Petrol Subsidy Averages N45.87/litre As Oil Prices Drop   The Federal Government currently incurs an average of N45.87 as subsidy on every litre of petrol consumed in Nigeria, as industry data obtained on Wednesday showed decline in global crude oil prices. According to figures from the Petroleum...

Fuel Will Be Available During Yuletide, NNPC, Reps Assure Nigerians   The Nigerian National Petroleum Corporation (NNPC), and the House of Representatives have assured Nigerians that there will be no incidence of fuel scarcity during the upcoming Christmas period and even up to the New Year. The...

Dangote Plans To Export Fuel To Europe, Others   Dangote Group has said it plans to export petroleum products from its refinery to Europe, South America, West Africa and Central Africa. The company stated this on Sunday during a visit by a delegation led by the Minister...

Dangote Refinery To Begin Full Pipeline Delivery Of Fuel   The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and will effectively replace all of the country’s fuel imports once fully operational, an executive of the...

Nigeria Needs To Reduce Fuel Subsidy Now  - IMF   The International Monetary Fund has said Nigeria needs to reduce fuel subsidy at a time when oil prices are low in order to bring about more productive government spending. The IMF, in its new Regional Economic Outlook...

Fuel Will Continue To Sell For N145 Per Litre, Says NNPC Despite increased landing cost of petroleum products, Premium Motor Spirit will continue to sell at N145 per litre, the Nigerian National Petroleum Corporation has said. In a telephone interview with our correspondent in Abuja on...