Fuel price
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Dangote Refinery has said that the recent adjustment in the company’s ex-depot price of petrol “is directly related to the significant increase in global crude oil prices”. The company assured Nigerians that three of its partners will sell petrol for ₦970 per litre nationwide despite the company’s recent increase in the ex-depot price of petrol.…
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The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the sudden hike in the pump price of fuel. Obi described the sudden price hike by the Nigerian National Petroleum Company Limited, NNPCL, as insensitive and unfortunate. Posting on X, Obi said the sudden hike in the pump…
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Petrol prices are exceeding 150p per litre for the first time since last November, according to new data. Figures from the website Fuel Prices Online shows typical pump prices reached 150.1p per litre on Monday. The average price of a litre of diesel is also at the highest level since November 2023, at 158.3p. Experts say rising…
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The Federal Government of Nigeria on Monday said it has not removed subsidies on the Premium Motor Spirit (PMS), otherwise known as petrol. Timipre Sylva, the Minister of State for Petroleum Resources, stated this while speaking with newsmen in Abuja. Sylva spoke on the sidelines of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
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