In a bid to allay fears and quell speculation, the Nigerian National Petroleum Company (NNPC) Ltd. has issued a resolute statement assuring citizens of the country that there are no immediate plans for a hike in the cost of Premium…
NNPC Ltd assures of no rise in PMS price
In an official statement released on January 3, 2024, the Nigerian National Petroleum Company (NNPC) Ltd. sought to allay concerns over a potential surge in the cost of Premium Motor Spirit (PMS), more commonly known as petrol. According to a…
Rishi Sunak delays petrol car ban in major shift on green policies
Rishi Sunak has delayed a ban on new petrol and diesel cars in a major change to the government’s approach to achieving net zero by 2050. The prime minister announced exemptions and delays to several key green policies, alongside a…
Tinubu: We can’t continue as Father Xmas to other countries with subsidised petrol
President Bola Tinubu yesterday declared that Nigeria can’t continue as Father Christmas to neighbouring African countries by providing them subsidised petrol, adding that his administration took the right decision to remove the subsidy. The President, who was speaking at an…
Subsidy: NNPCL confirms petrol pump price increase
The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil firm, in a statement signed…
NPA expects 15 ships carrying petroleum products, others in Lagos
The Nigerian Ports Authority (NPA) is expecting 15 ships conveying petroleum products and other goods at the Lagos ports from January 13 to January 17. It listed the items expected at the port as bulk sugar, frozen fish, bulk wheat,…
Fuel scarcity: NUPENG gives marching order to tanker drivers, others
The Nigeria Union of Petroleum and Natural Workers, NUPENG, has directed members of the Petroleum Tanker Drivers, PTD, and others involved in the distribution of petrol and other products to be at their duty posts round the clock to ensure…
PPMC fixes ex-depot price of PMS at N138.62 per litre
The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre. PPMC disclosed this in a memo signed by its…
FG reduces petrol pump price to N121.50
The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, which is an agency of the Federal Government, disclosed this in…
London street to become first to ban all petrol and diesel cars (Metro)
Petrol and diesel cars will be banned from Barbican Estate’s Beech Street as it becomes Britain’s first zero emission street, the City of London Corporation (CLC) said. The city is working for Transport for London on plans to have no…
