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Tag: petrol pump price

Long Fuel Queues Return In Abuja, Environs

Nigerian National Petroleum Corporation's spokesman, Mr. Garba Muhammad
After weeks of respite, following more than three months of punishing petrol scarcity nationwide, long queues have appeared in Abuja and adjoining states. Efforts to get the authorities, including theRead More

FG Approves N3trn, 17.5% Of 2022 Budget To Sustain Subsidy

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed
To send supplementary appropriation to National Assembly Mandates finance ministry to reconcile payment with NNPC NLC knocks govt over 18-month timeline IPMAN wants dilapidated refineries fixed Fayemi: Only 8 statesRead More

NEC: Fuel Subsidy Stays For Now, But May Be Removed Before Year End

National Economic Council (NEC)
Says petrol costs 100% more in neighbouring countries Reveals that N2trn spent on subsidy in 2021 Accuses NNPC of failing to fund FAAC to the tune of N200bn monthly inRead More

NLC To Shut Down Economy From February 1 Over Petrol Price Hike

Nigeria Labour Congress (NLC)
he Nigeria Labour Congress (NLC), Wednesday, directed all its states organs to intensify mobilisation for next Thursday’s nationwide protest against the Nigerian Federal Government over its proposed increase in theRead More

OPEC+ May Stick To Planned Output Hike On Oil Price Rebound

Organisation of the Petroleum Exporting Countries (OPEC)
The Organisation of Petroleum Exporting Countries (OPEC) and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounceRead More

Oil Price Upswing Continues, Inches Closer To $75pb

Crude oil
The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as industry data pointed to a substantial decline in United States crude stockpiles coupled withRead More

Labour Warns NEC Against Endorsing Proposed N385 Petrol Price

Nigeria Labour Congress
Says govs’ recommendation anti-people The organised labour at the weekend cautioned the National Economic Council (NEC) against approving a recommendation by the Nigerian Governors’ Forum (NGF) seeking a N385 pumpRead More

Govs Okay Full Deregulation Of Petrol, N385 Pump Price

Nigeria Governors’ Forum (NGF)
Want three refineries privatised after rehabilitation Recommend purchase of buses to cushion effects of price increase Ahead of today’s Federation Accounts Allocations Committee (FAAC) meeting, the Nigeria Governors’ Forum (NGF)Read More

FG Mulls Extension of Petrol Parity Fund To Gas Supply Nationwide

Petroleum Products Pricing Regulatory Agency (PPPRA)
The Federal Government yesterday indicated that it is considering extending the current equalisation scheme in the petrol supply system in the country to the movement of gas across the countryRead More

Petrol Price: NNPC Douses Tension, Says No Increase Now

Nigerian National Petroleum Corporation (NNPC)
Declares it has no intention of pre-empting ongoing engagement with labour The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of petrol until theRead More