Just another News Updates
Dangote Refinery has announced its petrol pricing, setting rates at ₦960 per litre for ship deliveries and ₦990 per litre for truck supplies. In a statement by Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery underscored its commitment to quality and transparency, warning that any petrol available at a lower price may be […]
Major oil marketers across Nigeria have raised the price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦1,010 to ₦1,050 per litre, reflecting a 4% increase in Lagos and nearby areas. In contrast, independent oil marketers have adjusted their prices to range between ₦1,100 and ₦1,200 per litre, up from approximately ₦1,060 per […]
Organized Labour has issued a stark warning, stating that the latest hike in petrol prices is pushing Nigerians to the brink. They cautioned the Federal Government about the possibility of public backlash due to the repeated increases in fuel costs, urging authorities to pay attention to the growing frustration across the country. Labour leaders also […]
Amid rising economic hardship, President Bola Tinubu’s administration, through the Nigerian National Petroleum Company Limited (NNPCL), has once again increased the pump price of petrol. The revised pricing now sets the cost per liter at ₦1,025 in Lagos and ₦1,060 in Abuja. In October, the pump price at NNPCL filling stations had been ₦1,030 in […]
The House of Representatives has taken swift action regarding the recent surge in fuel prices, calling for an immediate reversal of the increase in the pump prices of petrol and cooking gas. This demand was made in a motion initiated by Deputy Minority Leader Aliyu Madaki and co-sponsored by 111 other members of the House. […]
Renowned Nigerian lawyer and human rights advocate, Femi Falana (SAN), has condemned the decision of the Nigerian National Petroleum Company Limited (NNPCL) to set prices for both imported and locally refined fuel, labeling the actions as illegal, null, and void. In a statement released on Thursday, Falana argued that NNPCL’s decision violates Section 205 of […]
The Federal Government has announced the removal of value-added tax (VAT) on a range of energy products, including diesel, Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG), and electric vehicles, as part of measures to lower costs and ease economic pressure. This announcement was made by the Minister of Finance and Coordinating Minister of the […]
The Nigerian National Petroleum Company Limited (NNPC) has released an updated breakdown of the estimated petrol price from its recent purchase from the Dangote Refinery. In its statement on Monday, NNPC confirmed paying for the September 2024 petrol offtake in US dollars, with Naira transactions set to start on October 1, 2024. The NNPC noted […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced that petrol sourced from the Dangote Refinery will be sold at prices exceeding ₦1,000 per litre in parts of northern Nigeria. In a statement issued on Monday titled ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing,’ NNPC spokesperson […]
In response to the recent fuel price hike, the National Association of Nigerian Students (NANS) has urged the federal government to raise student loans from ₦20,000 to ₦40,000 to alleviate the growing financial pressures on students. The call was made by NANS Senate President, Babatunde Akinteye, during a press conference in Abuja on Monday, where […]