Petrol Landing Cost Hits N870, Surpasses Dangote’s Price   The landing cost of Premium Motor Spirit (petrol) has now averaged N870 per litre, reports by the Major Energies Marketers Association of Nigeria have shown. This is even as the price offered by the Dangote Petroleum Refinery threatened...

Oil Marketers Blame Fuel Scarcity on Logistics Challenge Oil marketers have attributed this round of scarcity of Premium Motor Spirit also known as petrol, to lingering logistics challenges. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who...

Spending On Petrol May Rise To N8trn After Subsidy Removal   Petrol consumers may pay about N8.4trn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings and industry data showed. This represents...

Petrol: Queues Return To Abuja, Others As Supply Dips   The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to Abuja, Nasarawa, Niger, Kaduna and other states, causing massive queues at the few filling stations that dispensed the product in the affected areas. In...

NNPC: Amount Spent on PMS Hit N947.51bn Between January to April Operators in the oil and gas sector, as well as other stakeholders, have expressed concern at the continued increase in the amount spent on subsidizing Premium Motor Spirit, commonly called petrol, which jumped to...

Oil Marketers Plan 7,000 Autogas Stations With N250bn Loan       Oil marketers have commenced the process of converting over 7,000 retail outlets across the country to autogas stations as part of measures to deepen the use of gas in automobiles. It was gathered that the marketers were...