FG Announces Increase In Petrol Price
Consumers of petrol in the country would pay a 16.4 per cent increase in the price of petrol for the month of July, the Petroleum Products Pricing Regulatory Agency (PPPRA) announced on Wednesday.
The agency said the approved new retail...
NNPC Begins Sale Of Petrol Online
NNPC said yesterday that it had deployed a sales and distribution application in the oil and gas secondary model portal that would enable marketers to buy petroleum products online.
The corporation noted that the move was to minimise human contacts...
Marketers Pledge To Comply As FG Announces New Fuel Price
As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per litre to N121.50/N123.50, petroleum products marketers in the country have promised to comply with the...
Petrol Marketers To Gain N8.3bn On Depot Price Reduction
Retail marketers of petrol are currently raking in billions of naira as findings on Wednesday showed that they would make over N8.3bn profit in May (this month) due to the recent reduction in the ex-depot price...
Petrol Sold Above N130 In 17 States - NBS
Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics.
Following the sharp drop in...
Petrol Price May Rise As Brent Stabilises Around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a possible hike in petrol price in Nigeria any time soon.
An analysis of global...
