Fresh petrol price increase looms as crude oil surges above $105
Petroleum products retailers, marketers, depot owners and refiners in Nigeria are weighing a fresh increase in the pump price of Premium Motor Spirit, PMS, as crude oil prices climbed above $105 per barrel on Friday. A crude oil price survey by DAILY POST on Friday showed that Brent crude and West Texas Intermediate (WTI) stood at $105.5 […]
Cooking gas price reportedly sustains decline
The price of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, has continued to decline in parts of Nigeria over the past three weeks. Report showed that the price of a kilogram of cooking gas has dropped to N1,300 down from N1,450, depending on the location in Abuja and its environs. Ranoil, Shafa, and […]
NNPCL increases fuel price
Nigerian National Petroleum Company Limited, NNPCL, retail outlets have increased the pump price of Premium Motor Spirit, PMS, also known as petrol. A market survey by newsmen on Tuesday showed that the state-owned filling stations raised their petrol price to N1,270 per litre from N1,155 per litre in Abuja and environs. This means that NNPCL […]
Dangote Refinery suspends petrol sale in Naira
Dangote Refinery has suspended the gantry sale of premium motor spirit in Naira and pegged it at $0.779, which is approximately N1,075 per litre for PMS. In a notice to customers by the firm’s Group Commercial Operations, the refinery said the dollar price takes effect from Monday. Accordingly, the refinery benchmarked the ex-depot price of automotive […]
Dangote refinery begins free petrol delivery to Abuja, five states
Dangote Petroleum Refinery has commenced free delivery of Premium Motor Spirit popularly known as petrol to six states across Nigeria, including the Federal Capital Territory, Abuja, while maintaining its ex-depot price of N1,075 per litre. The refinery announced the initiative in a notice shared on its official X handle on Wednesday. According to the company, […]
MORE relief for Nigerians as FG announces immediate solution to reduce cooking gas price
Nigerian government has announced an immediate solution to the crash in the price of liquefied petroleum gas, also known as the cooking gas price, nationwide. Rabiu Umar, the chief executive of the Nigerian Midstream and Downstream Petroleum Authority, NMDPRA, in a recent meeting with stakeholders, announced targeted imports as the immediate solution to bring down […]
MORE pain for Nigerians as cooking gas price increases nationwide
The price of liquefied petroleum gas, known as cooking gas, has increased nationwide as marketers lament scarcity. This comes as the Nigerian Association of Liquefied Petroleum Gas Marketers disclosed that cooking gas price has skyrocketed to N1,500 per kilogram, up from N1,200 in Abuja. NALPGAM president, Edu Inyang, and the Executive Secretary, Mr Bassey Essien […]
DANGOTE Refinery increases petrol price again
The Dangote Petroleum Refinery has again increased the price of the Premium Motor Spirit, PMS, marking the third upward adjustment within a week.The refinery made the announcement of the price hike to marketers on Monday, raising the gantry price of Premium Motor Spirit to N1,175 per litre from N995 per litre announced on Friday. This […]
NNPCL, other Nigerian filling stations increase fuel price
Nigerian National Petroleum Company Limited and other filling stations have increased their Premium Motor Spirit pump price. According to NNPCL outlets in Abuja on Tuesday gathered that petrol has been adjusted upward to N960 per liter, up from N875 sold on Monday. This means that the state-owned oil firm jerked up its pump price by […]