Petroleum marketers have cautioned that the pump price of Premium Motor Spirit (PMS), commonly known as petrol, could rise above ₦1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel imports. The new policy, set to take effect after a 30-day transition period ending on November…
Dangote Petroleum Refinery and Petrochemicals has announced another review of its ex-depot (gantry) loading price for Premium Motor Spirit (PMS), popularly known as petrol. Dangote Refinery has reduced the price of diesel to N835 per litre, down from N865, a 3.5% decrease after six days at the previous rate. The company announced the price adjustment to…
The Dangote Refinery has slashed its ex-depot price for premium motor spirit (PMS), better known as petrol, from ₦950 per litre to ₦890. In a statement, the company said the move is “effective from Saturday, 1st February 2025”. The Dangote Group Chief Branding and Communications Officer Anthony Chiejina said the reduction is based on market…
The Nigeria Labour Congress (NLC) on Tuesday demanded an immediate reversal of the hike in fuel price announced by the Nigerian National Petroleum Company Limited (NNPCL), saying the hike has worsened the misery of Nigerians. Amid the lingering fuel scarcity in the country, the NNPCL increased the pump price of petrol from ₦568 to ₦855,…
