By Obas Esiedesa, Abuja The Federal Government on Monday mounted fresh pressure on petroleum marketers to reduce the pump price of Premium Motor Spirit also known as petrol, insisting that the sharp decline in international crude oil prices should be reflected in retail fuel prices across the country. Speaking at the Stakeholders’ Meeting on Cost-Reflective […]

The Federal Government warns petroleum marketers against using old stock to justify high petrol prices, urging them to pass lower replacement costs to cons

By Obas Esiedesa, Abuja The Federal Government on Monday mounted fresh pressure on petroleum marketers to reduce the pump price of Premium Motor Spirit also known as petrol,…

IPMAN has hinted on possible reduction in the retail prices of petrol across the country, following a direct deal with the Dangote…

Nigeria has urged fuel marketers to reduce petrol prices as global crude oil costs decline, while independent marketers say pump prices could fall below N800 ($0

Independent petroleum marketers project petrol price could fall below N800/litre if granted import licences, as FG pushes for lower pump prices.

• Minister says disconnect between falling crude prices, local PMS rates must be addressed