Tags : Fuel

Fuel Tanker Explodes At Oshodi-Apapa Expressway

A tanker fully loaded with Premium Motor Spirit exploded on Thursday, January 7, 2021, at Toyota Bus stop, Oshodi-Apapa Expressway in Lagos State. Channels TV reports that Officials of the Lagos State Traffic Management Authority were also on ground to divert vehicles to alternative routes. Videos were shared by social media users who urged motorists […]

New Fuel Price and its downstream implications for Nigerians

Some days ago, the Petroleum Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, which currently imports almost all of Nigeria’s petrol announced that it has adjusted the ex-depot price of Premium Motor Spirit, also known as petrol, from ₦147.67 to ₦155.17. According to PREMIUM TIMES, a memo signed on Wednesday, […]

FG Links Petrol Price Increase To COVID-19 Vaccine Discovery

The recent upwards shot in petrol pump price, from N158 to N168, has been attributed to the announcement of a possibility of having a vaccine for the Novel Coronavirus (COVID-19) Pandemic soon. The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this while addressing State House Correspondents on Monday, November 16, 2020, after […]

Oyo APC Leadership Lauds FG Over Increase In Fuel Price

Leaders of the All Progressive Congress (APC) in Oyo State have backed the recent increase in the price of petrol from ₦149 to ₦151. 56k announced by the Federal Government. While speaking with BCOS News on the development, some Leaders of the Party stated that even though it may be difficult for Nigerians at this […]

NNPC Retail Stations To Begin Sale Of Fuel At ₦125

The Nigerian National Petroleum Corporation (NNPC) has said that its retail stations will begin to sell fuel at the adjusted price of ₦125 per litre beginning from Thursday, March 19, 2020.  This is in line with the Federal Government’s directive ordering the NNPC to adjust the price of fuel to reflect global market realities. Speaking […]