Nigeria’s Petrol Price Stabilises     The price of Nigeria’s Bonny Light hovered at $67.69 per barrel, indicating that the government would not be under pressure to generate funds for its 2021 budget, which was based on $40 and 1.8 million barrels per day, mb/d, including Condensate. However,...

Marketers Raise Petrol Price To N170 As Depots Suffer Shortage       Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol...

Fed Govt, Labour To Consider Electricity, Fuel Price Reports Feb 22       The Federal Government and the organised labour will reconvene on February 22 for the consideration of the reports of the bipartite technical committees on fuel price and electricity tariff. The Minister of Labour and Employment,...

Average Petrol Price Decreased By -0.94% In December - NBS         The National Bureau of Statistics (NBS) has said that average price paid by consumers for premium motor spirit (petrol) increased by 14.00 per cent year-on-year and decreased month-on-month by -0.94 per cent to N165.70 in...

Oil Marketers Refuse To Obey N5 Reduction In Petrol Price         Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction announced by the Federal Government last week. After meeting with officials of...

Fed Govt Reduces Price Of Petrol To N162.44 Per Litre         The Federal Government has reduced the pump price of premium motor spirit otherwise know as petrol from N168 per litre to N162.44 per litre effective from December 14, 2020. Minister of Labour and Employment, Chris Ngige...