Tag: PMS
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How daily petrol consumption dropped by 35% after subsidy removal
Daily average consumption of Premium Motor Spirit (PMS), otherwise known as petrol, in Nigeria, has dropped drastically by 35% after President Bola Tinubu removed payments of fuel subsidy. TheNewsGuru.com (TNG) reports Nigeria’s daily average petrol consumption figure dropped from 66.6 million litres per day in May to 49. 5 million litres per day in June.…
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IPMAN speaks on selling petrol for N700 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied alleged plan by the association to increase pump price of Premium Motor Spirit (PMS) also known as petrol to N700 per litre nationwide.
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President Tinubu: From Renewed Hope to renewed ‘shege’?
Less than a month, Nigerians have already started feeling the impact of President Bola Ahmed Tinubu’s administration which was inaugurated on May 29th. On inauguration day, Tinubu made the controversial decision to remove fuel subsidy payments, and the price of Premium Motor Spirit (PMS), popularly known as petrol, immediately skyrocketed across the country. Petrol that…
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Fuel price hike: IPMAN tells FG what to do to ensure competitive pricing for PMS
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to issue licences to more importers and allow them to bring in Premium Motor Spirit (PMS) and other petroleum products into the country.
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Fuel subsidy removal: Lagosians lament price of petrol
Long queues resurfaced at some fuel stations in Lagos metropolis on Monday, with motorists in panic buying across the state.
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Petrol price increases by 42.63% a litre in one year – NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol has increased from N185.30 in March 2022 to N264.29 in March 2023.
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Petrol price increased by 54.76%
The National Bureau of Statistics (NBS), says the average retail price of a litre of Petrol increased from N170.42 in February 2022 to N263.76 in February 2023.
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Fuel Scarcity: Queues ease as NNPC, Matrix Energy begin massive supply in Delta, Edo, other
The perennial queues occasioned by the non-availability of the Premium Motor Spirit (PMS) also known as fuel in Warri, Effurun and other parts of Delta State has started phasing out following recent mass supply of the product to marketers in the State.
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Fuel scarcity: IPMAN urges Nigerians to stop panic buying of PMS
The Independent Marketers Association of Nigeria, (IPMAN), Western zone, has urged Nigerians to stop panic buying of petrol, assuring them that fuel scarcity would soon ease off.
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FG vows to find permanent solutions to fuel scarcity
The Federal Government has warned of dire consequences for any individual or groups who attempt to exploit or further cause untold hardship to ordinary Nigerians by disrupting fuel supply and distribution chain.