Dangote Petroleum Refinery has dismissed reports suggesting that the recent reduction in pump prices by oil marketers resulted from the suspension of a 15 per cent import tariff on premium motor spirit (PMS) and automotive gas oil (diesel), describing the Read More
NNPC reduces petrol pump price to N860/litre
The Nigerian National Petroleum Company Limited (NNPC) has reduced its pump price of Premium Motor Spirit (PMS), also known as petrol, from N945 to N860 per liter. This adjustment comes a few days after the Dangote Petroleum Refinery lowered its Read More
Why we increased PMS price — Dangote Refinery
The management of Dangote Refinery has said the recent adjustment in its ex-depot price of Premium Motor Spirit (PMS), otherwise known as petrol, is directly related to the significant increase in global crude oil prices. The refinery had raised its Read More
Dangote reduces petrol price by N70, sells to marketers at N900/litre
Dangote Petroleum Refinery on Thursday reduced the price of its Premium Motor Spirit (PMS) product to N900 per litre, calling it a “Holy Bonanza.” This will be the second time the 650,000 barrel-per-day refinery has reduced its wholesale price, following Read More
Port Harcourt Refinery to sell PMS at N1,030 — PETROAN
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced that the Port Harcourt Refinery will sell premium motor spirit (PMS) at N1,030 per litre. The association confirmed that the refinery is operational, as claimed by the Nigerian Read More
How FG, state governments can cushion impacts of subsidy removal
Unlike countries with diversified energy sources or reliable electricity, most Nigerians rely on Premium Motor Spirit (PMS) for transportation and off-grid electricity. This high demand creates a spiral effect when there’s a challenge with the supply or price of PMS. Read More
Oil regulator blames marketers, disburses N58b bridging claims
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday, in Abuja, said marketers of Premium Motor Spirit (PMS) have a hand in the delayed payment for petroleum equalisation. The post Oil regulator blames marketers, disburses N58b bridging claims appeared Read More