Despite the reduction in the gantry price of Dangote Petroleum Refinery to N1,200 per litre from N1,275 per litre, oil marketers have continued to sell Premium Motor Spirit, PMS, also known as petrol, at N1,330 per litre and above in Lagos and its environs. Motorists had expected that with the N75 per litre reduction by […]
The steady rise in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, has intensified economic hardship across Nigeria, with prices climbing to nearly N1,400 per litre in several parts of the country, triggering widespread anxiety among transporters, commuters, and businesses. Findings across major cities indicated that th...
Global oil prices took a dramatic turn today, jumping by five per cent, after dropping to $88 per barrel yesterday, according to market data. Brent hits $92.43 per barrel as of 10: 56 AM WAT, signalling a 5.27 per cent increase, reports Channels TV. It had initially hit over $100 per barrel on Monday as […]
Dangote Petroleum Refinery has revised its ex-depot prices, increasing the gantry price of Premium Motor Spirit (PMS), or petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), commonly known as diesel, has been raised to ₦1,620 per litre. The latest revision marks the fourth consecutive price review in less than two weeks amid global [&...
•Petrol price hike On the heels of upward adjustments in the pump price of petrol three days ago, Nigerians may face another round of increases following a sustained rise in crude oil prices on the international market. The price of Nigeria’s Bonny Light crude rose to $70.30 per barrel from $64 per barrel last week, […]
•Fuel pump Private petroleum depots across Lagos and other key fuel trading hubs have raised the ex-depot price of Premium Motor Spirit (petrol) to as high as N800 per litre. Data obtained from petroleumprice.ng yesterday showed that the average cost of petrol at private depots increased sharply within 48 hours, tightening margins for marketer...
Dangote Petroleum Refinery has urged Nigerians to report MRS stations selling Premium Motor Spirit (PMS) or petrol at a price above the approved ₦739 per litre. This is as the company said it has commenced nationwide sales of petrol at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations. […]
•Dangote Refinery fuel loading bay Dangote Petroleum Refinery will supply 50 million litres of petrol per day into the Nigerian market. The decision was taken to ensure that there is no shortage of the product during the festive season, the company said yesterday. This translates to 1.5 billion litres of Premium Motor Spirit (PMS) for [&hellip...
•Port Harcourt Refinery The four federal government owned refineries operated by the Nigerian National Petroleum Company Limited (NNPC) remained shut and did not record any Premium Motor Spirit production throughout the month of October. This was revealed in a newly released factsheet by the Nigerian Midstream and Downstream Petroleum Regulato...
•Tinubu President Bola Ahmed Tinubu, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), today said the federal government is no longer considering implementing the controversial 15 per cent duty on imported petroleum products. The development was announced by the Director, Public Affairs Department, NMDPRA, ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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