Fuel Subsidy Still Remains For Now, Says Sylva       The signing of the Petroleum Industry Bill (PIB) into law by President Muhammadu Buhari does not translate into automatic removal of the Premium Motor Spirit (PMS) subsidy, Minister of State for Petroleum Resources Timipre Sylva has assured. Sylva,...

Petrol Landing Cost Rises To N180 As Oil Price Crosses $60       The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one month to about N180 per litre on the back of the increase in global...

Petrol Pump Price May Hit N190 As Oil Nears $60       Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre, unless the government wants to...

Tank Fire Won’t Disrupt Fuel Supply - MOMAN       The Major Oil Marketers Association of Nigeria has said the recent fire outbreak at the depot of one of its members, OVH Marketing Limited, will not cause product supply disruptions. MOMAN said in a statement on Sunday that...

Marketers Pledge To Comply As FG Announces New Fuel Price   As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per litre to N121.50/N123.50, petroleum products marketers in the country have promised to comply with the...

Oil Marketers Want PoS Charge Exemption On Petrol   Oil marketers under the aegis of the Major Marketers Association of Nigeria have said it will be unfair for petrol dealers to be asked to pay N50 for transactions done on Point-of-Sale machines. The Chief Executive Officer and...