Thursday , February 2 2023

Tag Archives: fuel

FG reduces petrol pump price to N121.50 per litre

The Petroleum Products Pricing Regulatory Agency (PPPRA ) has announced the reduction of the pump price of the Premium Motor Spirit (PMS) to N121.50 from N123 per litre.   The PPPRA in its memo titled “A.4/9/017/C.2/IV/701 31“, also disclosed that the ex-depot price band is now N100. 13 and N108. 13 per litre while ex-depot for collection is N108. 78 and N111.78 …

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Fuel Price Increase: Court Stops NLC from Going on Strike

The National Industrial Court has stopped ‎the Nigerian Labour Congress and the Trade Union Congress from embarking on strike to protest last week’s increase in fuel price by the federal Government. Justice Babatunde Adejumo gave the restraining order following a suit by the Attorney General of the Federation. Justice Adejumo, held: “The defendants are hereby restrained from carrying out the …

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FG removes fuel subsidy, petrol to sell for N145 per litre

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Wednesday, said any Nigerian entity is now free to import petroleum products into the country, subject to existing quality specifications and other guidelines issued by regulatory agencies. Kachikwu pronouncement effectively ended the fuel subsidy regime. The minister said that all Oil marketers will be allowed to import the product on …

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