Kerosene, Petrol Prices Rose In August – NBS             Two reports from the National Bureau of Statistics have revealed that the prices of kerosene and Premium Motor Spirit, popularly known as petrol, increased year-on-year in August. The National Household Kerosene Price Watch report for August 2021 by...

We’ll Keep Promoting Gas As Alternative To Petrol, Says FG       The Federal Government will continue to promote the use of natural gas as an alternative to Premium Motor Spirit, popularly called petrol, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said. Sylva said...

Petrol Landing Cost Hits N249/litre       The landing cost of Premium Motor Spirit (petrol) imported into the country has increased to a new high of N249.42 per litre on the back of high global crude oil prices. The further rise in the landing cost of petrol means...

Petrol Consumption Rises By 340m Litres In One Month     Petrol consumption in Nigeria leaped by 340 million litres within a space of one month, figures released by the Nigerian National Petroleum Corporation showed on Sunday. Providing data contained in its March 2021 financial and operations report,...

'Petrol Subsidy May Gulp N2trn This Year'     Nigeria may end up spending N2tn on petrol subsidy this year if the current situation persists, the Group Managing Director, Rainoil Limited, Dr Gabriel Ogbechie, has said. Ogbechie said this on Sunday at the Nigeria History Series of the...

Nigeria Imported 20.60bn Litres Of Petrol In 2019 ― NEITI     The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on...