The pump price of Premium Motor Spirit, popularly called petrol, is nearing ₦1,400 per litre in many parts of Nigeria as the crisis between the United States and Iran continues to disrupt global oil markets. Newsmen reports that the development followed the failure of the US and Iran to agree on a ceasefire that could…
The Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for premium motor spirit (PMS), popularly known as petrol, to ₦1,200 per liter. According to him, the price adjustment represents a downward review in the refinery’s pricing template. This comes at a time of heightened uncertainty in the global oil market, driven by geopolitical…
The relentless rise in the pump price of Premium Motor Spirit (PMS), popularly known as petrol or fuel, has compounded economic hardship across Nigeria, with prices approaching ₦1,400 per litre in many parts of the country. Crude Oil Rally, Dangote Price Adjustment Drive Increase The surge in petrol prices is largely attributed to the sharp…
Members of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, have shut down petrol distribution nationwide with effect from, Monday, September 8, over a face-off with Dangote Refinery. The National President of NUPENG, Comrade Williams Akporeha, in an interview, noted that the move was in the interest of the country. NUPENG threatened to…
IN TODAY’S VIEWPOINT, PENSIONERS FM TAKES A LOOK AT SOLUTIONS TO NIGERIA’S DEADLY PETROL TANKER ACCIDENTS. IT IS WRITTEN BY PENSIONERS FM RECENTLY Residents of Suleja, Niger state will for years to come, relive the horror of January 18 this year. A tanker conveying about 60,000 liters of premium motor spirit overturned at Dikko junction,…
By Babatunde Tiamiyu Armed bandits have appealed to President Bola Ahmed Tinubu to have pity on Nigerian masses by cutting down prices of petrol and food items in the market. Armed bandit kingpin, Bello Turji, made this appeal in a viral video. The bandit leader revealed that he had received several complaints from the masses…
Businessman Aliko Dangote has announced that petrol from his 650,000-barrel-per-day facility will be available at filling stations within the next 48 hours. Speaking at a press briefing on Tuesday, Dangote stated that the product will hit the market once final arrangements with the Nigerian National Petroleum Company Limited (NNPCL) are completed. “Our PMS (Premium Motor…
The national average retail price of petrol increased year-on-year, YoY, by 28.35 per cent to N770.54 per litre in July 2024 from N600.35 per litre recorded in the corresponding period of 2023. The National Bureau of Statistics (NBS) disclosed this in its Premium Motor Spirit (Petrol) Price Watch for July 2024. On a month-on-month (MoM)…