PMS
BREAKING: NNPCL slashed petrol price to N899 per litre – PETROAN
The Nigerian National Petroleum Company Limited has reduced its ex-depot price of Premium Motor Spirit, commonly referred to as petrol, from N1,020 to N899 per litre. This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association of Nigeria in a statement released […]
Petrol Pump Price Surges Again
The price of petrol at the pump has increased for the second time in just three weeks, now selling for N1,025 per litre at Nigerian National Petroleum Corporation Limited (NNPCL) outlets in Lagos and N1,050 in Abuja. On October 9, 2024, the price of the commodity had already risen from N897 to N1,030 per litre […]
Deregulation: Petrol consumption drops by 92%
As premium motor spirit (PMS) or petrol prices rises, the demand from the product has taken a plunge. This is not unconnected with the removal of subsidy and the full deregulation of petrol, leaving it to the dictates of market forces. According to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the […]
Petrol scarcity: Major oil marketers to lift 300m litres of PMS this week
The Major Energies Marketers Association of Nigeria (MEMAN) says its members have commenced loading over 300 million litres of premium motor spirit (PMS) this week amid scarcity. MEMAN disclosed this in a statement on Tuesday. “Our members in Apapa and other locations in Lagos are taking product from 8 vessels this week with over 300 […]