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
7 Aug 2020
The Independent Petroleum Marketers Association of Nigeria (IPMAN), South-West Chapter, yesterday, directed all its members in the zone to henceforth increase the pump price of Premium Motor Spirit
21 Jun 2020
Tragedy was averted on Saturday as a tanker, laden with 33,000 litres of Premium Motor Spirit (PMS) overturned at Lombardy Area, Oju-Ore, in Ogun.
7 Jun 2020
Though the Federal Government backed its determination to exit payment of subsidy on Premium Motor Spirit (PMS) with a regulation...
22 May 2020
Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) other wise known as petrol in order to avoid dislocations at the retail end of the value-chain.
13 May 2020
Between February 2019 to February 2020, Nigerians spent ₦2.5 trillion on 20.8 billion litres of Premium Motor Spirit (PMS) otherwise called petrol, Nigerian National Petroleum Corporation (NNPC) said yesterday.
6 May 2020
Members of the Organised Private Sector (OPS) have petitioned President Muhammadu Buhari, through the Director-General of the Federal Competition and Consumer Protection Council FCCPC
31 Mar 2020
Motorists and other consumers of Premium Motor Spirit (PMS) also called petrol were yesterday faced with long queues, as most fuel stations were lockdown in the Federal Capital Territory (FCT)
20 Mar 2020
Social Integrity Network (SINET) yesterday asked President Muhammadu Buhari to discontinue payment of subsidy on Premium Motor Spirit (PMS) as part of measures to cushion the effect of failing oil prices and block leakages in the scheme.
1 Nov 2019
It was pandemonium yesterday in the bursting commercial centre of Onitsha, Anambra State when residents took to their heels to escape a possible explosion immediately a tanker laden with Premium Motor Spirit (PMS) fell into a ditch along Enugu-Onitsha Expressway by Chipex Filling Station, spilling its content.
18 Aug 2019
Daily, an estimated seven million litres of Premium Motor Spirit (PMS), better known as petrol, valued at N1, 085t is smuggled from Nigeria to neighbouring West African countries. With daily consumption of about 52 million litres of petrol per day according to the Department of Petroleum Resources (DPR)