•Tinubu and fuel pump Nigerians will pay an additional amount of about N1trillion (N973.6 billion) annually on petrol imports following the federal government’s planned introduction of a 15 per cent import tariff on Premium Motor Spirit (petrol), a price analysis conducted has shown. According to a petrol import trend report obtained from the ...
•Tinubu and fuel pump Petroleum marketers have warned that the pump price of Premium Motor Spirit, popularly called petrol, could exceed N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, which takes effect after a 30-day transition period expected to end [&hel...
•Tinubu President Bola Tinubu has approved a 15 percent ad-valorem import duty on diesel and premium motor spirit (PMS), also known as petrol. This was announced in a letter dated October 21, 2025, where the private secretary to the president, Damilotun Aderemi, conveyed Tinubu’s approval to the Federal Inland Revenue Service (FIRS) and the Ni...
The Oyo State Police Command has arrested a man, identified as Lawal Faruq, for allegedly setting his former lover, Omolola Hassan, ablaze within a military barracks in Ibadan. The horrific incident, which occurred earlier in the week, reportedly stemmed from the breakdown of the couple’s relationship, reports Vanguard. A counterinsurgency exp...
The Dangote Petroleum Refinery has intensified efforts through the use of Compressed Natural Gas (CNG)-powered trucks to distribute Premium Motor Spirit, PMS, also known as petrol at N850 per litre to different parts of the nation. Checks by our correspondent yesterday indicated that the deployment of the CNG trucks has enabled the 650,000 bar...
•Oil Marketers Amid worsening supply challenges and rising pump prices, petroleum marketers have begun moves to import petrol independently as the commodity moved close to the N1,000 per litre mark across major cities in the country. Marketers said supply constraints and production glitches at the Dangote Petroleum Refinery sparked fresh press...
•Tinubu and fuel pump nozzle Nigerians buying petrol will pay additional N45 for each litre of fuel they purchase come 2026 if the price remains unchanged at the rate of N900. This is due to the provision of a five percent surcharge in the 2025 Nigeria Tax Administration Act on refined petroleum products in a […]
•Queue at a filling station Filling stations across the country have adjusted the pump price of premium motor spirit (PMS), otherwise known as petrol, with a litre sold at almost N1,000 across the country. This followed the recent increase in the price of crude oil on the global market, triggered by the escalating Israel-Iran hostilities, [&he...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused petroleum marketers of exploiting Nigerians through inflated fuel prices, insisting that Premium Motor Spirit (PMS) should currently be selling for between N700 and N750 per litre. Speaking at a press conference in Abuja today, PENGASSAN President, Comrad...
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below the current N825 per litre price being sold by the Lekki-based plant. IPMAN Publicity Secretary, Chinedu Udadike, in an interview with our correspondent, stated that the refinery had the necessary e...
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