• Buhari has not asked us to hike pump price – NNPC

    Buhari has not asked us to hike pump price – NNPC

    According to reports, the Nigerian National Petroleum Corporation (NNPC) says there is no plan to increase the price of premium motor spirit (PMS) above N145.

    The corporation said there was no time it met with President Muhammadu Buhari to push for a hike in the pump price to N150 per litre.

    “NNPC is not empowered statutorily to tinker with the pricing template of petroleum products as erroneously reported in some dailies,” it wrote on Twitter.

    “The price adjustment in NNPC downstream facilities from […]

  • Why we increased petrol pump price – NNPC explains

    Why we increased petrol pump price – NNPC explains

    According to reports, the Nigerian National Petroleum Corporation (NNPC) has provided a justification for its recent adjustment of petrol pump price at its retail outlets.

    The corporation also denied ever meeting with President Muhammadu Buhari to lobby for his approval of an increase in petrol pump prices.

    According to a statement from the corporation’s Group General Manager Public Affairs, Mallam Garba Deen Muhammad, on Monday in Abuja, the NNPC said there was no time its management met with Buhari to push for […]

  • NNPC stations increase fuel pump price

    NNPC stations increase fuel pump price

    It was gathered that the Nigerian National Petroleum Corporation (NNPC) has jerked up pump price of petrol at its retail outlets.

    Petrol was hitherto sold to the public at N141 at NNPC mega stations and the company’s affiliates across Nigeria.

    It would be recalled that the federal government fixed petroleum at maximum price of N145 in May.

    The NNPC, however, dispensed at N141, saying it was in line with making the product affordable.

    But since Tuesday November 1, NNPC mega stations started selling at […]

  • No hike in fuel pump price, says Kachikwu

    No hike in fuel pump price, says Kachikwu

    According to reports, the Minister of State for Petroleum, Dr. Emmanuel Ibe Kachikwu, has dismissed insinuations of any increment in the pump prices of Premium Motor Spirit, PMS, popularly called petrol.

    The dismissal came on the heels of widespread panic in Abuja yesterday that major petrol stations, including the retail outlets of the Nigerian National Petroleum Cooperation, NNPC, had jerked up their pump prices from the official N145 to N149 per litre.

    Kachikwu, who was approached by our reporter at the end […]

  • Petrol pump price drops to N140 per litre despite forex increase

    Petrol pump price drops to N140 per litre despite forex increase

    It was gathered that the pump price of Premium Motor Spirit (PMS), also known as petrol, has dropped to about N140 per litre in some retail outlets in Lagos against the official price of N145, according to enquiry.

    Although the Federal Government has not officially reduced the pump price of PMS, many filling stations in Lagos have decided to reduce it probably to attract more customers.

    A survey of some filling stations in the Lagos metropolis showed that PMS now sells between […]