Oil Marketers Show Support For Sale Of Nigerian Refineries
Oil marketers and industry stakeholders have thrown their weight behind the proposed sale of Nigeria’s refineries under the management of the Nigerian National Petroleum Company Limited, calling for transparency, inclusiveness, and accountability in the process. They noted that the sale or privatisation of the Port Harcourt, Warri, and Kaduna refineries, which have gulped trillions of […]
NNPCL Increases Pump Price Of Petrol In Abuja And Lagos
The Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja. The new price regime, effective from April 2, 2025, represents an increase of N65 from the previous price of N860 per litre in Lagos and a […]
NNPC Reduces Pump Price of Petrol to N860 per liter
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 ex-depot price, influencing market trends. As of the time of filing this report, there is […]
Warri Refinery Restarts Operations at 60% Capacity
President Bola Tinubu is joyful about the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited. In a statement by his media aide, Bayo Onanuga, the President described the move as another remarkable achievement in 2024 that has strengthened Nigerians’ hope in his administration. President Tinubu expressed confidence that […]
FG Denies Responsibility for Petrol Price Hike
Federal Government says it is not responsible for the recent hike in the pump price of petrol, as it can no longer fix prices of petroleum products. The Nigerian National Petroleum Company Limited had raised the pump price of petrol to over N1,000 across regions in the country, except for Lagos which is N998. Reacting […]