Petrol – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 26 May 2026 13:39:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Petrol – InfoStride News https://www.theinfostride.com 32 32 Lagos Leads Petrol Distribution in June, Jigawa Records Lowest Supply https://www.theinfostride.com/lagos-leads-petrol-distribution-in-june-jigawa-records-lowest-supply/ https://www.theinfostride.com/lagos-leads-petrol-distribution-in-june-jigawa-records-lowest-supply/#respond Tue, 26 May 2026 13:45:03 +0000 https://www.theinfostride.com/?p=464898 Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Lagos State recorded the highest volume of Premium Motor Spirit (PMS) distribution in June 2025, while Jigawa State ranked lowest among all states. The figures, which reflect nationwide fuel distribution patterns, show significant disparities in consumption levels across regions, underscoring differences [...]

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]]> https://www.theinfostride.com/lagos-leads-petrol-distribution-in-june-jigawa-records-lowest-supply/feed/ 0 Petrol Dealers Slash Prices Below Dangote Refinery’s Cost Amid Market Uncertainty https://www.theinfostride.com/petrol-dealers-slash-prices-below-dangote-refinerys-cost-amid-market-uncertainty/ https://www.theinfostride.com/petrol-dealers-slash-prices-below-dangote-refinerys-cost-amid-market-uncertainty/#respond Mon, 25 May 2026 12:26:59 +0000 https://www.theinfostride.com/?p=463552 Amid growing market turbulence and intensifying competition, independent petroleum marketers across Nigeria have started slashing petrol prices below the cost price reportedly offered by the Dangote Petroleum Refinery. The move, which has sparked wide industry debate, is driven largely by weakening consumer demand, high operational costs, and the struggle to maintain market share. In major [...]

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]]> https://www.theinfostride.com/petrol-dealers-slash-prices-below-dangote-refinerys-cost-amid-market-uncertainty/feed/ 0 Petrol consumption hits 4.93 billion litres in Q1 https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/ https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/#respond Mon, 20 Apr 2026 11:06:34 +0000 https://www.theinfostride.com/?p=482179 Nigeria’s petrol consumption reached an estimated 4.93 billion litres in the first quarter of the year, highlighting the country’s continued reliance on Premium Motor Spirit (PMS) as a primary energy source for transportation and power generation. The figure, which reflects nationwide demand over a three-month period, underscores both the scale of domestic fuel usage and [...]

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]]> https://www.theinfostride.com/petrol-consumption-hits-4-93-billion-litres-in-q1/feed/ 0 Petrol Hits N1,400/Litre, Diesel N1,750 After Dangote Refinery Price Hike https://www.theinfostride.com/petrol-hits-n1400-litre-diesel-n1750-after-dangote-refinery-price-hike/ https://www.theinfostride.com/petrol-hits-n1400-litre-diesel-n1750-after-dangote-refinery-price-hike/#respond Tue, 10 Mar 2026 11:00:26 +0000 https://www.theinfostride.com/?p=479267 The price of Premium Motor Spirit (PMS), popularly known as petrol, has risen to about N1,400 per litre, while Automotive Gas Oil (diesel) has climbed to around N1,750 per litre at several filling stations following a fresh gantry price increase by the Dangote Refinery. The refinery on Monday raised its gantry price to N1,175 per [...]

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]]> https://www.theinfostride.com/petrol-hits-n1400-litre-diesel-n1750-after-dangote-refinery-price-hike/feed/ 0 Dangote Refinery Announces New Petrol Price of ₦739 Per Litre https://www.theinfostride.com/dangote-refinery-announces-new-petrol-price-of-%e2%82%a6739-per-litre/ https://www.theinfostride.com/dangote-refinery-announces-new-petrol-price-of-%e2%82%a6739-per-litre/#respond Tue, 16 Dec 2025 14:21:56 +0000 https://www.theinfostride.com/?p=473597 Dangote Petroleum Refinery has announced a new ex-depot petrol price of ₦739 per litre, marking another adjustment in the domestic fuel market as stakeholders continue to navigate the realities of deregulation, exchange rate pressures, and rising operational costs. Reports by Punch and other Nigerian news outlets indicate that the price review reflects prevailing market conditions [...]

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]]> https://www.theinfostride.com/dangote-refinery-announces-new-petrol-price-of-%e2%82%a6739-per-litre/feed/ 0 Pump Prices Ease Nationwide as Dangote Refinery Cuts Petrol Cost by 15 Per Cent https://www.theinfostride.com/pump-prices-ease-nationwide-as-dangote-refinery-cuts-petrol-cost-by-15-per-cent/ https://www.theinfostride.com/pump-prices-ease-nationwide-as-dangote-refinery-cuts-petrol-cost-by-15-per-cent/#respond Sun, 14 Dec 2025 13:53:32 +0000 https://www.theinfostride.com/?p=473474 There was widespread relief across the country as the Dangote Petroleum Refinery announced a 15 per cent reduction in the ex-depot price of Premium Motor Spirit, bringing the cost down to N699 per litre. Reports by Punch and other Nigerian news outlets indicate that the price cut is expected to ease pressure on consumers and [...]

