Subsidy Removal Has Doubled Depot Petrol Price - Marketers Prices of petrol at depots have increased more than 100 per cent following the official removal of subsidies since May 29. National Controller Operations, Mike Osatuyi, on Tuesday, told our correspondent that many downstream businesses were currently...

Fuel Importation: Marketers Demand Equal Access To Forex   Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/litre once they source foreign exchange rate at the parallel market for the importation of PMS. Ex-depot price is the price...

Subsidy Removal: Marketers Plan 30,000 Gas Stations, Seek CBN Loans   Oil marketers have written to the Federal Government over their proposal to build about 30,000 gas stations to cushion the effects of the proposed subsidy removal on Premium Motor Spirit, popularly called petrol. Nigerians are currently...

Fuel Subsidy Removal: Brace For N750/Litre Petrol, Stakeholders Tell Nigerians   As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as...

Marketers Say Fuel Scarcity Will Linger Till After Elections   The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s gubernatorial elections in various states, oil marketers said on Tuesday. Petrol scarcity became severe on Monday in...

Polls Controversy: Fuel Hits N300/litre As Marketers Halt Loading   Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension caused by the collation of results of the general elections across the country. It was also gathered...