Fuel Marketers Increase Imports by 60% Despite Local Refineries   Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream...

Fuel Marketers Call For Fresh Price Hike as Naira Crash to 920/$ Oil marketers, on Thursday, insisted on a possible hike in the pump price of Premium Motor Spirit, popularly called petrol, following a further plunge in the value of the naira against the United...

Diesel Surges By 56% In One Year, Now N350/litre   The price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos. Economic Confidential had reported in October,  that fuel marketers had increased diesel price to...

Despite NNPC Claim, Fuel Marketers Predict N170/litre   The pump price of Premium Motor Spirit, popularly called petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre, oil marketers said on Thursday. Dealers under the aegis...

Diesel Landing Cost Rises To N336.45/litre - Marketers   The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45 per litre. Economic Confidential had reported on October...

Fuel Marketers Quarterly Revenue Increase By N88.94bn       The total revenue reported by five of the major oil marketing companies in the country rose by 55.6 per cent in the second quarter of this year, signaling a gradual recovery from the COVID-19 pandemic amid the challenges...