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Tag: fuel hike

MTN, Banking stocks fuel NGX's bullish run
featured Oil and Gas

Fuel price hike looms as crude oil crosses $66/barrel

Pump prices of Premium Motor Spirit, also known as petrol, alongside other refined petroleum products such as Automotive Gas Oil and Household Kerosene, may rise soon following an increase in global crude oil prices. Crude oil, which serves as the primary feedstock for refined petroleum products, crossed the $66 per barrel mark on Wednesday, raising […]

No plan to increase fuel price - IPMAN
featured

No plan to increase fuel price – IPMAN

  By Wilson Adekumola The Independent Petroleum Marketers of Nigeria has dismissed the speculations that there will be hike in the pump price of Premium Motor Spirit otherwise known as petrol following recent increase in crude oil price to $94. According to the Guardian, National President of IPMAN, Chinedu Okoronkwo, made this known while speaking […]

NNPCL denies rumoured petrol price hike
featured

NNPCL denies rumoured petrol price hike

  Kazeem Owoseni Following the reports of an alleged hike in the price of premium motor spirit, popularly known as petrol in the country, the retail arm of the Nigerian National Petroleum Corporation Limited has come out to debunk the news that it has increased the price of the commodity. It would be recalled that […]

Opinion

Fuel price to hit N1000/litre, financial analyst warns

The Federal Government has been urged to intervene in the foreign exchange market to curb the likely free fall of the Naira to the dollar in order to checkmate rising price of petrol, which experts say could hit N1000 per liter.   According to Tribune, Economists advised that the government should be wary of allowing […]

BREAKING: NNPCL confirms new petrol pump price increase
Policy and Regulations

Subsidy: Fuel prices will drop naturally, says NNPCL boss

By Wilson Adekumola   The Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, Mr. Mele Kyari, has disclosed that the removal of fuel subsidy would encourage more competitors wherefore, naturally reduce the current price of Premium Motor Spirit, also known as petrol.   Kyari made this disclosure while featuring on Arise TV’s […]

Nigerian National Petroleum Corporation Limited logo
Business

NNPCL finishes pipeline repairs at depots

The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area. The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries. According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It […]

Fuel scarcity eases gradually after five months
Oil and Gas

Fuel scarcity eases gradually after five months

FThe severe fuel scarcity that has plagued the country since November 2022 is gradually phasing out, as petroleum products are already being made available at filling stations with little or no queues.   This development follows the efforts of the Nigerian National Petroleum Company Limited, the Major Oil Marketers Association of Nigeria, Independent Petroleum Marketers […]

Jet A1 hike threatens airlines' existence - Ibom Air COO
News

Subsidy: Petrol may hit N800/litre, says marketers

  Oil marketers have revealed that if the Federal Government goes ahead with its plan to remove the subsidy on Premium of Motor Spirit, popularly called petrol, the cost of the commodity would cross N800/litre. It has been widely reported by those working in the oil industry that the high price of gasoline subsidies has […]

Buhari unveils SDG financing framework
News

Buhari didn’t approve petrol price hike – FG

  The Federal Government of Nigeria has denied its involvement in the price increase of petrol despite the hike and scarcity nationwide. In a statement released by his media aide, Horatius Egua, in Abuja on Friday, the Minister of State for Petroleum Resources, Chief Timipre Sylva, claimed that PMS price increases had not been approved […]

Aero Contractors suspends operations
News Ports and Airports

Establish aviation bank to save dying airlines, don tells FG

The Director, Centre for International Advanced and Professional Studies, Prof. Anthony Kila, has urged the Federal Government to establish a Bank of Aviation. The bank, he said, was necessary to make airlines have easier access to foreign exchange. Kila made this known at the League of Airport and Aviation Corespondents 26th Annual Conference, on Thursday. […]

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