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]]> https://www.theinfostride.com/pump-prices-ease-nationwide-as-dangote-refinery-cuts-petrol-cost-by-15-per-cent/feed/ 0 828m litres of petrol imported to avert nationwide shortage https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/ https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/#respond Mon, 01 Dec 2025 16:57:02 +0000 https://www.theinfostride.com/?p=472677 Nigeria has moved to prevent a looming fuel scarcity by bringing in 828 million litres of petrol, a major intervention aimed at stabilising supply across the country and ensuring uninterrupted distribution during the festive and early-year consumption spikes. Officials confirmed that the massive importation was undertaken to avert disruptions caused by logistical delays, vessel scheduling [...]

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]]> https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/feed/ 0 Dangote refinery pledges 1.5bn litres of petrol monthly https://www.theinfostride.com/dangote-refinery-pledges-1-5bn-litres-of-petrol-monthly/ https://www.theinfostride.com/dangote-refinery-pledges-1-5bn-litres-of-petrol-monthly/#respond Mon, 01 Dec 2025 16:54:43 +0000 https://www.theinfostride.com/?p=472675 The Dangote Petroleum Refinery has committed to supplying 1.5 billion litres of petrol every month as part of efforts to stabilise Nigeria’s fuel market, reduce dependence on imports and ensure consistent nationwide availability. The pledge marks a major milestone in the refinery’s operational rollout and signals its intention to play a central role in reshaping [...]

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]]> https://www.theinfostride.com/dangote-refinery-pledges-1-5bn-litres-of-petrol-monthly/feed/ 0 15% Tariff: Nigerians to Pay ₦1tn Extra for Petrol Annually https://www.theinfostride.com/15-tariff-nigerians-to-pay-%e2%82%a61tn-extra-for-petrol-annually/ https://www.theinfostride.com/15-tariff-nigerians-to-pay-%e2%82%a61tn-extra-for-petrol-annually/#respond Wed, 05 Nov 2025 16:20:56 +0000 https://www.theinfostride.com/?p=470872 Nigerians may spend an additional ₦1 trillion yearly on petrol consumption following the Federal Government’s decision to introduce a 15 percent import tariff on Premium Motor Spirit (PMS), according to industry stakeholders and economists who warn that the new policy could heighten inflationary pressures and worsen the cost of living. The tariff, announced as part [...]

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]]> https://www.theinfostride.com/15-tariff-nigerians-to-pay-%e2%82%a61tn-extra-for-petrol-annually/feed/ 0 Petrol Dominates Nigeria’s Imports with 613.6 Million Litres in One Year https://www.theinfostride.com/petrol-dominates-nigerias-imports-with-613-6-million-litres-in-one-year/ https://www.theinfostride.com/petrol-dominates-nigerias-imports-with-613-6-million-litres-in-one-year/#respond Tue, 21 Oct 2025 14:26:23 +0000 https://www.theinfostride.com/?p=469654 Petrol has emerged as Nigeria’s leading import commodity, with the nation importing an estimated 613.6 million litres of Premium Motor Spirit (PMS) within a single year, according to recent trade and customs data. The staggering volume highlights the country’s continued dependence on imported refined petroleum products despite having one of Africa’s largest crude oil reserves [...]

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]]> https://www.theinfostride.com/petrol-dominates-nigerias-imports-with-613-6-million-litres-in-one-year/feed/ 0 Dangote Confirms Over 310 Million Litres of Petrol Ready for Loading https://www.theinfostride.com/dangote-confirms-over-310-million-litres-of-petrol-ready-for-loading/ https://www.theinfostride.com/dangote-confirms-over-310-million-litres-of-petrol-ready-for-loading/#respond Mon, 20 Oct 2025 15:44:18 +0000 https://www.theinfostride.com/?p=469564 The Dangote Petroleum Refinery has announced that more than 310 million litres of Premium Motor Spirit (PMS), commonly known as petrol, are now available and ready for loading as part of the facility’s phased distribution rollout. The company disclosed that this development marks a significant step toward achieving Nigeria’s goal of domestic self-sufficiency in refined [...]

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]]> https://www.theinfostride.com/dangote-confirms-over-310-million-litres-of-petrol-ready-for-loading/feed/ 0 Marketers Confirm 600 Million-Litre Petrol Lifting Target from Dangote Refinery https://www.theinfostride.com/marketers-confirm-600-million-litre-petrol-lifting-target-from-dangote-refinery/ https://www.theinfostride.com/marketers-confirm-600-million-litre-petrol-lifting-target-from-dangote-refinery/#respond Sat, 18 Oct 2025 17:58:29 +0000 https://www.theinfostride.com/?p=469405 Petroleum marketers across Nigeria have confirmed that the Dangote Petroleum Refinery has set a lifting target of about 600 million litres of petrol as part of its latest supply round, signaling a significant step in the company’s gradual integration into the nation’s downstream market.The confirmation comes amid growing anticipation for the full rollout of locally [...]

