FG Schedules Petrol Pricing Summit for July   The Federal Government has fixed July 23 and 24, 2025, for a national stakeholder forum to address mounting concerns over petrol pricing and supply dynamics in the downstream sector, amid growing agitation by independent marketers for price regulation. The...

PENGASSAN Warns of Imminent Withdrawal of Members from Upstream Operations The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream operation nationwide if Sterling Oil Exploration and Energy Production Company fails to immediately address the...

Petrol Price Hits N1,150 per Litre Following Dangote's Rate Hike The pump price of petrol has increased, ranging from N1,050 to N1,150 per litre, depending on the location, due to the recent price hike by the Dangote Petroleum Refinery and other depot owners. Dealers confirmed that...

Petrol Price May Rise as Crude Oil Costs Increase - PENGASSAN The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Festus Osifo, has projected that the cost of Premium Motor Spirit (petrol) may rise soon if crude oil continues...

Petrol Subsidy Gulps N4.8trn Annually - FG The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stated on Tuesday that fuel subsidy was gulping about N4.8tn from its purse. The Chief Executive Officer, NMDPRA, Farouk Ahmed, disclosed this at the ongoing Energy...

Subsidy Removal: IPMAN Fires Back as Queues Return The Independent Petroleum Marketers Association of Nigeria has opposed the plan by President Bola Tinubu to enforce his predecessor’s decision to remove fuel subsidy by June ending. The National Public Relations Officer, IPMAN Chief Ukadike Chinedu, said the...