Petroleum product marketers have demanded an upward review in the pump price of the Premium Motor Spirit (also known as petrol). This, they said, would make importation of the product profitable. They said the free fall of the naira against the dollar had made it unprofitable...

Nigerians will experience a further reduction in the pump price of Premium Motor Spirit, popularly known as petrol, in the coming weeks as a result of the recently introduced foreign exchange policy by the Central Bank of Nigeria, oil marketers have said. The approved price...

The Nigeria Union of Petroleum and Natural Gas Workers(NUPENG) on Wednesday said that NNPC/CBN assistance in sourcing foreign exchange for oil marketers would solve the ongoing fuel scarcity. The South-West Chairman of the union, Alhaji Tokunbo Korodo, stated this in an interview with the News Agency of...