Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared…
President Bola Tinubu says Nigerians can buy premium motor spirit (PMS), also known as petrol, at N1,000 per litre or compressed natural gas (CNG) at N200 per standard cubic meter. In a statement by Bayo Onanuga, special adviser to the president, Tinubu spoke during a meeting with the Nigerian Independent Petroleum Company (NIPCO) on Tuesday…
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. The lawmakers said they feared that the…
Leaders of Nigeria Labour Congress, NLC, and their Trade Union Congress of Nigeria, TUC, counterpart are currently meeting with the Federal Government. Vanguard gathered that meeting is centered on the state of the nation, especially the petrol pricing and its consequences. According to sources, the meeting is taking place at the Secretary to the…
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi has ordered the auction of seized petrol in Adamawa at N630 per litre. At a press conference on Wednesday, October 9, 2024, in Yola, the Adamawa State capital, the Comptroller-General of Customs (CGC), Adewale Adeniyi, represented by the Deputy Comptroller-General of Customs (DCG) Aliyu Alajogun,…
The Labour Party presidential candidate in the 2023 election, Peter Obi, has condemned the recent increase in fuel prices, calling on the Federal Government to reverse the sudden hike. Obi’s statement comes after the Nigerian National Petroleum Company Limited (NNPCL) announced an increase in petrol price, raising it from ₦897 to ₦1,030 per litre. The…