The average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, increased to ₦147.50 in November 2018 from ₦147.20 in October 2018, the Nigeria Bureau of Statistic, NBS report has shown. This showed an increase of 1.3 percent year-on-year and 0.2 percent month-on-month. According to the report of the NBS, Premium […]
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Nigeria Union of Petroleum and Natural Gas Workers, NUPENG and its Petroleum and Natural Gas Senior Association, PENGASSAN, have threatened to shut down the nation’s Petroleum industry of alleged plans to sack thousands of workers from its operations nationwide. Leaders of NUPENG and PENGASSAN have already directed their members nationwide to prepare to withdraw their […]
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Efforts to ensure that marketers adhere to the approved retail price of petrol received a boost as the Department of Petroleum Resources (DPR) yesterday, sealed three filling stations in Ibeju Lekki and Epe in Lagos for hoarding fuel and selling above pump price. Chief Mechanical Engineer of DPR, Mr Igheghe Abel, who led the inspection […]
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Despite the low number of filling stations selling petrol at the approved retail price of ₦145 per litre, most motorists have pitched their tents with such marketers. Findings by Daily Sun revealed that most major marketers are recording increased sales as motorists prefer to buy from them rather than independent marketers. The Forte Oil on […]
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The House of Representatives yesterday urged the Ministry of Petroleum Resources and the Petroleum Products Price Regulatory Agency ( PPPRA) to review the current price template for petrol with a view to bringing it down. The Green Chamber was of the opinion that Nigerians are being made to pay for unnecessary costs attached to petrol […]
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Organised Labour, made up of the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) and their civil society allies has given the Federal Government till 12 midnight of Tuesday, 17th May, to revert to the old pump price of petrol or face a nationwide shut down if the economy, The Nation […]
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