Finally, Marketers Hike Petrol Price To N170-N190/litre   Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the country, following what is believed to be a subtle agreement between Federal Government officials and oil marketers. Findings by...

Fuel Pump Price: Depot Owners Shun FG’s Directive, Marketers Give Conditions   Oil marketers on Sunday gave the Federal Government conditions that should be met in order to retain the pump price of Premium Motor Spirit, popularly called petrol, at N165/litre. According to them, the cost of...

Fuel Scarcity: FG says N74bn Paid to Oil Marketers, Bridge Claims The Federal Government has revealed that it paid N74bn as bridging claims to oil marketers for the transportation of petroleum products across the country in seven months. This was disclosed this while reacting to allegations...

FG Spends N1.243trn Monthly As Fuel Subsidy Hits N600/litre   The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit, popularly called petrol, consumed in Nigeria is currently above N600, oil sector operators stated on Sunday. Also, the latest PMS evacuation...

Conditions to End Fuel Scarcity - Oil Marketers Fuel marketers under the auspices of the Major Oil Marketers Association of Nigeria, MOMAN have listed five challenges that must be addressed by the federal government if it’s determined to end fuel scarcity in Nigeria. According to the...

Diesel Price May Hit N1,500/litre – Oil Marketers About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their...