Tag Archives: petrol

The Nigerian National Petroleum Company Limited (NNPC Ltd) has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, from N855 to N998 per litre. This price hike, announced on Wednesday, represents a 12.7% increase, or an additional N113 per litre. The increment has been rolled out across all NNPC Ltd filling stations, according to media reports. Meanwhile, …

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The Nigeria National Petroleum Corporation Limited (NNPC Ltd.) and @afreximbank have jointly signed a commitment letter and Termsheet for an emergency $3billion crude oil repayment loan, a tweet on NNPC’s Twitter handle @nnpclimited has reported. The tweet on Wednesday further revealed that the signing took place in Cairo, Egypt. “The signing, which took place today at the bank’s headquarters in …

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The Department of Petroleum Resources says the pump price of petrol in Nigeria may rise up to as much as N1000 per litre when the petrol subsidy regime comes to an end without an alternative energy source.

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Tayo Olanipekun, Washington DC Nigeria does not have any “imminent” plan to remove fuel subsidy as there are currently no buffers to cushion the effect of such action, Minister of Finance, Zainab Ahmed, has said. The Minister said this in Washington DC Sunday morning during a briefing with journalists on the sidelines of the World Bank/IMF Spring Meetings, adding that …

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Lagos State government on Monday softened its stance on granting of Planning Permit for the construction of petrol stations in the state. This is as it announced the lifting of the over 16-months embargo it emplaced on the construction of new fuel stations in the mega city and its environs. At a press conference on Monday, Commissioner for Physical Planning …

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The Federal Government on Tuesday hinted that independent marketers might be allowed to sell petrol above the current regulated pump price N145 per litre. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, gave the hint in a presentation at an investigative hearing organised by the Senate on the lingering scarcity of the product in the country. He said …

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How Fuel Shortage, High Transport Fare Mar Christmas Across Lagos     Transport Fare Along Some Lagos Routes   Apapa to Ojuelegba =N200 against former N100 Iju-Elliot to Agege = N200 against former N50/100 Ikeja to Maryland = N200 against former N50 Ikorodu to Epe=N1,200 against former N600 Iju-Ishaga to CMS = N600 against former N350 Abule Egba to Ile …

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Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that four of the vessels had petrol consignment. It said that four other ships would berth with …

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