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]]> https://www.theinfostride.com/marketers-confirm-600-million-litre-petrol-lifting-target-from-dangote-refinery/feed/ 0 Dangote Rejects Claims of Selling Petrol Cheaper in Togo Than in Nigeria https://www.theinfostride.com/dangote-rejects-claims-of-selling-petrol-cheaper-in-togo-than-in-nigeria/ https://www.theinfostride.com/dangote-rejects-claims-of-selling-petrol-cheaper-in-togo-than-in-nigeria/#respond Tue, 16 Sep 2025 07:22:12 +0000 https://www.theinfostride.com/?p=466672 Dangote Petroleum Refinery has firmly denied allegations that it sells petrol at lower prices in Togo than within Nigeria, calling such claims misleading and part of a broader attempt by some oil marketers to undermine its free distribution initiative. The controversy has prompted responses from several stakeholder groups, and Dangote says it is committed to [...]

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]]> https://www.theinfostride.com/dangote-rejects-claims-of-selling-petrol-cheaper-in-togo-than-in-nigeria/feed/ 0 Dangote Refinery Refutes Shutdown Claims, Confirms Supplying 40m Litres Daily https://www.theinfostride.com/dangote-refinery-refutes-shutdown-claims-confirms-supplying-40m-litres-daily/ https://www.theinfostride.com/dangote-refinery-refutes-shutdown-claims-confirms-supplying-40m-litres-daily/#respond Sat, 09 Aug 2025 18:18:35 +0000 https://www.theinfostride.com/?p=464516 Dangote Petroleum Refinery has dismissed widespread rumours suggesting it has halted operations, insisting that its facility remains fully functional and continues to produce and supply petroleum products at full capacity. In a statement issued on Saturday, the refinery management described the shutdown claims as “baseless and misleading,” assuring stakeholders and the public that the refinery [...]

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]]> https://www.theinfostride.com/dangote-refinery-refutes-shutdown-claims-confirms-supplying-40m-litres-daily/feed/ 0 Petrol Price Approaches ₦900 Per Litre Amid Anticipated OPEC+ Output Expansion https://www.theinfostride.com/petrol-price-approaches-%e2%82%a6900-per-litre-amid-anticipated-opec-output-expansion/ https://www.theinfostride.com/petrol-price-approaches-%e2%82%a6900-per-litre-amid-anticipated-opec-output-expansion/#respond Mon, 04 Aug 2025 10:35:34 +0000 https://www.theinfostride.com/?p=463930 The cost of Premium Motor Spirit (PMS), commonly known as petrol, is on the verge of hitting ₦900 per litre across Nigeria, as global oil dynamics tighten and the Organization of the Petroleum Exporting Countries and its allies (OPEC+) signal a fresh phase of production hikes. Fuel marketers in major cities including Lagos, Abuja, Port [...]

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]]> https://www.theinfostride.com/petrol-price-approaches-%e2%82%a6900-per-litre-amid-anticipated-opec-output-expansion/feed/ 0 Fuel Marketers Caution Against Supply Disruption Amid Dangote’s Direct Distribution Plans https://www.theinfostride.com/fuel-marketers-caution-against-supply-disruption-amid-dangotes-direct-distribution-plans/ https://www.theinfostride.com/fuel-marketers-caution-against-supply-disruption-amid-dangotes-direct-distribution-plans/#respond Fri, 01 Aug 2025 12:26:21 +0000 https://www.theinfostride.com/?p=463735 Fuel marketers in Nigeria have expressed deep concerns over the potential market disruptions that could arise from Dangote Refinery’s reported plan to bypass the traditional distribution structure and supply fuel directly to select retailers and end users. The move, they warn, could destabilize existing distribution chains, create unfair market advantages, and put thousands of independent [...]

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]]> https://www.theinfostride.com/fuel-marketers-caution-against-supply-disruption-amid-dangotes-direct-distribution-plans/feed/ 0 Naira-for-Crude: Petrol Price Hike Looms as Talks Drag, Imports Rise https://www.theinfostride.com/naira-for-crude-petrol-price-hike-looms-as-talks-drag-imports-rise/ https://www.theinfostride.com/naira-for-crude-petrol-price-hike-looms-as-talks-drag-imports-rise/#respond Wed, 23 Jul 2025 22:00:50 +0000 https://www.theinfostride.com/?p=406640 Nigerians may soon face another increase in petrol prices as negotiations over the proposed naira-for-crude oil exchange drag on, leading to a surge in fuel imports. The prolonged discussions have created uncertainty in the downstream sector, with marketers warning that continued reliance on expensive imports could push pump prices higher. The naira-for-crude policy, introduced as [...]

