Dangote Says PMS to Sell Below N740/Litre as Refinery Cuts Price President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has announced a further reduction in the pump price of Premium Motor Spirit (PMS), saying petrol will sell at no more than N740 per litre from today, beginning with Lagos. Dangote made
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Dangote Declares Fuel Queues ‘Gone Forever’, Says Refinery Ready to Supply 50m Litres Daily President of the Dangote Group, Alhaji Aliko Dangote, on Friday assured Nigerians that the era of petrol scarcity and long fuel queues “is gone forever,” as the Dangote Refinery begins sustained supply of Premium Motor Spirit (PMS) to the domestic
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NNPC Ltd Welcomes Removal of Fuel Subsidy, Assures Sufficiency The Nigerian National Petroleum Company Limited (NNPC Ltd) says the decision to remove subsidy on Premium Motor Spirit (PMS) known as fuel by President Bola Tinubu is a welcome development. Malam Mele Kyari, Group Chief Executive Officer (GCEO), NNPC Ltd. made this known at the NNPC
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Commuters Groan as Petrol Hits N300/Litre in Ibadan Residents of Ibadan, the capital of Oyo State, are currently facing difficulties due to a shortage of Premium Motor Spirit (PMS), also known as petrol. This shortage has been ongoing for several weeks in Ibadan and other parts of the country. The situation has become more dire
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Customs Generates N38.5m revenue in Ogun The Nigeria Customs Service (NCS), Ogun 1 Area Command, says it generated N38.5 million in the third quarter of 2022. The Area Comptroller, Bamidele Makinde, made this known in a statement issued on Saturday. Makinde said that the revenue was from import duties and auction sales of petroleum products
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Buhari Approves Upward Review of Oil Transporters Freight Rate President Muhammadu Buhari has approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of Premium Motor Spirit (PMS) nationwide. The revised freight rate of PMS, otherwise known as petrol, took effect from June 1while still maintaining the current
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