Group Managing Director, Rainoil Ltd, Gabriel Ogbechie, has asked Nigerians to prepare to pay full market prices for petroleum products as a result of the full deregulation of the downstream sector. After President Bola Tinubu announced that subsidy was gone, the pump price of petrol rose from N198 to N545 per litre and the Nigerian […]
•Tinubu President Bola Ahmed Tinubu has said that Nigerian motorists now have a choice between paying N1,000 per litre for Premium Motor Spirit (PMS), commonly known as petrol, and buying Compressed Natural Gas (CNG) at N200 per Standard Cubic Meter. The president said this yesterday during a meeting with executives of the Nigerian Independent...
•Tinubu Daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29, 2023. Data obtained by our correspondent from the Nigerian Midstream and Downstream Product Regulatory Authority (NMDPRA) Daily Truck Out Report, showed that consumption as of...
Despite the rising cost of living spreading like wildfire across the country, Nigerians paid 24 per cent more to purchase one litre of the Premium Motor Spirit (PMS) or petrol in September. This is as the World Bank in its latest report on Nigeria, said 129 million Nigerians currently live below poverty. In its Nigeria […]
•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 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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