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]]> https://www.theinfostride.com/naira-for-crude-petrol-price-hike-looms-as-talks-drag-imports-rise/feed/ 0 Rainoil launches ten new fuel stations to expand its retail network https://www.theinfostride.com/rainoil-launches-ten-new-fuel-stations-to-expand-its-retail-network/ https://www.theinfostride.com/rainoil-launches-ten-new-fuel-stations-to-expand-its-retail-network/#respond Tue, 15 Jul 2025 08:41:18 +0000 https://www.theinfostride.com/?p=462052 Rainoil Limited, one of Nigeria’s leading privately-owned petroleum downstream companies, has officially inaugurated ten new fuel service stations as part of its ongoing strategy to deepen market presence and enhance customer convenience. The move marks a significant expansion of the company’s network, reflecting its commitment to improving fuel accessibility and supporting national economic growth. The [...]

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]]> https://www.theinfostride.com/rainoil-launches-ten-new-fuel-stations-to-expand-its-retail-network/feed/ 0 Yuletide: Customs Auctions Seized Petrol to Ease Transportation https://www.theinfostride.com/yuletide-customs-auctions-seized-petrol-to-ease-transportation/ https://www.theinfostride.com/yuletide-customs-auctions-seized-petrol-to-ease-transportation/#respond Tue, 31 Dec 2024 00:42:03 +0000 https://www.theinfostride.com/?p=399364 In a bid to alleviate transportation challenges during the festive season, the Nigeria Customs Service (NCS) has announced the auction of seized petrol. The decision comes as part of efforts to stabilize fuel supply and reduce the burden of high transportation costs, which tend to spike during the yuletide period. A spokesperson for the NCS [...]

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]]> https://www.theinfostride.com/yuletide-customs-auctions-seized-petrol-to-ease-transportation/feed/ 0 Petrol Price Reduction Reflects Market Dynamics – Dangote https://www.theinfostride.com/petrol-price-reduction-reflects-market-dynamics-dangote/ https://www.theinfostride.com/petrol-price-reduction-reflects-market-dynamics-dangote/#respond Mon, 30 Dec 2024 22:27:54 +0000 https://www.theinfostride.com/?p=399318 Dangote Refinery has announced a reduction in petrol prices, attributing the adjustment to current market conditions. The company stated that the move aligns with its commitment to providing competitive pricing while responding to fluctuations in global oil prices and domestic economic realities. In a recent statement, a representative from Dangote Refinery emphasized that the decision [...]

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]]> https://www.theinfostride.com/petrol-price-reduction-reflects-market-dynamics-dangote/feed/ 0 Petrol Landing Cost Drops to N971 per Litre – Report https://www.theinfostride.com/petrol-landing-cost-drops-to-n971-per-litre-report/ https://www.theinfostride.com/petrol-landing-cost-drops-to-n971-per-litre-report/#respond Mon, 11 Nov 2024 13:23:53 +0000 https://www.theinfostride.com/?p=393577 A recent report indicates a significant drop in the landing cost of petrol in Nigeria, with figures falling to N971 per litre. This decrease in cost is largely attributed to shifts in the global oil market and recent adjustments in exchange rates. However, the implications for consumers remain uncertain, as fuel pricing within Nigeria continues [...]

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]]> https://www.theinfostride.com/petrol-landing-cost-drops-to-n971-per-litre-report/feed/ 0 Dangote Refinery Begins Direct Petrol Sale to Marketers https://www.theinfostride.com/dangote-refinery-begins-direct-petrol-sale-to-marketers/ https://www.theinfostride.com/dangote-refinery-begins-direct-petrol-sale-to-marketers/#respond Thu, 24 Oct 2024 10:16:00 +0000 https://www.theinfostride.com/?p=391815 The Dangote Refinery has officially commenced the direct sale of petrol to petroleum marketers, marking a significant shift in Nigeria’s downstream oil sector. This development comes as part of the Federal Government’s ongoing efforts to deregulate the oil industry, reduce the monopoly of the Nigerian National Petroleum Company Limited (NNPCL), and promote a more competitive [...]

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]]> https://www.theinfostride.com/dangote-refinery-begins-direct-petrol-sale-to-marketers/feed/ 0 High Petrol Prices Push Inflation to 32.70% – Report https://www.theinfostride.com/high-petrol-prices-push-inflation-to-32-70-report/ https://www.theinfostride.com/high-petrol-prices-push-inflation-to-32-70-report/#respond Wed, 16 Oct 2024 13:23:22 +0000 https://www.theinfostride.com/?p=391126 Nigeria’s inflation rate has soared to 32.70% in September 2024, largely driven by the skyrocketing cost of petrol and other fuel products, according to the latest report from the National Bureau of Statistics (NBS). This marks a significant increase from the 30.80% recorded in August and continues the upward trend that has plagued the country [...]

