Minister Says FG Not Responsible for Setting Fuel Prices The Minister of State Petroleum Resources, Heineken Lokpobiri, emphasized that fluctuations in petrol prices at the pump are largely driven by the volatile price of crude oil in the international market. He said the downstream sector is...

Nigerians in the diaspora, represented by the Nigerian Professionals in Diaspora (NPID), are calling for an urgent review of the country’s monetary policies in response to the recent increase in fuel prices. 

In light of the recent hike in petrol prices and ongoing food supply challenges facing the country, economists have cautioned that the number of Nigerians living below the poverty line could soon surpass the 104 million projected by the World Bank for 2023. 

FG Disburses N173bn For Uniform Fuel Price Nationwide   The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of Petroleum Resources on Tuesday showed. PMS...

Subsidy Removal: FG Urged To Prepare Nigerians For Higher Fuel Prices   The Federal Government has been urged to prepare Nigerians for higher fuel prices that will follow the removal of the petrol subsidy in 2023. This is the outcome of two online polls carried out by...

Oil Marketers Now Free To Fix Prices - PPPRA       The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices. On March 19, 2020, the government, through...