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...

W/Bank Supports FG On Petrol Subsidy Removal       The World Bank said on Thursday that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis. The bank, in its ‘Africa’s Pulse’ report entitled ‘Charting the road to recovery’, said countries in sub-Saharan...

IPPIS: PENGASSAN Threatens Oil, Gas Operations Over Salary Seizure       Protesting oil workers under the aegies of Petroleum and Natural Gas Senior Staff Association of Nigeria have renewed their threat to disrupt oil and gas operations across the country over alleged Federal Government’s posture to enforce...

Petrol Pump Price May Drop This Month - Marketers       The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday. According to them, since the cost of petrol has been largely determined by...

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...

NLPGA Rejects PPPRA’s N2.5bn ‘Administration Tax’ On LPG         The Nigeria Liquefied Petroleum Gas Association (NLPGA), has rejected moves by the Petroleum Product Pricing Regulatory Agency (PPPRA), to impose N2.5 billion Administrative Levy or ‘Administration Tax’ on LPG. In a message obtained by Economic Confidential, Executive Secretary,...