Petrol Landing Cost Now N232 As Subsidy Rises To N5.58bn Daily     The landing cost of Premium Motor Spirit being imported into Nigeria surged by more than 60 per cent between December 2020 and mid-June this year, although the pump price of the product remained unchanged. From...

Petrol Price Regulation Causing Mass Poverty, Stagnation – Fed Govt       The continued regulation of the pump price of Premium Motor Spirit, popularly called petrol, is causing stagnation and impoverishment of the masses, the Federal Government has said. Speaking through the Petroleum Products Pricing Regulatory Agency, the...

Petrol Landing Cost Hits N216, Daily Subsidy Now N4.64bn The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the...

Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

FG'll Consult Widely Before Petrol Subsidy Removal – NNPC       The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian National Petroleum Corporation has said. On Monday, The Economic Confidential reported that the NNPC might spend N102.96bn...

Petrol Subsidy To gulp N102.96bn In March         The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and...