The price of Premium Motor Spirit (petrol) may be on a downward slope if the crude oil prices continue to slip. It was reported that this will also be strengthened as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that …

The Nigerian National Petroleum Company Limited (NNPCL) has agreed to sell Premium Motor Spirit (petrol) to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) at N995 per litre. This followed the intervention of the Department of State Services (DSS) in the controversy between the two parties. The National Vice President of IPMAN, Hammed Fashola, told The PUNCH that …

The Situation Room on Energy Sustainability, a coalition of civil society organisations (CSOs), has commended the President of Dangote Group, Alhaji Aliko Dangote, on the commencement of Premium Motor Spirit (PMS) production in Nigeria for the first time in almost three decades by Dangote Refinery. In a statement by Dr. Ikenna Nnaji, the group described the milestone achievement as a …

The Federal Government has said it would convert 10 million Premium Motor Spirit (PMS) vehicles to Compressed Natural Gas (CNG) in the next 36 months. In a statement on Wednesday by the Spokesperson for the Minister of State Petroleum Resources (Gas), Louis Ibah, said the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, stated this while on a panel tagged …

Oyo State Governor, Engr. Seyi Makinde has explained what prompted the sacking of the former Chairman, Park Management System (PMS) in the state, Alhaji Mukaila Lamidi, )well known as Auxiliary), noting that it was to ensure that there are no two governments in the state. On Tuesday, the governor’s former Chief of Staff, Segun Ogunwuyi announced the dissolution of the …

The Federal Operations Unit, Zone A (FOU A) of the Nigeria Customs Service has said that it seized 93,102 bags of 50kg rice, which is equivalent to 156 trailer loads of the product. The unit also said that it seized 656,414 litres of Premium Motor Spirit (PMS), 108 automobiles comprising trucks, tankers, cars, and motorcycles, among other contrabands in 2022. …