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...
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...
