Crude Oil Rises to $84/barrel Amid Fuel Hike Speculation Brent, the international benchmark for crude oil, rose to a high of $84/barrel on Wednesday, fuelling speculations that Nigeria might witness another hike in the pump price of Premium Motor Spirit, popularly called petrol, in the...

Naira Devaluation, Others Hiked Fuel Price - Marketers Oil Marketers on Wednesday blamed the recent price increase in Premium Motor Spirit, commonly known as petrol to the naira devaluation and the current rise in crude oil prices. The Chairman of the Major Oil Marketers Association of...

JUST IN: NNPC Jerks up Fuel Price to N617 Per Litre  There are reports that the Nigeria National Petroleum Company Limited (NNPCL) has adjusted the pump price of PMS to N617 per litre. ECONOMIC CONFIDENTIAL correspondents observed this adjustment in several filling stations owned by the...

NNPCL Cuts Imports as Marketers' Cargoes Arrive in July The Federal Government, on Wednesday, confirmed that other oil marketers have joined in the importation of Premium Motor Spirit, popularly called petrol, following the recent removal of subsidy on the commodity. It revealed that about three mega...

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...

Abuja Residents Groan as Fuel Scarcity Bites Harder By Khadijah Ahmad Ado Some residents of FCT Abuja have expressed their concerns about the unending fuel scarcity in the country. Speaking to ECONOMY ON THE STREET anchor, Rahma Oladosu, the residents said this is one of the longest...