Petrol Scarcity Looms In Abuja, Others As Marketers Begin Strike     Abuja, Niger, Kaduna and neighbouring locations may face petrol scarcity in the coming days as oil marketers who distribute products in these areas have commenced an industrial action. Oil dealers under the aegis of the Independent...

Petrol Imports Rose By 100m Litres In January – NNPC       Latest figures in the financial and operations report of the Nigerian National Petroleum Corporation have shown that the imports of Premium Motor Spirit (or petrol) by the NNPC rose by 100 million litres following the...

PEF Plans To Subsidise Cooking Gas Transportation       The Petroleum Equalisation Fund (Management Board) on Sunday charged oil marketers to start moving Premium Motor Spirit, popularly called petrol, through the expanding rail network across the country. PEF also announced moves being made by the agency to equalise...

Petrol Sells For N175/litre As Queues Reduce In Abuja       Filling stations, particularly those in some satellite towns of Abuja dispensed petrol at rates higher than the approved N165/litre price on Wednesday, as queues in the Federal Capital Territory gradually reduced. Thousands of commuters had been left...

Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

No Petrol Price Increase In May - NNPC       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May. NNPC has maintained an...