Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday, appealed to the Nigeria Labour Congress (NLC) not to embark on its proposed nationwide strike on fuel subsidy removal slated for Wednesday, saying President Bola Tinubu means well for the country’s economy. The Governor, who implored labour leaders to exercise patience on its proposed planned strike, urged the Labour leaders not to …

The Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari has given assurances that competition among major players in the oil sector would force down the price of petrol in spite of the upward trends that have caused panic in the country. Yesterday, fuel price skyrocketed from N195 per litre (officially) to between N488 and N557 per litre, depending …

The Federal Government and organised labour could not reach a consensus in their discussion last night on the hike of petrol pump price, which became effective yesterday. According to the new price template release by the NNPC Limited, Premium Motor Spirit (better known as petrol) will now sell for between N488 and N557, depending on the location. The old rate was …

Oil marketers claimed on Tuesday that numerous depots had ceased filling up with Premium Motor Spirit (PMS), because of the uncertainty brought on by the compilation of general election results nationwide. While filling stations operated by major marketers and the NNPC Limited were selling petrol between N194 and N200/litre, other outlets operated by independent marketers dispensed the product between N250 …

The Federal Government has accused the rising cost of petrol on the rush by petroleum marketers to make illicit profits from the hardship of Nigerians. Minister of State for Petroleum Resources, Chief Timipre Sylva, who stated this to State House Correspondents after the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, also lamented the hardship the situation had …

The Minister of State for Petroleum Resources, Chief Timipre Sylva declared on Monday that he would be okay as a private citizen to buy a litre of Premium Motor Spirit (PMS), popularly called petrol, at N300 per litre. made the comment While presenting President Muhammadu Buhari’s scorecard in the petroleum sector under the media series organised by the Federal Ministry …

The Trade Union Congress of Nigeria has asked the Federal Government to make petrol available at the official pump price of 180/litre, saying Nigerians cannot continue to pay for the product at higher prices. In a New Year message made available to our correspondent in Abuja, the labour union stated that the year 2022 was quite challenging on virtually all …

Oil marketers on Sunday said that the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Marketers said that the products should be dispensed at the regulated rate of N148/litre to help address the scarcity of Premium Motor Spirit (popularly called …

The realistic pump price of Premium Motor Spirits (popularly known as petrol) is between N200 and N210 per litre, according to the National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi. This is as the stock of petrol by the Nigerian National Petroleum Company Limited (NNPCL) has dipped by 5,481,239 litres, going by industry …