•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...
Social media users have lamented over the reported reduction in petrol prices, claiming the slash is only visible online and not reflected at filling stations across the country. Dangote Petroleum Refinery slashed the gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, to N825 per litre from N835 per litre as competition con...
•Fuel pump The Dangote Petrolchemicals Refinery has effected another reduction in the ex-gantry price of its Premium Motor Spirit also known as petrol below the publicly announced N835 per litre. Sources confirmed today that the refinery has reduced its price to N825 per litre for its customers, through a rebate of N10 after successful loading...
•Ann-Kio Briggs and Ibok Ete Ibas Niger Delta human rights activist, Ann-Kio Briggs, says Rivers State Sole Administrator, Ibok Ete Ibas’ actions in the state are contrary to what President Bola Tinubu said he sent him to do. Ibas, Nigeria’s Chief of Naval Staff from July 2015 to January 2021, was appointed by Tinubu as […]
Data obtained by the Major Energies Marketers Association of Nigeria (MOMAN) yesterday indicated that the landing cost of a litre of imported petrol increased by ₦88 in one week. The association confirmed the rise in the landing cost in its daily energy bulletin released yesterday, arguing that price changes are inevitable in a deregulated mar...
The Dangote refinery has officially announced that it is halting the supply of petroleum products in naira. In a statement by the refinery today, the Dangote Group said the suspension is temporary. This followed reports that the Nigerian National Petroleum Company Limited might have stopped the sale of crude in naira to the Dangote refinery, [...
•Tinubu and fuel pump Niger Republic has turned to Nigeria for help after being hit by fuel shortage. The West African country reached out to Nigeria despite months of diplomatic tensions and hostile rhetoric, reports Sunday PUNCH. It was learnt that a delegation of senior officials of the military junta travelled down to Abuja to […]
•NNPCL trucks lining up for petrol loading at the Dangote Refinery A renowned economist, Paul Alaje, says the ongoing price war between the Dangote Refinery and the Nigerian National Petroleum Company (NNPC) Limited will “erode abnormal profit” enjoyed by capitalists. “You may want to call it a price war but in economics, when a duopoly [&hell...

