Tag: PMS
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Why petrol should sell above N750 per litre in Nigeria – World Bank
World Bank has suggested that a litre of Premium Motor Spirit (PMS), popularly known as petrol, should sell above N750 per litre in Nigeria to be cost-reflective.
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Nigeria’s daily petrol consumption drops by 33.58%
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says the country’s domestic consumption for petrol has significantly dropped from 66.7 million liters, before the deregulation, to 44.3 million liters per day.
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CNG way cheaper than PMS – Gas Association
The Nigerian Gas Association (NGA) has advised the public to adopt Compressed Natural Gas as an alternative to Premium Motor Spirit (PMS) or petrol, saying it’s way cheaper. According to NGA, Compressed Natural Gas is 15 percent cheaper than PMS. The President of the association, Akachukwu Nwokedi, said this during a media briefing in Lagos.…
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FG plans to convert 10 million PMS vehicles to CNG
The Federal Government of Nigeria has promised that it would convert 10 million Premium Motor Spirit vehicles to Compressed Natural Gas in the next three years.
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FG warns fuel stations against altering petrol pumps
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations operators who alters petroleum pumps.
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How petrol price jumped from N189 in Aug 2022 to N626 in Aug 2023
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N189.46 in Aug. 2022 to N626.70 in Aug. 2023.
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Investigation: FG paid N169.4 billion as fuel subsidy in August
An investigation has revealed that the present administration paid N169.4 billion as fuel subsidy in August to keep at N620 per litre the pump price of Premium Motor Spirit (PMS), popularly known as petrol.
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Tinubu breaks silence on PMS price hike scare
President Bola Tinubu has assured Nigerians there will be no increase in the pump price of premium motor spirit (PMS) anywhere in the country.
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Petrol queues resurface nationwide as NNPC confirms price hike
The hike in the pump price of petrol first reported in Abuja, the Federal Capital Territory (FCT), on Tuesday morning, has trickled down to other parts of the country, resulting in fuel queues.
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NNPC explains increase in PMS price to N617 per litre
The Nigerian National Petroleum Company L.td. has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam