UPDATE: Marketers Explain N617 PMS Price, Say it won't Reach N700 The pump price of Premium Motor Spirit (PMS), popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil...

NNPCL, Marketers Fuel Vessels Arrive Next Week – IPMAN   Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers...

Oil Marketers Demand Release Of N30.96trn Fuel From NNPCL   As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release of their outstanding supplies of Premium Motor Spirit otherwise known as petrol worth N30.96 trillion by...

Marketers Convert 800 Petrol Tankers to Gas Supply   Oil marketers are currently converting some of their trucks to start supplying gas to filling stations in order to dispense Compressed Natural Gas to vehicles that run on gas. It was gathered on Thursday that about 800 tankers...

Subsidy Removal: IPMAN Fires Back as Queues Return The Independent Petroleum Marketers Association of Nigeria has opposed the plan by President Bola Tinubu to enforce his predecessor’s decision to remove fuel subsidy by June ending. The National Public Relations Officer, IPMAN Chief Ukadike Chinedu, said the...

Marketers Kick Against Subsidy Removal, Urge Buhari to Suspend Move The Nigeria Union of Petroleum and Natural Gas workers says its National Executive Council is going to come out with NUPENG’s position on the ongoing debate over the planned removal of subsidy on Premium Motor...