PIB: FG To Add Strategic Reserves’ Financing Cost To Fuel Price         The Federal Government is proposing the addition of the costs of managing the national strategic stocks of petroleum products to the retail price of the commodities. The proposal, which is included in the 2020 Petroleum...

Consumers Paid N76.5bn Extra For Petrol After Deregulation       More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year. After the Federal Government deregulated the downstream sector of the oil industry on March...

Despite Abundant Gas, Nigeria Imports 71% Of LPG Consumed In One Month – PPPRA       Despite abundance of gas in Nigeria, 71.35 per cent of the Liquefied Petroleum Gas, LPG, also known as cooking gas, consumed in the country in the month of August 2020 were...

Marketers Identify Challenges In FG’s Petrol Price Review   Again promises given by the Federal Government to properly consult marketers of Premium Motor Spirit (PMS) otherwise called petrol before arriving at the monthly price review of the product, some marketers yesterday told The Guardian that the...

FG May Save N450bn Subsidy As Petrol Landing Cost Crashes The sharp drop in crude oil prices on the back of the spread of coronavirus has wiped off subsidy on petrol, with the landing cost of the product hitting a record low. The expected open market...

The Department of Petroleum Resources (DPR) has seal off 6 fuel stations in Anambra for allegedly hoarding and selling petrol above the official pump price of N145 per litre. The affected filling stations were located in Awka, the capital city, Onitsha the commercial town and...