PMS

February 04, (THEWILL) — Nigerian motorists experienced notable relief at fuel stations in December 2025 as the average retail price of Premium Motor Spirit (PMS), commonly known as petrol, dropped to ₦1,048.63 per litre. This represents an 11.81% decrease...

November 30, (THEWILL) - The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), has debunked speculations that the revamped and celebrated old Port Harcourt Refinery is a mere blending plant and unproductive. The clarification follows ongoing controversy...

October 13, (THEWILL) – The Federal Government has announced a significant milestone in Nigeria’s journey towards a deregulated market structure for Premium Motor Spirit (PMS). The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed...

September 21, (THEWILL) – Nigerians have long waited for the commencement of the sale of Premium Motor Spirit (PMS) by Dangote Refinery due to its expected benefits. The refinery commenced its first loading of PMS on Sunday, September...

September 05, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) or petrol, which are governed...

September 05, (THEWILL) – The Dangote Petroleum Refinery says the Nigerian National Petroleum Company (NNPC) Limited has not commenced the commercial lifting of refined Premium Motor Spirit (PMS), commonly known as petrol, from the facility. A statement by Anthony...

September 03, (THEWILL) – The 650,000bpd Dangote Oil Refinery has started processing petrol after suffering delays due to its inability to purchase crude oil from the Nigerian National Petroleum Company (NNPC) and other local producers, Devakumar Edwin, the refinery's...

February 08, (THEWILL) - The Nigerian National Petroleum Company (NNPC) Ltd, says there is no imminent hike in the pump prices of Premium Motor Spirit (PMS) or petrol. In a statement on Thursday, its Chief Corporate Communications Officer, Olufemi...

February 07, (THEWILL) - The Federal High Court, Ikoyi, Lagos, has ordered the federal government to fix the prices of goods and petroleum products, within seven days. The court ordered the Federal Government to fix the price of Milk, Flour,...

January 04, (THEWILL) - The Nigerian National Petroleum Company (NNPC) limited has assured Nigerians that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC, in a statement by its Chief...