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...

Nigeria Imported 28.9bn Litres Of Petrol In 2019 – NBS   The National Bureau of Statistics (NBS) on Wednesday reported that Nigeria imported 28.9bn litres of Premium Motor Spirit (PMS) petrol in 2019. The bureau gave this figure in its Petroleum Products Imports and Consumption (Truck out)...

Nigerians Consumed 1.2bn Litres Of Petrol In 30 Days - NNPC     Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the Nigerian National Petroleum Corporation (NNPC), has shown. The corporation also announced that...