Category

Production

Will Tinubu administrtion end fuel subsidy controversy?

No policy in Nigeria’s petroleum industry has generated more controversy than subsidy removal. Since the return to democracy in 1999, it has defied ministers and even the entire lifespan of administrations.The argument is that the pump price of Premium…

We won’t fix petrol prices again – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS).Authority Chief Executive (ACE), Mr Farouk Ahmed, who said this at a news conference in …

New petrol price in force

A litre of petrol will cost, as of this Friday, with the entry into force of the new rate, that is 300 kwanzas (USD 0,51) per litre, against the previous 160 Kwanzas (roughly USD 0,27).The measure, announced on Thursday by the Executive, does not cover…