BUA partners Axens of France on 200,000/bpd Akwa Ibom integrated refinery
BUA Group, on Tuesday, signed an agreement with Axens of France for the supply of process technologies for its upcoming 10 million tonnes per annum mega-refinery and petrochemicals facility to be sited in Akwa Ibom State.
DEREGULATION: Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that there is the possibility of a new price regime for Premium Motor Spirit, PMS, also known as petrol on April 1, noting that the new N125 per litre pump price will last till the end of March 2020.
UPDATED: Buhari reduces petroleum pump price to N125
STRONG indications emerged that the Federal Government may have reduced the pump price of Premium Motor Spirit, PMS, from N145 per liter to about N130.
Oil crash: Fuel price dips further to N112.26 per litre
The persistent decline in the price of crude oil in the international market on Thursday forced down the price of Premium Motor Spirit, also known as petrol in the Nigerian market, as data released yesterday, by the Petroleum Products Pricing Regulatory Agency, PPPRA, revealed that the market price of PMS has dropped to N112.26 per litre.
Nigeria’s fuel import drops by 42% to N1.7trn in 2019
By Michael Eboh Nigeria spent N1.713 trillion on importation of Premium Motor Spirit, also known as petrol, in 2019, representing 42 percent decline from N2.95 trillion spent in 2018. National Bureau of Statistics, NBS, disclosed this in its Foreign Trade Statistics for the Fourth Quarter of 2019. According to the NBS data, fuel import accounted […]
Nigeria spent N1.7trn to import fuel in 2019
Nigeria spent N1.713 trillion on the importation of Premium Motor Spirit, also known as petrol, in 2019, according to data obtained Monday, from the National Bureau of Statistics, NBS.
