Fuel Importation: Marketers Demand Equal Access To Forex   Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/litre once they source foreign exchange rate at the parallel market for the importation of PMS. Ex-depot price is the price...

Fuel Subsidy: The Genesis and Nemesis, by Adedamola Adetayo   ORIGIN. 1. In the past, we had FOUR (4) REFINERIES. Two (2) in Portharcourt, One (1) in Warri and another One (1) in Kaduna. Crude oil was pumped into those four REFINERIES and we got all the products we...

President Tinubu: Please Review Subsidy Removal, by Aliyu U. Tilde Summary: Subsidy is for the everybody. Complete removal is bad for the economy. Suspend removal. Constitute a credible committee to get you actual fuel consumption figures to fix a new price. Maintain some level of...

Simply, the Cost of Fuel Subsidy in a Layman's Language 1. Nigeria has crude oil in abundance but it is not the crude oil you use in powering your generator and other machineries. The crude oil needs to be converted to some usable products. This process converting...

“Subsidy is Gone”: A Simple Explainer, by Abdulhaleem Ishaq Ringim   The enactment of the Petroleum Industry Act 2021 was intended to mark a significant shift in the regulation of the downstream petroleum sector. The act aimed to align petrol prices with market dynamics, phasing out...

Fuel Subsidy and the Plight of Common Man in Nigeria, by Gidado Shuaib   While I was in Kano for a friend's wedding, I overheard a conversation that Uber drivers in Abuja have increased the cost of commuting from the airport to the city center to...