You have no right to criticise Tinubu for removing subsidy on PMS – APC tackles Makinde

You have no right to criticise Tinubu for removing subsidy on PMS – APC tackles Makinde

The Oyo State chapter of the All Progressives Congress (APC) has declared that Governor Seyi Makinde of the state does not have the right to criticize President Bola Ahmed Tinubu for removing subsidy on Premium Motor Spirit, also known as PMS, as reported by DAILY POST.NYSC Portal The party made this declaration on Tuesday. APC, … Read more

Petrol may hit N800/litre on subsidy removal – Marketers

Petrol may hit N800/litre on subsidy removal – Marketers

As the scarcity of Premium Motor Spirit, also known as petrol, persisted on Sunday, oil marketers predicted that the price of the commodity would exceed N800/litre once the PMS subsidy was removed.Information Guide Nigeria The high cost of petrol subsidies, according to industry operators, was a burden on the Nigerian National Petroleum Company Limited and … Read more

Scarcity: Fuel marketers boycott private depots

Scarcity: Fuel marketers boycott private depots

Premium Motor Spirit, also known as gasoline, is still in short supply, and this is why it costs more than N250 per litre in several locations outside of Abuja and Lagos, oil merchants said on Wednesday.Information Guide Nigeria Independent marketers, who manage more than 85 percent of filling stations in the United States, continue to … Read more

Fuel queues grow longer after FG sufficiency claim

Fuel queues grow longer after FG sufficiency claim

The lines for Premium Motor Spirit, also known as petrol, grew longer on Thursday following the Federal Government’s announcement that there was enough PMS in Nigeria to last 34 days.Information Guide Nigeria On Wednesday, the administration broke its several-week silence on the country’s continuing fuel scarcity, claiming that it has enough product to keep the … Read more

Marketers say tough times as petrol hits N200/litre

Marketers say tough times as petrol hits N200/litre

The price of Premium Motor Spirit, also known as gasoline, has increased to as much as N200 per liter at depots, therefore motorists should be prepared to pay more than N200 per liter for PMS at gas stations. On Monday, it was learned that the price of PMS, which had recently been between N178 and … Read more

N3.92tn fuel subsidy topples defence, health, education budgets

N3.92tn fuel subsidy topples defence, health, education budgets

The N3.92tn paid as a subsidy on Premium Motor Spirit, also known as gasoline, between January 2020 and June 2022 is greater than the sum of the government budgets for health, education, and defence during the same thirty-month period.Infomation Guide Nigeria In the past thirty months, Nigeria has spent more on fuel subsidies than on … Read more