Tag: Petrol
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Petrol Hits N1,230 As Dollar Pricing, Crude Oil Surge Drive Fresh Hike
By Opeyemi Adelakun Motorists across Nigeria are paying up to N1,230 per litre for Premium Motor Spirit (PMS) following a fresh increase in petrol prices triggered by the Dangote Petroleum Refinery’s dollar-based sales to marketers and rising global crude oil prices linked to renewed tensions in the Middle East. The latest price adjustment has pushed…
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Marketers Project Petrol Below N800, Seek Return of Import Licences
By Opeyemi Adelakun Independent petroleum marketers have projected that the pump price of Premium Motor Spirit (PMS), popularly known as petrol, could fall below N800 per litre if operators are allowed to resume fuel importation and market competition is fully strengthened. The position emerged on Monday as the Federal Government convened a high-level meeting with…
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Petrol, Diesel Prices Begin to Drop as Crude Oil Retreats After Middle East Tensions Ease
By Opeyemi Adelakun Fuel prices have started to decline across parts of Nigeria following a drop in global crude oil prices triggered by the easing of tensions in the Middle East. The development comes after the Dangote Petroleum Refinery reduced its petrol gantry price by ₦75 per litre and cut diesel and aviation fuel prices…
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Petrol May Hit ₦2,000 Per Litre, TUC Warns
By Editor Drealomalicha Emmanuella The Trade Union Congress of Nigeria (TUC) has warned that the price of petrol could surge to as high as ₦2,000 per litre if urgent steps are not taken to address mounting economic pressures. Speaking to journalists on Thursday, the TUC President, Festus Osifo, urged the Federal Government to act swiftly…
