Petroleum

Latest News on Petroleum
Return of Fuel Subsidies Disturbing, IMF...

Return of Fuel Subsidies Disturbing, IMF Tells FG

In a virtual meeting with the representatives of the Federal Government, the mission of the International Monetary Fund stated that the resurfacing of fuel subsidies was concerning. The IMF mission led by Jesmin Rahman, according to a press release, expressed its concerns about rising fuel... read more »

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal
NLC Set to Meet Today Over Govs’ N380/Li...

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal

The leadership of the Nigeria Labour Congress is set to meet today (Friday) to deliberate and reach a stance on the proposal by governors for the price of petrol to be hiked from N162/litre to N408.5/litre. On Wednesday, a committee working on the mandate of the Nigeria Governor’s Forum advocated... read more »

Prepare for Fuel Subsidy Removal, FG Tells Nigerians
Prepare for Fuel Subsidy Removal, FG Tel...

Prepare for Fuel Subsidy Removal, FG Tells Nigerians

The Federal Government of Nigeria has asked citizens to prepare for the imminent increment in the pump price of petrol, given the current economic realities in the country. This was disclosed by the Minister of State for Petroleum Resources, Chief Timipre Sylva, while addressing journalists at a... read more »

No increase in Petrol Ex-depot Price in May
No increase in Petrol Ex-depot Price in ...

No increase in Petrol Ex-depot Price in May – NNPC

The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex-depot price of Premium Motor spirit also known as petrol next month. The Group Managing Director, Malam Mele Kyari, made this known at the end of a closed door meeting with Petroleum Transport Drivers (PTD),... read more »

BUA, 27 Others Issued Active Refinery Licences – DPR
BUA, 27 Others Issued Active Refinery Li...

BUA, 27 Others Issued Active Refinery Licences – DPR

The Department of Petroleum Resources, DPR, has said that it has granted refining licences to 28 investors, including BUA Refinery and Petrochemicals Limited. The clarification was issued following a report by Punch on Tuesday that 32 refinery project licences given to private investors in the... read more »

More from Petroleum

Femi Adesina: Flying on Wings of Gas

Femi Adesina: Flying on Wings of Gas

By the time we remove hatred, malice, indecent politics, and all the ills that plague our country and its leaderships across different governments, President Muhammadu Buhari would go down... read more »

No Petrol Price Hike until after Labour Deliberation

No Petrol Price Hike until after Labour Deliberation – NNPC

The Nigerian National Petroleum Corporation (NNPC) has announced that there will be no hike in the current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing... read more »

Long Petrol Queues, Hiked Transport Fare Rock Awka as Petrol Price Increases

Long Petrol Queues, Hiked Transport Fare Rock Awka as Petrol Price Increases

Petrol users in Awka have resorted to buying from few filling stations, including the NNPC Mega Station, after the price of the product rose yesterday’s morning from one hundred and... read more »

PPPRA Deletes Template Announcing N212/Per Litre Petrol Price

PPPRA Deletes Template Announcing N212/Per Litre Petrol Price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has deleted an earlier published template announcing an increase in the retail price of petrol The PPPRA had published a new... read more »

Naira Dips to 410/$ at Official Market – Emefiele

Naira Dips to 410/$ at Official Market – Emefiele

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria has said that the naira has suffered a dip in value to 410 against the dollar at the official market. The apex bank boss disclosed this... read more »