LAGOS APRIL 18TH (NEWSRANGERS)-The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. This comes as the Dangote…
LAGOS JANUARY 13TH (NEWSRANGERS)-The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in…
LAGOS MARCH 19TH (NEWSRANGERS)-The Federal Government in a statement issued on Wednesday directed the Nigerian National Petroleum Corporation to reduce the ex-coastal and ex-depot prices of petrol, “to reflect current realities.” Reacting to the directive, the NNPC in a tweet on Wednesday, said: “effective 19th March 2020, the Ex-Coastal price for PMS will be reviewed…
LAGOS JULY 12TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has finally hinted that pump price of premium motor spirit (PMS) may be increased soon, as it described the N145 pump price as the cheapest in West Africa. Mele Kyari, who is the new Group Managing Director (GMD),stated this on Wednesday during a visit to Senate…