Petrol

Latest data on Nigeria’s midstream and downstream petroleum operations showed that domestic Premium Motor Spirit (PMS) supply declined by 21 percent in July, while petrol imports increased by 9 percent. Total daily petrol receipts also fell 10 percent, from 50.6 million litres in June to 45.5 million litres in July.

June 23, (THEWILL) — Nigeria's petrol import bill has plunged by more than 96 per cent, falling from about N2.3 trillion in the first quarter of 2025 to less than N90 billion a year later, as domestic petrol...

June 9 (THEWILL) — Nigeria’s expenditure on petrol imports fell sharply to N87.40 billion in the first quarter of 2026, down from N2.27 trillion recorded in the corresponding period of 2025, according to data from the National Bureau of...

February 16, (THEWILL) — Nigeria’s daily petrol import volume slumped by 42.2 percent in January 2026, falling to 24.8 million liters per day from 42.8 million liters per day recorded in December 2025, according to the latest Nigerian...

October 21, (THEWILL) - Sensing trouble in the days ahead, the House of Representatives last Wednesday directed the Federal Government to immediately reverse the old pump price of petroleum products, insisting that the rising costs of petrol and cooking...

August 27, (THEWILL) - The Enugu State Government has warned petrol stations against engaging in metre adjustment and other sharp practices to shortchange consumers of petroleum products, vowing to seal facilities of defaulters. . The Commissioner for Special Duties, Emeka...

September 09, (THEWILL) – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has put daily Premium Motor Spirit consumption at 66.89 million litres. The Nigerian National Petroleum Company Ltd (NNPCL), last weekend, put the average daily evacuation (Depot...

September 08, (THEWILL) – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to check the excesses of Petroleum Tanker Drivers (PTD), to ensure stability in the downstream sector. Zonal Secretary, IPMAN, South East Zone, Anicho...

September 05, (THEWILL) - The Nigerian National Petroleum Company Ltd, has said it is ready for a forensic audit of it’s supply of Premium Motor Spirit (PMS) and the amount it spends subsidizing the product for the...

September 02, (THEWILL) – The Nigerian Customs Service (NCS) has faulted claims by the Nigerian National Petroleum Corporation (NNPC) Limited that Nigerians consume about 60 million litres of Premium Motor Spirit (PMS), commonly known as petrol, daily. Hamid Ali, Comptroller...