diesel
1 day ago
Dangote Oil and Petroleum Refinery has once again slashed the prices of diesel and aviation fuel. Dangote on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre respectively. This latest round of reductions is coming about two weeks after the company slashed the price…
15 Apr
A chieftain of the All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has appealed to President Bola Tinubu to ensure the downward review of the current pump price of Automotive Gas Oil, popularly called (AGO), being produced by Dangote Petroleum Refinery.
27 Mar
The Nigerian National Petroleum Company (NNPC) Limited has denied speculations that it has adjusted the pump price of premium motor spirit (PMS), known as petrol, across its retail outlets. There have been speculations that NNPC had reduced the price of petrol from N568 to N560 per litre. Also, it was said that the NNPC had…
4 Jan
Nigeria spent N2.7 trillion to import premium motor spirit (PMS), diesel and jet fuel in the third quarter of 2023, data by the National Bureau of Statistics (NBS) have shown.
7 Oct 2023
Mr Clement Isong, the Chief Executive Officer of the Major Oil Marketers Association of Nigeria (MOMAN), has commended the Federal Government’s decision to remove Value Added Tax (VAT) on diesel for a period of six months.
28 Sep 2023
• FG to face another round of subsidy payment crisis The Federal Government will, in the coming weeks, incur more subsidy on premium motor spirit (PMS), otherwise called petrol, as the price of crude oil price, yesterday, jumped to a record high of $97 per barrel. Manufacturers and business owners may also witness an exponential…
27 Sep 2023
There are clear indications that more manufacturing companies and businesses in the country may shut down in the coming months due to the unabating energy crisis, which has now pushed diesel prices to over N1,100 per litre.