Tag: Pump Price
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Just in: Fuel stations to adjust pump price as petrol crashes by over N300 per litre
All seems set for Nigerians to savour slightly lower prices for petrol following a crash in the landing cost of petroleum products. From all indications based on the data from major marketers, including the Nigerian National Petroleum Company Limited (NNPCL) that landing cost crashed to ₦935.94 per litre from its last reported price of…
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NLC demands immediate reversal of new pump price of petrol
The Nigeria Labour Congress (NLC) has called for the immediate reversal of the new price increase in pump price of petrol across the country. The Congress made the demand in a statement issued on Tuesday in Abuja by its President, Mr Joe Ajaero and made available to newsmen.
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NNPC fuel stations adjust pump price to over N800 per liter
Despite scarcity, the Nigerian National Petroleum Corporation (NNPC) Limited fuel stations in Lagos have adjusted the price of petrol to N855. On Tuesday morning it was noticed that some NNPC retail stations in Lagos are selling fuel between N865 to N897 per litre from N568 per liter. This is coming after the recent admission…
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BREAKING: Fuel prices to increase from N568 to N617 per litre
T he Nigerian National Petroleum Corporation Limited (NNPC) has revealed that its fuel pump price will rise from 586 to 617 per litre tomorrow. In June, the NNPC announced an increase in the price of fuel per litre due to the removal of fuel subsidy, which made the price shift from its previous N189 per…
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Oil marketer identifies permanent solution to hike in fuel prices
Following the incessant increase in the pump price of fuel in the country, the Chief Executive Officer of Emadeb Energy Service Limited, Debo Olujimi, says that local refining of the product remains the only lasting solution to the price surge. The pump price of fuel has been increased twice in the last two months and…
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No marketer should speculate fuel pump price until importation starts- Ex-MOMAN, Oyebanji
Former Chairman, Major Oil Marketers Association of Nigeria (MOMAN), Tunji Oyebanji, has cautioned Nigerians, especially marketers against speculations over petroleum pump price. Oyetunji in an interview on Friday in Lagos while reacting to a recent statement Mr Mike Osatuyi, National Controller Operations, Independent Petroleum Marketers Association of Nigeria (IPMAN), who stated that the pump price…
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PENGASSAN urges FG to revoke licence of oil marketers selling above approved price
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has urged the Federal Government to revoke licences of oil marketers selling above approved pump price of Premuim Motor Spirit (PMS). PENGASSAN said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
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Fuel pump price increased to N185 per litre
T here is no respite for Lagos residents over the lingering fuel scarcity as Major Oil Marketers Association of Nigeria (MOMAN) has increased the price of petrol to N185 per litre without official notification. Fuel scarcity persisted on Friday as long queues disrupted traffic flow
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NMDPRA seals filling stations for selling PMS above regulated price
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Osogbo, on Thursday, sealed eight filling stations in the state for allegedly selling premium motor spirit (PMS) above the government-approved pump price. NMDPRA Coordinator in Osun, Mr Kunle Adeyemo,
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NMDPRA addresses report on increase in fuel pump price by FG
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has no intention of increasing the price of Premium Motor Spirit (PMS) during the festive period. The General Manager, Corporate