Fuel Price Jumps Over N1,000/Litre as Tinubu Okays 15% Import Duty   Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff...

Petrol Pump Price May Drop as Marketers Secure Agreement With Dangote   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Petroleum Refinery to lift products directly. This, according to the association, will ensure the availability of petroleum to Nigerians at a...

Marketers Fear High Dangote Petrol Price as Fuel Landing Cost Rises Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that the landing cost of imported...

NNPC Hikes Fuel Price to N897 Per Litre   The Nigerian National Petroleum Company Limited (NNPC) on Tuesday raised the pump price of petrol to N897 per litre from the official price of N617. This is coming days after the national oil company said it was heavily...

Fuel: FG To Shut Errant Filling Stations As Pump Price Hits N1,000/Litre Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre. Owners of these stations seem not to care...

Simply, the Cost of Fuel Subsidy in a Layman's Language 1. Nigeria has crude oil in abundance but it is not the crude oil you use in powering your generator and other machineries. The crude oil needs to be converted to some usable products. This process converting...