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DPR Seals 10 Filling Stations In Bauchi Over Illegal Price Hike

By Hassan Jirgi, Bauchi The Bauchi state Comptroller of the Department of Petroleum Resources (DPR), Engineer Abdullahi Iliyasu, has confirmed the sealing of over 10 filling stations in the state capital and Azare town for selling petroleum product above approved

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NNPC Says No Plan To Increase Petrol Price, Cautions Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol saying it has no plan to increase the ex-depot price in March. NNPC disclosed in a statement  by

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Kachikwu To Nigerians: We Have More Than Enough Fuel

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (PMS), also known as fuel in the country. Kachikwu in an Interview with newsmen in Lagos, said that the

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NNPC To Spend More On Fuel Subsidy

By Cyril Ogar The expected open market price (EOMP) of Premium Motor Spirit (petrol) being imported into Nigeria may have risen above N190 as crude oil prices climbed towards a four-year high of $75 per barrel, As of March 20,

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Osun, Abia, Benue pay highest petrol price in January – NBS

The National Bureau of State (NBS) said residents of Osun, Abia and Benue paid the highest average price for purchase of Premium Motor Spirit (PMS) popularly known as petrol in January. The NBS stated this in “Premium Motor Spirit (Petrol)

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NNPC confirms sack of officials, says replacements to be announced soon

The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed the disengagement of officials linked with missing 130 million liters of petrol. A high ranking source in the ministry, who did not wish to be named, made the confirmation to the

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Reps want fuel sold at N70 per litre

The House of Representatives on Tuesday urged the Petroleum Products Prices Regulatory Agency (PPPRA) to review the current price template for Premium Motor Spirit (PMS) with a view to reducing the price to N70. This followed the adoption of a

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We will save $10bn from importation of fuel yearly – President Buhari.

President Muhammadu Buhari on Saturday said Nigeria would be saving 10 billion Dollars annually from importation of petroleum products as the nation’s four refineries would soon be fully repaired. The president disclosed this in a nationwide broadcast to mark the

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Nigerians vow to fight fuel price hike

John Ameh, Fidelis Soriwei, Friday Olokor,Adelani Adepegba and Okechukwu Nnodim The Nigeria Labour Congress, Trade Union Congress, Afenifere, former federal lawmakers, security experts and rights activists, on Saturday vowed to resist any attempt by the President Muhammadu Buhari’s government to

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Fuel hike leads to 30% reduction in its consumption, FG admits

The deregulation of the downstream oil sector and the increase in the pump price of Premium Motor Spirit from N86.5 per litre to N145 have led to the reduction in the consumption of the product by 30 per cent across

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