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Tag: petrol price

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 […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Scarcity: Two billion litres of petrol available – NNPC

The Nigerian National Petroleum Company Limited has disclosed that it has two billion litres of Premium Motor Spirit popularly known as petrol in stock. According to The News Agency of Nigeria, this is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. According to Adetunji, the inventory of more […]

Nigeria, Morocco commence 5,600km gas pipeline project
Oil and Gas

NNPC denies issuing directive on fresh petrol price

The Nigerian National Petroleum Company Limited has denied issuing the directive on the new price of Premium Motor Spirit, otherwise known as petrol. NNPC said on Tuesday that fuel pricing directly falls under the responsibilities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The spokesperson for the NNPC, Garbadeen Muhammad, said, “The NNPC no […]

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