Daily Fuel Consumption Now 72.72m Litres, Marketers Blame Smuggling       Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries. The supply of Premium Motor Spirit (petrol) by the NNPC,...

FG'll Consult Widely Before Petrol Subsidy Removal – NNPC       The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The Economic Confidential reported that the NNPC might spend N102.96bn...

Petrol: Price Hike Looms Nationwide As Marketers Meet     Marketers of Premium Motor Spirit, popularly called petrol, on Wednesday met in Abuja on matters regarding the price of the commodity. Although most filling stations in Abuja and neighbouring states of Nasarawa and Niger dispensed PMS at the...

Petrol Landing Cost Rises To N180 As Oil Price Crosses $60       The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one month to about N180 per litre on the back of the increase in global...

17.03bn Litres Of Fuel Consumed In 13 Months – NNPC       The Nigerian National Petroleum Corporation said on Sunday that the total sale of petroleum products for the period November 2019 to November 2020 stood at 17.031 billion litres, with petrol accounting for 16.911 billion litres...

Oil Nears $56, Fed Govt May Reintroduce Fuel Subsidy       The sustained increase in global crude oil prices has pushed up the landing cost of imported petrol closer to the current pump prices of the product in Nigeria, and appears to have triggered a return to...