Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank.
NNPC Sells PMS to IPMAN at N995 per Llitre
The Nigerian National Petroleum Company Limited (NNPC) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria at N995 per litre.
This followed the intervention of the Department of...
The Federal government has unveiled "buy now, pay later" portal to encourage the adoption of Compressed Natural Gas (CNG) as a cleaner alternative to Premium Motor Spirit (petrol).
According to data released by the National Bureau of Statistics (NBS), the importation of Premium Motor Spirit (PMS) also known as petrol has dropped by 3.5 billion litres in the past year.
Petrol Landing Cost Drops to N981 per Litre
The landing cost of petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday.
The petrol landing cost, around N1,130 in previous weeks, came down by over N140 as...