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]]> https://www.theinfostride.com/high-petrol-prices-push-inflation-to-32-70-report/feed/ 0 Dangote’s Petrol Will Improve Engine Efficiency And Power – Charly Boy https://www.theinfostride.com/dangotes-petrol-will-improve-engine-efficiency-and-power-charly-boy/ https://www.theinfostride.com/dangotes-petrol-will-improve-engine-efficiency-and-power-charly-boy/#respond Wed, 11 Sep 2024 12:00:17 +0000 https://www.theinfostride.com/?p=388961 Popular activist, Charly Boy has come out to explain why Dangote’s fuel is the best form of petrol. He recently had his say via his social media page, and fans have been reacting. According to him, the fuel appears white because ethanol was used for its production, and ethanol goes a long way in improving [...]

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]]> https://www.theinfostride.com/dangotes-petrol-will-improve-engine-efficiency-and-power-charly-boy/feed/ 0 My Refinery’s Petrol Will Make Your Vehicles Last Longer – Dangote https://www.theinfostride.com/my-refinerys-petrol-will-make-your-vehicles-last-longer-dangote/ https://www.theinfostride.com/my-refinerys-petrol-will-make-your-vehicles-last-longer-dangote/#respond Tue, 03 Sep 2024 15:20:20 +0000 https://www.theinfostride.com/?p=388436 The Dangote Refinery has rolled out its first petrol from its 650,000 barrels per day facility. Aliko recently disclosed this at a press conference in Lagos State, and Nigerians have been reacting. According to him, he can assure Nigerians that they are now going to have good petrol and the engines of their vehicles will [...]

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]]> https://www.theinfostride.com/my-refinerys-petrol-will-make-your-vehicles-last-longer-dangote/feed/ 0 National Average Petrol price rises by 223.21% year-on-year in May 2024 https://www.theinfostride.com/national-average-petrol-price-rises-by-223-21-year-on-year-in-may-2024/ https://www.theinfostride.com/national-average-petrol-price-rises-by-223-21-year-on-year-in-may-2024/#respond Thu, 20 Jun 2024 20:26:20 +0000 https://www.theinfostride.com/?p=380952 The average retail price of Premium Motor Spirit (Petrol) in Nigeria for May 2024 surged by 223.21% to N769.62 per litre, compared to N238.11 per litre in May 2023. This data is sourced from the National Bureau of Statistics (NBS) Premium Motor Spirit (Petrol) Price Watch report for May 2024. The report also highlighted that, [...]

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]]> https://www.theinfostride.com/national-average-petrol-price-rises-by-223-21-year-on-year-in-may-2024/feed/ 0 FRSC Cautions Motorists Against Conveying Petrol in Jerrycans https://www.theinfostride.com/frsc-cautions-motorists-against-conveying-petrol-in-jerrycans/ https://www.theinfostride.com/frsc-cautions-motorists-against-conveying-petrol-in-jerrycans/#respond Wed, 08 May 2024 12:00:24 +0000 https://www.theinfostride.com/?p=377482 The Federal Road Safety Corps (FRSC) has issued a warning to motorists, advising them against transporting petrol in jerrycans while in transit to prevent fire disasters. Mr. Samuel Oyedeji, the FRSC Sector Commander in Kogi State, emphasized this caution during an event commemorating the West African Road Safety Organisation (WARSO) day in the state. He [...]

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]]> https://www.theinfostride.com/frsc-cautions-motorists-against-conveying-petrol-in-jerrycans/feed/ 0 Noteworthy Decline: Report Indicates a 1 Billion Litre Reduction in Petrol Imports Over Seven Months https://www.theinfostride.com/noteworthy-decline-report-indicates-a-1-billion-litre-reduction-in-petrol-imports-over-seven-months/ https://www.theinfostride.com/noteworthy-decline-report-indicates-a-1-billion-litre-reduction-in-petrol-imports-over-seven-months/#respond Thu, 22 Feb 2024 22:16:13 +0000 https://www.theinfostride.com/?p=371450 A recently released report highlights a substantial decrease in petrol imports, revealing a noteworthy reduction of one billion litres over the span of seven months. This development brings attention to the evolving dynamics in the energy sector, signaling potential shifts in consumption patterns, trade balances, and economic considerations. The Infosride news delves into the details [...]

