The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero has condemned the fuel pump price increase by NNPC Limited (NNPCL), noting that a registered private company should not dictate fuel prices for Nigerians. NNPCL raised the retail price of petrol to N1,030 from N897 per litre, across some of its retail outlets in the Federal Capital Territory, Abuja. …

The President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero has lamented that Nigerians have been suffering as a result of the hike in the price of fuel. He also described Nigerians as losers for adapting to the rise in fuel prices. Ajaero stated this during the 21st Daily Trust Dialogue themed “Tinubu’s Economic Reforms: Gainers and Losers. He, …

Another hike in the pump price of Premium Motor Spirit (popularly called petrol or fuel) is imminent, marketers warned on Sunday. They blame the situation on the increased cost of crude oil and depreciation of the Naira. Crude oil cost and the exchange rate account for over 80 per cent of the cost of PMS. Brent crude, the global benchmark …

The President of, Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that apart from international pricing, extortion by security agencies, such as the Department of State Services (DSS), Police and arbitrary levies by government agencies were responsible for the recent increase in fuel price from N537 to N617. The National President of the association, Mr Chinedu Okoronkwo, made the …

The price of Petrol has increased to about N617 per litre. A visit by Daily Trust to an NNPC filling station in the Central area of Abuja confirmed that the fuel price has now been adjusted from N539 to N617 per litre. Another customer, who confirmed this development, simply said: “It is true, I just bought at N617 per litre”, …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that it plans to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. IPMAN Chairman for South West zone, Alhaji Dele Tajudeen told the News Agency of Nigeria in Ibadan on Friday that the price of the product would not be …

The Federal Government has denied issuing any orders to marketers to raise the pump price of petrol from N180 per litre to N195. This denial was made a day after petrol prices were increased by retailers in response to a memo from the Federal Government-owned NNPC Retails Limited. Despite the hike in rate, the queues are still seen at petrol …

Officially, the price of petrol is now N185 per litre, up from N170/litre. The increase takes immediate effect. In the new price regime, the ex-depot price also shot up from N148/litre to N167. But the product – officially known as Premium Motor Spirits (PMS) – has largelly been sold for between N200/litre and N300, and even much more in most …

Residents of the Bayelsa State capital, Yenagoa, and its environs have been lamenting the high cost of the pump price of petrol in the state. Although some major marketers charge N250 for a litre of fuel, others charge N350 and N380 as customers arrive at the filling stations with various-sized jerrycans. Only the filling station of the NNPC Limited along …

The Nigerian National Petroleum Company (NNPC) Limited has said that it has no hand in the decision of oil marketers to increase petrol pump price. Reports on Monday evening claimed that NNPC issued a notice to oil marketers, approving an upward review in the pump price from N165 per litre to N179 per litre as well as the ex-depot price …