Petrol: Ex-depot Price Rises By N6, Consumers To Pay More   The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020. Oil marketers stated that based on the latest increase in ex-depot price,...

FG Announces Increase In Petrol Price   Consumers of petrol in the country would pay a 16.4 per cent increase in the price of petrol for the month of July, the Petroleum Products Pricing Regulatory Agency (PPPRA) announced on Wednesday. The agency said the approved new retail...

Petrol Sold Above N130 In 17 States - NBS     Despite the reduction in the price of petrol to N125 per litre, the product was sold above N130 per litre in 17 states in April, according to the National Bureau of Statistics. Following the sharp drop in...

Undestanding First-Ever Negative oil price By Ahmed Adamu, PhD   As I write this article, the famous American crude oil called West Texas Intermediate (WTI) is sold at -$13 per barrel, which means, suppliers of oil have to give $13 to whoever is willing to take one...

Oil: Nigeria Shouldn’t Expect Price Rebound Soon — Experts   Nigeria should not expect to see a significant increase in crude oil prices anytime soon despite the production cut deal by the Organisation of Petroleum Exporting Countries and its allies, industry experts have said. The group, known...

Petrol Price Could Further Drop By N8/litre – Marketers   The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil sector have said. According to oil marketers, the crash in crude oil price warranted the recent slashes...