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]]> https://www.theinfostride.com/noteworthy-decline-report-indicates-a-1-billion-litre-reduction-in-petrol-imports-over-seven-months/feed/ 0 Akin Akinrinade Reveals Soaring Petrol Truck Costs: Skyrocketing from N7M to N25M in Just Months https://www.theinfostride.com/akin-akinrinade-reveals-soaring-petrol-truck-costs-skyrocketing-from-n7m-to-n25m-in-just-months/ https://www.theinfostride.com/akin-akinrinade-reveals-soaring-petrol-truck-costs-skyrocketing-from-n7m-to-n25m-in-just-months/#respond Mon, 11 Dec 2023 08:35:09 +0000 https://www.theinfostride.com/?p=363844 In a recent revelation by Akin Akinrinade, Chairman of the Independent Petroleum Marketers Association of Nigeria in the Satellite Depot branch, the cost of petrol trucks has surged from N7 million in May to an alarming N25 million. This exponential increase, as reported by Infostride News, is attributed to inflation induced by poorly managed foreign [...]

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]]> https://www.theinfostride.com/akin-akinrinade-reveals-soaring-petrol-truck-costs-skyrocketing-from-n7m-to-n25m-in-just-months/feed/ 0 October Sees Surge: Petrol Price Hits N630.63, Reports NBS https://www.theinfostride.com/october-sees-surge-petrol-price-hits-n630-63-reports-nbs/ https://www.theinfostride.com/october-sees-surge-petrol-price-hits-n630-63-reports-nbs/#respond Thu, 23 Nov 2023 18:44:32 +0000 https://www.theinfostride.com/?p=361799 Infostride News reported that the National Bureau of Statistics (NBS) released its Petrol Price Watch for October 2023, revealing a significant surge in the average retail price of a liter of petrol. According to the report, the average price skyrocketed from N195.29 in October 2022 to a staggering N630.63 in October 2023. This alarming increase [...]

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]]> https://www.theinfostride.com/october-sees-surge-petrol-price-hits-n630-63-reports-nbs/feed/ 0 House of Reps embarks on $20 billion petrol subsidy audit for recovery https://www.theinfostride.com/house-of-reps-embarks-on-20-billion-petrol-subsidy-audit-for-recovery/ https://www.theinfostride.com/house-of-reps-embarks-on-20-billion-petrol-subsidy-audit-for-recovery/#respond Sat, 04 Nov 2023 19:17:20 +0000 https://www.theinfostride.com/?p=359429 InfoStride News reported on November 3 that the Nigerian House of Representatives, under the leadership of Honorable Ikeagwuonu Ugochinyere, the Chairman of the House Committee on Petroleum Resources (Downstream), is set to embark on a comprehensive audit of petrol subsidies in an effort to recover approximately $20 billion in lost revenues. This decision comes as [...]

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]]> https://www.theinfostride.com/house-of-reps-embarks-on-20-billion-petrol-subsidy-audit-for-recovery/feed/ 0 Subsidy severely draining Nigeria’s economy says Minister of finance https://www.theinfostride.com/subsidy-severely-draining-nigerias-economy-says-minister-of-finance/ https://www.theinfostride.com/subsidy-severely-draining-nigerias-economy-says-minister-of-finance/#respond Tue, 16 Nov 2021 18:43:26 +0000 https://www.theinfostride.com/?p=312867 Minister of finance, budget and national planning, Mrs Zainab Ahmed, has established petroleum under-recovery popularly known as fuel subsidy as a major drain on the nation’s economy, which ought to have been totally removed from the system to free up money for critical sectors like health and education. She said, “It is a major waste, [...]

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]]> https://www.theinfostride.com/subsidy-severely-draining-nigerias-economy-says-minister-of-finance/feed/ 0 Era of fake or adulterated petroleum products gone in Nigeria says PETROAN https://www.theinfostride.com/era-of-fake-or-adulterated-petroleum-products-gone-in-nigeria-says-petroan/ https://www.theinfostride.com/era-of-fake-or-adulterated-petroleum-products-gone-in-nigeria-says-petroan/#respond Mon, 08 Nov 2021 18:39:06 +0000 https://www.theinfostride.com/?p=312308 The era of fake and adulterated petroleum products finding their way into the oil and gas delivery chain will soon become a thing of the past, going by the recent introduction of the 3P (Petroleum Product Passport) App by the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN). The app is a technology service [...]

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]]> https://www.theinfostride.com/era-of-fake-or-adulterated-petroleum-products-gone-in-nigeria-says-petroan/feed/ 0 No need to panic buy petrol price – NNPC https://www.theinfostride.com/no-need-to-panic-buy-petrol-price-nnpc/ https://www.theinfostride.com/no-need-to-panic-buy-petrol-price-nnpc/#respond Mon, 08 Nov 2021 18:14:56 +0000 https://www.theinfostride.com/?p=312303 The Nigerian National Petroleum Corporation (NNPC) has encouraged the public not to panic buying Premium Motor Spirit, commonly known as petrol. The NNPC said it was also not aware of any plan by the government to cause an increase in the pump price of petroleum. A statement on Monday by Garba Muhammad, Group General Manager, [...]

