The minimum pump price of petrol has not responded to the latest Dangote Petroleum Refinery ex-pot price slash of Premium Motor Spirit, PMS, also known as petrol to N899.50 per litre, from N970 per litre. Most petrol stations in Lagos have retained the old price range of N1,025 minimum in Nigeria National Petroleum Company Limited, […]
Barely three weeks after jerking up the price per litre of petrol, retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price of the commodity today in Lagos from ₦998 to ₦1, 025. In Lagos, our correspondent observed that many NNPCL outlets sold a litre of the essential commodity for […]
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this this morning, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based [&helli...
Against the backdrop of a new increase in petrol price, marketers have adopted a wide range of price differentials nationwide with petrol stations owned by the Nigerian National Petroleum Company Limited, NNPCL, among the highest pump prices. While it was learnt that the latest upward adjustment has fixed the base price at N855 per litre, [&he...
Some traders and commuters in the Federal Capital Territory (FCT) have frowned at the increase in the pump price of Premium Motor Spirit (PMS) by the NNPC Ltd. The NNPC Ltd Retail Management approved the upward review of PMS pump price from N617 per litre to N897 per litre effective from today, Tuesday, September 3, […]
Nigerians, especially motorists, woke up today to discover that the Nigerian National Petroleum Company Limited (NNPCL) had increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦855 per litre from the previous ₦617 per litre. This unexpected price hike shocked many Nigerians, prompting them to flock to nearby NN...
Nigeria’s downstream petroleum industry may have gone into a frenzy, following clear indications that the federal government may no longer sustain the cost of under-recovery, otherwise known as subsidy, due to the steady rise in petrol import bills. Industry operators told our correspondent yesterday that it is now clear that pump price may be...
•Petrol scarcity Petrol supply has continued to be on and off across the country forcing many filling stations not to dispense the product, investigations in the Federal Capital Territory (FCT) and many states across Nigeria have shown. Our investigations show that the product sells for close to N1,000 per litre at some stations belonging to [...
Petroleum marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), covering Oyo and Osun State are presently holding a meeting in Ibadan, Oyo State capital over the possible review of the current petroleum pump price. Findings at the IPMAN Secretariat located at Odo-Ona, off Ibadan-Abeokuta expressway, r...
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