Petrol Subsidy Now N47.5/litre As Oil Price Hits $67.86   The subsidy on Premium Motor Spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open market price of the commodity hit N180.78 on Monday, latest data from the Petroleum Products Pricing...

Fuel Consumption Now 67.66m litres/day, Subsidy Gulps N10.1bn   The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to daily consumption figures recorded in September 2019. According to the Petroleum Products Pricing Regulatory Agency, latest weekly...

Senate To Investigate PPPRA Over N800bn For Roads – Lawan President of the Senate, Ahmad Lawan, has said the Senate will investigate the Petroleum Products Pricing Regulatory Agency over alleged non-remittance of N800 billion to the Federal Roads Maintenance Agency (FERMA) for the maintenance of...

2020: Nigeria To Spend N750.81bn On Fuel Subsidy   The Federal Government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing Regulatory Agency have shown. For more than two years, the Nigerian National Petroleum Corporation has shouldered petrol subsidy’s...

Nigeria Has 47 Days Petrol Sufficiency, PPPRA Assures   The Petroleum Products Pricing Regulatory Agency has declared that Nigeria currently has about 47 days sufficiency of petrol. The PPPRA stated this on Tuesday, adding that the average petrol inland stock between 23rd and 29th of November 2019...

PPPRA To Check Price War Amongst Petrol Marketers   The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed its resolve to move against potential sharp practices amongst petrol marketers who may want to remain competitive at all cost, to the detriment of unsuspecting consumers. It stated in...