Archives Tag: PMS
How to Survive the Coming Petrol Subsidy Removal
April 19, 2022
Barring any unforeseen changes to its plan, Nigeria’s Federal Government is set to eliminate its long-standing Petrol subsidy (Premium Motor Spirit). This will result in a substantial rise in the price of the product. Analysts expect a ripple effect to ensue across the economy, causing a sharp increase in the cost of most goods … Continue reading How to Survive the Coming Petrol Subsidy Removal
PPMC Fixes Ex-Depot Petrol Price at ₦151.56 Per Litre
April 19, 2022
The Petroleum Products Marketing Company (PPMC) has announced that the ex-depot price of petrol will now be ₦151.56 per litre. The new price was disclosed in a memo released by the body on Wednesday. The ex-depot price is the price at which petrol is sold to merchants at the depots. It is an indicator of … Continue reading PPMC Fixes Ex-Depot Petrol Price at ₦151.56 Per Litre
NNPC Cuts Petrol Depot Price to ₦108
April 19, 2022
The Nigerian National Petroleum Corporation has again lowered the ex-depot price of petrol. The latest reduction, announced on Wednesday, will see PMS sold to marketers at ₦108 per liter, down from ₦113.28 per liter. Final consumers can now expect a similar cut to the price of the product at petrol stations. In March, the ex-depot … Continue reading NNPC Cuts Petrol Depot Price to ₦108
Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River
April 19, 2022
Agreements have been concluded between China-based Sino-Arab Energy and Nigeria’s Osabo Refining and Petrochemical Industry Limited, to build a refinery in Akpabuyo, in Cross River State. The refinery will cost $7.5 billion and will have production capacity for 107,000 barrel of crude oil per day. The refinery is expected to grow government’s objective to refine … Continue reading Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River
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