Premium Motor Spirit
The first sample of Premium Motor Spirit, has been displayed and presented by the Chairman of Dangote Group, Aliko Dangote, today at Ibeju-Lekki where the refinery is located. Making the broadcast at the 650,000 capacity refinery in Lagos State, Dangote appreciated the government of President Tinubu and made crude sell for naira which will […]
Controversies trail the removal of subsidy from Premium Motor Spirit, popularly known as fuel as Nigerian National Petroleum Company (NNPC) Ltd says it sells half the price of PMS landing cost. Some documents were earlier seen where subsidy was included in the budget, but the presidency refuted the claims that subsidy was gone. A […]
In line with President Bola Tinubu’s initiative of rolling out Compressed Natural Gas to help cushion the effect of fuel subsidy removal, the Nigerian National Petroleum Company Limited, NNPCL, has said more Gas stations will be open within a space of one year. Making the revelation, Managing Director of NNPCL Retail, Huub Stokman announced […]
The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Monday. Sylva’s remarks came as oil marketers stated that the supply hitches […]
The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit, known as petrol, available for Nigerians. This was disclosed on Thursday by Peter Afunanya, the Spokesman for DSS, while briefing journalists at its office in Abuja after […]
The Nigerian National Petroleum Company Limited, says it has two billion litres of Premium Motor Spirit, PMS, in stock. This is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. Adetunji said the stock of over two billion litres is equivalent to over 30 days of sufficiency. […]
The Federal Government has officially confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, fixed the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March. The new price, according to the PPPRA’s PMS guiding price, released to […]
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