AGS NEWS – The landing cost of petrol in Nigeria has dropped to N981 per litre, according to data from the Major Energies Marketers Association of Nigeria (MEMAN). This is a decrease from the previous cost of N1,130 per litre, … Continue reading Petrol landing cost drops to N981/litre
AGS NEWS – The National Bureau of Statistics (NBS) reported a significant increase in the average price of Premium Motor Spirit (PMS), or petrol, which rose by 223.21% to approximately ₦770 per litre in May 2024, up from ₦238.11 per … Continue reading Petrol price rose by 223%, sold at N770 per litre in May – NBS
Petroleum product depots across the country are currently experiencing reduced activity due to a scarcity of products caused by foreign exchange rate fluctuations. Oil marketers warn that the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has … Continue reading Fuel depots deserted as landing cost of petrol reaches N720/litre
Oil marketers have disclosed that the introduction of a 7.5 percent Value Added Tax (VAT) on Automotive Gas Oil (diesel) and the ongoing foreign exchange crisis in Nigeria have led to a significant increase in diesel prices. The cost of … Continue reading Diesel price hits N950 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over a potential surge in the price of Premium Motor Spirit (PMS) to around N750 per litre. Chinedu Ukadike, the national spokesperson for IPMAN, expressed this apprehension during an … Continue reading IPMAN warns of possible increase in petrol pump price to N750 per litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted reports suggesting that its members are preparing to raise the price of Premium Motor Spirit (PMS), commonly known as petrol, to N700 per litre nationwide. Dele Tajudeen, the Chairman of … Continue reading No plans to raise petrol pump price to N700 per litre – IPMAN
The Nigerian National Petrol Company (NNPC) has officially announced an increase in petrol prices following President Bola Tinubu’s declaration of an end to subsidies. Mele Kyari, the first group CEO of NNPC, explained that the price hike is a result … Continue reading Kyari: Nigerians are lucky petrol price remains below N1000 per litre
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