Price of petrol reaches N164.09 per litre in Borno, Oyo
Despite the economic recession, consumers of Premium Motor Spirit (PMS) in Borno, Oyo and Ebonyi paid N164.09, N161, and N156.47 per litre respectively in January 2017.
Nigeria targets 10% biofuel inclusion in petroleum products
There are indications that Nigeria may reduce the import of its petroleum products by 10% when a policy on biofuel becomes operational, the Executive Secretary of Petroleum Products Pricing Regulatory Agency (PPPRA), Victor Shirok, has said.
Why cost of kerosine may remain high, cooking gas to sell more in Abuja
Respite may not come the way of Nigerians any time soon, concerning the prices of kerosine and cooking gas. This is because kerosine has since been deregulated, while the price of gas has been subjected to market forces.
Federal government denies increase in fuel price
Oil marketers have refused to resume the importation of petroleum products, particularly petrol, until the Federal Government can guarantee them access to dollars at the official exchange rate fixed by the Central Bank of Nigeria (CBN).
‘Full downstream deregulation necessary to attract investment’
Speaking on the Federal Government’s goal is to deregulate the downstream sector of the petroleum industry, Kachikwu said though the government is not there yet, it will continue to fine-tune the process until the goal is achieved.
All I want for Christmas
The famous Mariah Carey song “All I want for Christmas” opens with a familiar refrain “I don’t want a lot for Christmas, there is just one thing I need.”
FG to Scrap NNPC, DPR, PPPRA, others
Sir: I write in response to your front page lead story of Monday, November 14, 2016 headlined FG to Scrap NNPC, DPR, PPPRA, others to correct the impression that a final decision has been taken on the creation...
FG urged to tackle forex challenges in petroleum downstream
The need for the Federal Government to be proactive in the provision of foreign exchange (forex) to petroleum marketers has been emphasised.