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]]> https://www.theinfostride.com/no-need-to-panic-buy-petrol-price-nnpc/feed/ 0 FG sets up committee to curb illegal refining of petroleum product https://www.theinfostride.com/fg-sets-up-committee-to-curb-illegal-refining-of-petroleum-product/ https://www.theinfostride.com/fg-sets-up-committee-to-curb-illegal-refining-of-petroleum-product/#respond Sat, 25 Sep 2021 22:50:59 +0000 https://www.theinfostride.com/?p=308852 The Federal Government has established that it has organized a committee that will enforce policies for effective and efficient management of illegally refined products recovered from dug-up pits found around the nook and cranny of the Niger Delta. This was earlier mentioned by the Attorney-General of Federation and Minister of Justice, Abubakar Malami, SAN, at [...]

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]]> https://www.theinfostride.com/fg-sets-up-committee-to-curb-illegal-refining-of-petroleum-product/feed/ 0 Nigeria’s petrol smuggling problem can’t be stopped for now – Myele Kyari https://www.theinfostride.com/nigerias-petrol-smuggling-problem-cant-be-stopped-for-now-myele-kyari/ https://www.theinfostride.com/nigerias-petrol-smuggling-problem-cant-be-stopped-for-now-myele-kyari/#respond Sun, 05 Sep 2021 22:50:33 +0000 https://www.theinfostride.com/?p=307303 Petrol smuggling from Nigeria to neighbouring nations can’t be stopped except certain issues are brought to the table and death with. This was disclosed by the Group Managing Director, Nigerian National Petroleum Corporation, Myele Kyari in a statement signed by the Group General Manager, Group Public Affairs Division, Garba-Deen Muhammad. According to the statement, Kyari [...]

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]]> https://www.theinfostride.com/nigerias-petrol-smuggling-problem-cant-be-stopped-for-now-myele-kyari/feed/ 0 PPPRA: PIA does not mean increase in petrol price https://www.theinfostride.com/pppra-pia-does-not-mean-increase-in-petrol-price/ https://www.theinfostride.com/pppra-pia-does-not-mean-increase-in-petrol-price/#respond Mon, 23 Aug 2021 22:38:21 +0000 https://www.theinfostride.com/?p=304634 The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying that the PIA signals [...]

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]]> https://www.theinfostride.com/pppra-pia-does-not-mean-increase-in-petrol-price/feed/ 0 NBS: Benue, Abia, Cross River paid highest for petrol in June https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/ https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/#respond Mon, 19 Jul 2021 20:38:15 +0000 https://www.theinfostride.com/?p=301310 The National Bureau of Statistics (NBS) says Benue, Abia and Cross River states paid highest for premium motor spirit (PMS), better known as petrol, at an average price of N175.22 in June 2021. This is contained in NBS report, titled: ‘Premium motor spirit (petrol) price watch (June 2021)’, released during the weekend. According to the [...]

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]]> https://www.theinfostride.com/nbs-benue-abia-cross-river-paid-highest-for-petrol-in-june/feed/ 0 Gunmen Abducts Petrol Dealer in Ekiti https://www.theinfostride.com/gunmen-abducts-petrol-dealer-in-ekiti/ https://www.theinfostride.com/gunmen-abducts-petrol-dealer-in-ekiti/#respond Sat, 10 Apr 2021 22:16:24 +0000 https://www.theinfostride.com/?p=289978 Gunmen have abducted the General Manager of a filling station situated in Isan Ekiti, the home town of Governor Kayode Fayemi. The Police Public Relations Officer in the state, Sunday Abutu confirmed the abduction, adding that the operation was carried out by close to 10 gunmen on Thursday evening. According to Abutu, the abductors took [...]

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]]> https://www.theinfostride.com/gunmen-abducts-petrol-dealer-in-ekiti/feed/ 0 Petrol Will Soon Be Sold At N97 Per Litre – FG https://www.theinfostride.com/petrol-will-soon-be-sold-at-n97-per-litre-fg/ Fri, 17 Jan 2020 08:18:30 +0000 https://www.theinfostride.com/?p=245232 The Federal Government has said a plan is already in place to provide alternative petrol, Compressed Natural Gas (CNG), that would cost around N95 to N97 per litre, very soon. The Minister of State for Petroleum Resources, Timipre Sylva, revealed this as he spoke to journalists in Abuja today. According to him, CNG has undergone [...]

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]]> The Enugu Depot Of The NNPC Has Been Repaired – Buhari https://www.theinfostride.com/the-enugu-depot-of-the-nnpc-has-been-repaired-buhari/ Sun, 21 Oct 2018 01:41:03 +0000 https://www.theinfostride.com/?p=219082 Buhari has sympathised with the families of those who lost their lives in the Abia pipeline explosion. The pipeline explosion which occurred on Friday, October 12, 2018, in Osisioma Local Government Area of Abia state, claimed many lives. According to REPORTS, Buhari blamed the explosion on vandals who were scooping petroleum products. Buhari also called [...]

