•House of Representatives. The House of Representatives has waded into the increase in the pump price of petroleum products. Moved by the Deputy Minority Leader, Aliyu Madaki and sponsored by 111 members of the house, the house called for the immediate reversal of the price increase in petrol and cooking gas, reports Channels TV. The […...
•Tinubu Despite promising to bring down the price of petrol during his campaign, President Bola Tinubu has repeatedly increased petrol price by about 488 per cent – from N175 in May 2023 to N1,030 in October 2024 – inflicting more pains on the already impoverished Nigerians, reports The PUNCH. The first assignment performed by President [&hell...
•Petrol queue Following the new adjustment in the pump price of Premium Motor Spirit, PMS, also known as petrol by the Nigeria National Petroleum Company Limited (NNPC Ltd.) the product now sells between N1150 and N1500 in Yenagoa the Bayelsa State capital and its environs. Our reporter who visited various filling stations and outlets in [&hel...
Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility. The current fuel cost was effected in August when the NNPCL adjusted the pump price from...
•House of Representatives The House of Representatives, today, urged the federal government to direct the Nigerian National Petroleum Corporation Limited and the Dangote Refinery to allow independent marketers to commence the lifting of fuel from the newly established refinery. The resolution was reached following the adoption of a motion of u...
•Catholic bishops The Catholic Archbishop of Ibadan Archdiocese, His Grace, Most Rev. Gabriel Abegunrin, has urged the Tinubu-led federal government to allow Dangote Refinery sell petrol directly to marketers. The Archbishop made the remark today in Ibadan at a news briefing organised by the Archdiocese on the occasion of his 75th birthday ann...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has clarified the reasons independent marketers are unable to purchase petrol directly from Dangote Refinery. The association’s president, Festas Osifo, at a press conference in Lagos, yesterday, said the issue stems from a pricing disparity between the costs at whic...
Dangote Petroleum Refinery, sole producer of petrol being off taken and distributed for Nigerians, has declared that the government should end subsidy, a move that would cause imminent surge in the prices of the product to as high as N1,800 litre. The Founder of the 650,000 barrels per day capacity refinery, Alhaji Aliko Dangote, who […...
•Petrol queue Months prior to the unofficial jerk up of fuel prices to the present N1000 per litre in many filling stations, from the official price of N580 at NNPCL filling stations and N607 at other retail outlets, the country witnessed an unprecedented level of fuel scarcity that almost spalled it. The average motorist almost […]
•Libyan flag Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024. This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various [&helli...

