The Department of Petroleum Resources (DPR) in Bayelsa said it has intensified regulatory activities to check unauthorised hike in the price of petrol by marketers in the state. Operations Controller of DPR in the state, Asuquo Antai told newsmen on Thursday in Yenagoa. He said more patrol has been sent out to keep tab on... Read More

DPR, filling station, N145, petrol, reports

October 25, 2016

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Petrol to remain at N145 – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Tuesday denied rumours that the pump price of Premium Motor Spirit, popularly known as petrol will be increased. In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, the corporation said, “Reference of unsustainability of N145 per litre of petrol only... Read More

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Fuel Price, N145, nnpc, petrol, pppra

May 13, 2016

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Mazi Emeka: Why NNPC is selling fuel at N145

The internet threw a question at us and we decided to answer it. A few days ago, the Minister of state for Petroleum Resources, Ibe Kachikwu, announced that the federal government will remove subsidies on fuel and allow market dynamics to determine the price of the product. Expectedly, this will result in an increase in... Read More

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Forex, Fuel, Kachikwu, market forces, N145, nnpc, price, subsidy