Tag: petrol price increase Nigeria

Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja

Posted on By Rextun boss No Comments on Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja
Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja

The Nigerian National Petroleum Company Limited (NNPCL) has raised the retail price of Premium Motor Spirit (PMS), popularly known as petrol, with motorists in Lagos now facing a pump price of ₦1,299 per litre, while some NNPCL stations in Abuja are selling the product for as much as ₦1,345 per litre. The latest adjustment represents…

Read More “Fuel Price Shock: NNPCL Raises Petrol to N1,299 in Lagos, N1,345 in Abuja” »

Petrol Pump Price, Petroleum

BREAKING NEWS: President Bola Tinubu Approves 15 Percent Import Duty on Diesel and Petrol

Posted on By Rextun boss No Comments on BREAKING NEWS: President Bola Tinubu Approves 15 Percent Import Duty on Diesel and Petrol
BREAKING NEWS: President Bola Tinubu Approves 15 Percent Import Duty on Diesel and Petrol

President Bola Ahmed Tinubu has approved the imposition of a 15 percent import duty on diesel and petrol, marking a major shift in Nigeria’s energy and fiscal policy. The new duty applies to all imported Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as petrol and diesel, and is calculated based on…

Read More “BREAKING NEWS: President Bola Tinubu Approves 15 Percent Import Duty on Diesel and Petrol” »

Governance, News