Cheap Crude, Strong Naira Fails to Lower Petrol Prices   The sudden jump in petrol prices from about N865 per litre to almost N1,000 has left many Nigerians confused, especially as the two main factors that determine the price, crude oil and the exchange rate, have...

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...

Nigerians Groan Over Effects Of 7.5% VAT On Petrol Prices   Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax (VAT) on the price of premium motor spirit, otherwise known as petrol. This comes barely a month after President...