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Wednesday, February 8, 2023

Nigeria’s Rising Petrol Price Hits N300 Per Litre

The country-wide shortage of Premium Motor Spirit, often known as gasoline, worsened on Thursday as long lines were seen in Abuja, Lagos, Port Harcourt,...

Kerosene Prices Peak At 146%

In only one year, the cost of residential kerosene, often known as cooking kerosene, increased by nearly 100%. The average retail price of kerosene...

Importation Of Petroleum Products To End Q1 2024 – FG

The Federal Government (FG) has revealed that Nigeria may stop importing petroleum products by the first quarter of 2024. Timipre Sylva, the minister of state...

Petrol Price Cut Fails To Reduce Fuel Queues

Queues for Premium Motor Spirit, often known as petrol, may persist in several states despite a 17-kobo reduction in the commodity's ex-depot price, according...

NNPC To Finance Nigeria’s Road Projects With N1tn – Kyari

NNPC Group Chief Executive Mele Kyari stated in Lagos on Thursday that the Nigerian National Petroleum Company Limited will contribute an additional N1 trillion...

Two Billion Litres Of Petrol In Stock – NNPC

The Nigerian National Petroleum Company Limited claims to have two billion liters of gasoline on hand (NNPC Ltd). This was said in a statement...

Depots Sell N220/litre, Marketers Predict N350/litre Pump Price

Given the continuous shortage of the commodity, Premium Motor Spirit, often known as gasoline, might reach N400 per litre at the majority of gas...

Nigeria’s Next President To Implement Fuel Subsidy Removal

The elimination of gasoline subsidies has been deferred to the next administration by the federal government of Nigeria (FGN), as stated by Mrs. Zainab...

Illegal Tax, Forex Crisis Hampering Fuel Supply

According to the Depots and Petroleum Products Marketers Association of Nigeria, unapproved taxes and charges, as well as dealers' inability to acquire foreign money,...

Petrol Stock Plunges By 5.48m litres, Fuel Scarcity Persist

According to industry statistics issued, the Nigerian National Petroleum Company Limited's stock of Premium Motor Spirit, often known as petrol, fell by 5,481,239 litres....

Fuel Scarcity Grounds All Vehicles In Lagos, Ogun And Abuja

Petrol scarcity struck various parts of Nigeria on Tuesday, forcing motorists to spend hours battling for the product at filling stations. In many parts...

NNPC Subsidiary Pushes For Sustainable Energy

Plans to further the conversation on energy transition have been reached by the Nigerian Association of Petroleum Explorationists (NAPE), and a subsidiary of the...

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