Nigeria Loses About 10m Litres Petrol Daily To Smuggling   Smugglers of Premium Motor Spirit, popularly called petrol, are stealing about 10 million litres of the commodity daily and selling it to neighbouring countries, the Nigerian National Petroleum Corporation has declared on Tuesday. NNPC also stated that...

Petrol, Diesel, Kerosene Prices Rose In April, NBS Says   The prices of petrol, diesel and kerosene increased in many parts of the country last month, the National Bureau of Statistics said in its new reports on the products. The average price paid by consumers for Premium...

Increasing Oil Price Pushes Petrol Landing Cost Above N180 The landing cost of Premium Motor Spirit (petrol) being imported into the country will rise further on the back of the recent increase in global oil prices. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...

Amid Oil Marketers' Threat, NNPC Says There's Sufficient Petrol The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers, stating...

Oil Marketers Want Petrol Prices Reviewed Regularly The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality on the ground. It was reported last week...

Petrol: Subsidy To Exceed $3.85bn Estimate A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will...