
21 Nov 2020
With the latest increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, Nigerians have, no doubt, begun to feel the pressure that comes with deregulation.
18 Nov 2020
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face of emerging global issues.
8 Nov 2020
Senate Probes Alleged Breach Of Local Content Laws, Others Senate’s investigation into allegations of abuse of the Nigerian coastal and local content laws has recorded a twist, following fresh revelations that $120m is lost yearly to such abuses. Moreover, the delay by the Senate in concluding the investigation, which began a year ago, is generating…
3 Sep 2020
Barely two days after electricity tariff was increased by about 300 per cent, oil marketers yesterday fixed the pump price for Premium Motor Spirit (PMS), popularly called petrol