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Tag: petrol price

petrol pump
News

Petrol price stays at N1,025 despite Dangote Refinery cut

Despite the recent reduction in the ex-pump price of Premium Motor Spirit to N899.50 per litre by Dangote Petroleum Refinery, petrol prices at most stations in Lagos and Ogun have not been adjusted. Many stations are still selling at the previous minimum of N1,025, while major oil marketers maintain prices around N1,070, and independent marketers […]

featured

Petrol landing cost drops from N1,130 to N981/litre

The Major Energies Marketers Association of Nigeria has reported a decrease in the landing cost of Premium Motor Spirit to N981 per litre, down from approximately N1,130 in previous weeks. This decline, noted as of September 25, 2024, is attributed to a recent drop in global crude oil prices, according to The Punch. Crude oil […]

featured

Address rising cost of petrol – Marketers urge FG

The Federal Government has been urged by the Nigerian Association of Liquefied Petroleum Gas Marketers to develop ways to guarantee gas price stability and make it accessible to ordinary Nigerians. The Punch reported that the request was made by the national president of NALPGAM, Abideen Olatunbosun, on Tuesday in Ibadan, Oyo State, at the association’s 36th […]

Fuel can sell for N200/litre with working refineries - IPMAN
News

Fuel can sell for N200/litre with working refineries – IPMAN

    The Chairman of the Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria, Joseph Obele, has urged the Federal Government to diligently proceed with the planned restoration of the country’s refineries. According to his statement, the price of Petroleum Motor Spirit (commonly referred to as petrol) would significantly decrease to below […]

petrol pump
Oil and Gas

Petrol pump price to increase as dollar rises — IPMAN

The Independent Petroleum Marketers Association of Nigeria has said the price of Premium Motor Spirit, popularly known as petrol, would continue to increase as long as the US Dollar rises in the foreign exchange market.   The National President of IPMAN, Chinedu Okoronkwo, disclosed this to DAILY POST exclusively while reacting to speculation of further […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

NLC rejects new petrol pump price

Juliet Buna   The Nigeria Labour Congress on Tuesday rejected the new petrol pump price of N617 per liter   The NLC in a statement by it’s National President, Joseph Ajaero said the union would be forced to take matters into their own hands of the government does not review its policies.   The statement […]

petrol pump
News

Revert to old petrol price, NUJ tells FG

Juliet Buna   The Nigeria Union of Journalists has asked the Federal Government to reverse immediately the current price of petrol.   The union in a statement signed by the National secretary, Shuaibu Usman Leman also called on the Federal Government to put in place adequate measures to lessen the effects on ordinary Nigerians.   […]

BREAKING: NNPCL confirms new petrol pump price increase
featured

BREAKING: NNPCL confirms new petrol pump price increase

  The Nigerian National Petroleum Company Limited has confirmed the increase of the petrol pump prices by more than 200 percent. This puts the cost of fuel between N488 and N557 per litre across the 36 states of the Federation. The petroleum agency revealed this through a press statement signed by Chief Corporate Communications Officer, […]

Petrol pump
Business

Fuel: N195/litre difficult to enforce, marketers tell FG

Oil marketers have said that it is difficult to enforce the approved N195/litre price on all filling stations. This was after the Independent Petroleum Marketers Association of Nigeria disclosed  on Wednesday that Nigerian National Petroleum Corporation had promised that it had reserved  about 140 million litres of petrol for its association members to address fuel […]

petrol pump
Oil and Gas

FG empowers NMDPRA to tackle petrol price hike

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb fuel overpricing by marketers.   The Guardian reported that the Authority Chief Executive, Farouk Ahmed, issued this warning in Abuja, on Monday, at a stakeholders’ […]

Group backs sale of NNPC
Policy and Regulations

NNPCL PMS pump price rises above N184/ltr

The Nigerian National Petroleum Company Limited, on Thursday, increased the pump price of Premium Motor Spirit at its filling stations in Abuja to N194 per litre from N179 per litre.   Leadership reported that, in Lagos, NNPC filling stations visited displayed N184 per litre for PMS.   This development is coming after weeks of petrol […]

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