Tag: oil marketers

As Naira further crumbles, oil marketers ask for price increase

Bode DoluLeave a Comment on As Naira further crumbles, oil marketers ask for price increase

Nigeria’s oil marketers, on Thursday, insisted on a possible increase in the pump price of Premium Motor Spirit (PMS), popularly called petrol, following a further plunge in the value of the naira against the United States dollar. The local currency weakened against the greenback at the black market from 900 per dollar on Wednesday to […]

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Nigeria’s oil marketers propose N720 per litre, suspend fuel importation

Bode DoluLeave a Comment on Nigeria’s oil marketers propose N720 per litre, suspend fuel importation

Nigeria’s oil marketers, on Sunday, indicated that the cost of Premium Motor Spirit, popularly called petrol, would rise to between N680/litre and N720 per litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market. They also hinted that dealers seeking to import PMS were being forced […]

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