Petrol Imports Decline in June – Marketers  Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown. An...

Nigeria’s Oil production Declines to 1.47m bpd - Report Nigeria’s average daily crude oil production has fallen again below the quota allocated by the Organisation of the Petroleum Exporting Countries. Oil production figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that the country’s crude...

Petrol Landing Cost Rises N1,117/litre - Marketers The Major Energies Marketers Association of Nigeria on Wednesday, announced that the landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024. MEMAN disclosed this during a webinar with journalists on...

Crude Hits $94, Marketers Eye Fresh Fuel Price Hike The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol,...

Naira Slump: Marketers Project Fuel Price Hike this Month Oil marketers have warned on the possibility of another hike in petrol price this month due to fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices. Although...

Petrol Imports from Russia Rises by 84% to 3.8m liter in One Year - Report The European trade overview has shown that Nigeria’s petrol imports from Russia have increased by 84 per cent in one year to 3.8 million litres (24,000 barrels) in 2023 from...