Price War: NNPC Slashes Fuel Price To N860/litre, A Week After Dangote Announces Reduction

LAGOS MARCH 3RD (NEWSRANGERS)-The Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This decision comes amid an intensifying price war among major marketers and independent petroleum dealers, as well as fluctuations in global crude oil prices….

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Fuel Pump Prices Remain Constant Despite Dangote Refinery’s Reduction In Ex-Depot Price

LAGOS DECEMBER 20TH (NEWSRANGERS)-Despite the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) by Dangote Petroleum Refinery to ₦899.50 per litre, motorists and consumers are yet to experience any relief, as pump prices remain unchanged across major petrol stations in Lagos and other parts of the country. According to Vanguard, petrol stations…

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Chairman Of Innoson Motors Cautions FG On Plan To Reduce Duties On Vehicles

LAGOS NOVEMBER 29TH (NEWSRANGERS)-Chairman of Innoson Vehicles Manufacturing Company Limited, IVM, Chief Innocent Chukwuma, has cautioned that Federal Government’s plan to reduce the import duties and levies on buses, tractors and other motor vehicles as contained in the recent 2020 Finance Bill, will not only be a disincentive to investments, but will also set Nigeria’s automotive…

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