Petrol marketers seek N240/$1

Petrol marketers seek N240/$1

Petrol marketers are insisting on the exchange rates of not more than N240 per dollar to import and recoup  their investment, the Independent Petroleum Marketers Association of Nigeria (IPMAN) National Operation Controller, Mr. Mike Osatuyi, has said. He said the body has met the Federal Government on the issue, noting  that foreign exchange (fo...
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Osun, Abia, Benue pay highest petrol price in January – NBS

Osun, Abia, Benue pay highest petrol price in January – NBS

The National Bureau of State (NBS) said residents of Osun, Abia and Benue paid the highest average price for purchase of Premium Motor Spirit (PMS) popularly known as petrol in January. The NBS stated this in “Premium Motor Spirit (Petrol) Price Watch for Ja...
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No Panic Buying of Petrol, Please!!!

No Panic Buying of Petrol, Please!!!

The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other petroleum products consumers in Abuja and its environs not to engage in panic buying. The post No Panic Buying of Petrol, Please!!! appeared first on Vanguard News. ...
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Petrol: Imo residents face extreme hardship

Petrol: Imo residents face extreme hardship

THE continued sale of a litre of petrol above the Federal Government's approved pump price in Imo state, is currently making the living condition of the residents unbearable. The post Petrol: Imo residents face extreme hardship appeared first on Vanguard News....
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NCS intercepts 2,200 jerry cans of smuggled petrol

NCS intercepts 2,200 jerry cans of smuggled petrol

The Nigeria Customs Service (NCS), Seme Border Command, intercepted 2,200 jerry cans of smuggled of petrol with a Duty Paid Value (DPV) worth over N10 million between Dec. 1, 2017 and date. The post NCS intercepts 2,200 jerry cans of smuggled petrol appeared f...
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‘Why marketers insist on selling petrol above N145/litre’

‘Why marketers insist on selling petrol above N145/litre’

FACTS have emerged on why  marketers want a hike in the petrol’s price. The Nation learnt that the reason  marketers are reluctant to sell at N145 per litre is because of artificial scarcity; most private depots are empty. The few that have are warehousing...
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Pain, anguish in Imo, as petrol hits N250

Pain, anguish in Imo, as petrol hits N250

OWERRI—FEW days after the Department of Petroleum Resources, DPR, Zonal Controller Southeast, Mr. Peter Ikechukwu Eje, claimed that he had stopped petrol marketers, from selling above pump price, the product is still sold between N220 and N250 in the state, ...
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Nigeria is ‘eighth cheapest country to buy petrol’

Nigeria is ‘eighth cheapest country to buy petrol’

Nigeria is the eighth cheapest place in the world to buy petrol according to a report by Bloomberg. The report explained that Nigeria’s selling price of N145 (equivalent to $0.40 The post Nigeria is ‘eighth cheapest country to buy petrol’...
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Petrol subsidy claims and Senate’s oversight – Sonny Atumah

Petrol subsidy claims and Senate’s oversight – Sonny Atumah

Nigeria’s petrol subsidy is akin to the symbolic poetry in the spirit child Abiku that is a wanderer who dies and returns again and again to plague the people. The groundswell of public opinion has again started in Nigeria on subsidy for imported petroleum p...
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PDP asks Nigerians to reject ‘plot’ to hike pump price

PDP asks Nigerians to reject ‘plot’ to hike pump price

The Peoples Democratic Party (PDP) has asked Nigerians to reject any attempt by the federal government to hike the pump price of petrol. There have been reports that the current The post PDP asks Nigerians to reject ‘plot’ to hike pump price appear...
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