Rights activist and former presidential candidate of the African Action Congress, Omoyele Sowore has said that Premium Motor Spirit (popularly known as petrol or fuel) was not cheap before the removal of fuel subsidy by the Federal Government. In a post on his Facebook page Saturday night, Sowore said the term “subsidy removal” was being incorrectly put to push more …

Private Premium Motor Spirit (PMS) depots have crashed the prices of fuel amidst speculations of a rise to N700 per litre this month. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday denied plan by the association to increase the pump price of petrol to N700 per litre this month. On the contrary, The Nation confirmed that private depots …

Two hundred and seventy filling stations have been shut down for their involvement in diverse infractions such as hoarding, and selling Premium Motor Spirit (PMS) above-approved price, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This is as the Federal Government announced the deployment of operatives of the Department of State Services (DSS) on tankers transporting petrol …

Nigerians who have been paying – sometimes double the N165-per-litre official price – for Petroleum Motor Spirits (PMS) and sleeping at fuel stations should blame private depot owners for their nightmare. According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), some of the private depot owners had not reduced their ex-depot price for PMS, popularly known as “petrol”. IPMAN’s …