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]]> Dual Price Regime Can Solve Our Petrol Problem – Debo Ahmed https://www.theinfostride.com/dual-price-regime-can-solve-our-petrol-problem-debo-ahmed/ Sun, 25 Feb 2018 19:49:31 +0000 https://www.theinfostride.com/?p=200741 The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday called on the Federal Government to adopt a dual price regime for marketers. Alhaji Debo Ahmed, the Chairman of IPMAN Western Zone, who made the call in Lagos, said that the regime required that NNPC retail outlets sell at N145, while other marketers sell at [...]

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]]> NNPC Should Increase Petrol Allocation To IPMAN Members – Debo Ahmed https://www.theinfostride.com/nnpc-should-increase-petrol-allocation-to-ipman-members-debo-ahmed/ Thu, 22 Feb 2018 16:26:21 +0000 https://www.theinfostride.com/?p=200559 The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday called on the Federal Government to adopt a dual price regime for marketers. Alhaji Debo Ahmed, the Chairman of IPMAN Western Zone, who made the call in Lagos, said that the regime required that NNPC retail outlets sell at N145, while other marketers sell at [...]

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]]> Social Media Is Like Pouring Petrol On Fire – 2face Idibia https://www.theinfostride.com/social-media-is-like-pouring-petrol-on-fire-2face-idibia/ Mon, 08 Jan 2018 01:45:15 +0000 https://www.theinfostride.com/?p=195540 2face Idibia does not regret his past cancellation of the #VoteNotFight protest expected to hold in the year 2017. He acknowledged that a lot of people were disappointed due to the quashed event which had already gained national attention revealed in a recent interview said that the stoppage was for good reasons though he did [...]

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]]> Increase In Crude Prices Have Made It Unprofitable To Import Petrol – Emmanuel Iheanacho https://www.theinfostride.com/increase-in-crude-prices-have-made-it-unprofitable-to-import-petrol-emmanuel-iheanacho/ Sun, 31 Dec 2017 10:37:02 +0000 http://www.theinfostride.com/?p=194721 Capt. Emmanuel Iheanacho has linked the constant scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC). Iheanacho said that this was not realistic for marketers to import and sell at that rate. “The selling of the product at N145 per litre is no longer feasible with the current exchange [...]

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]]> NNPC Disclose Cost Of Imported Petrol https://www.theinfostride.com/nnpc-disclose-cost-of-imported-petrol/ Sun, 14 May 2017 04:01:23 +0000 http://www.theinfostride.com/?p=164770 The House of Representatives Ad hoc Committee on Review of Pump Price of Petrol has directed the NNPC and its subsidiaries to make public the true cost of imported petrol. The Chairman of the Committee, Rep. Raphael Igbokwe, gave the directive in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos. [...]

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]]> Is Petrol Subsidy Back? https://www.theinfostride.com/is-petrol-subsidy-back/ Sat, 18 Feb 2017 10:53:17 +0000 http://www.theinfostride.com/?p=156914 Petrol subsidy is back. The Nigerian National Petroleum Corporation has been offsetting for months the difference between the landing costs of petrol and the pump price. In series of interviews with knowledgeable players in the sector, NAN can report authoritatively that the landing costs per litre of petrol is higher than the price Nigerians pay [...]

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]]> NBS Reports Petrol Price Increased by 36% https://www.theinfostride.com/nbs-reports-petrol-price-increased-by-36/ Thu, 16 Feb 2017 12:44:59 +0000 http://www.theinfostride.com/?p=156709 The National Bureau of Statistics (NBS) said on Wednesday that average price paid by consumers for Premium Motor Spirit (PMS) known as petrol increased by 35.7 per cent year-on-year in January. This is contained in Premium Motor Spirit (Petrol) Price Watch for January released by NBS in Abuja. The report stated that Petrol increased by [...]

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]]> Sokoto Government Commence Sale Of Petrol To Motorists https://www.theinfostride.com/sokoto-government-commence-sale-of-petrol-to-motorists/ Sun, 29 Jan 2017 01:12:54 +0000 http://www.theinfostride.com/?p=155208 Sokoto State Government says it plans to commence the sale of one million litres of petrol to motorists weekly to stabilise the fuel supply situation in the state. The Chairman of the State’s Task Force on the supply of petroleum products, Alhaji Ibrahim Magaji, disclosed this to the News Agency of Nigeria (NAN) in Sokoto [...]

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]]> No Plan To Increase Cost Of Petrol – IPMAN https://www.theinfostride.com/no-plan-to-increase-cost-of-petrol-ipman/ Fri, 27 Jan 2017 21:14:24 +0000 http://www.theinfostride.com/?p=155071 The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has denied reports of a planned increase in petrol price. The denial was made on Friday, January 27, by state IPMAN Chairman, Alhaji Bashir Dan-Malam. “As leaders of the association, we feel it is necessary to tell our members the truth as the government [...]

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