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The Federal Government has announced a 10-point intervention package to cushion the impact of rising petrol prices, including a proposed ₦1,350 per litre ceiling on the ex-gantry or landing cost of petrol.
US President Donald Trump’s handling of the Iran conflict has emerged as a fresh risk factor for global oil markets as attacks on tankers in the Strait of Hormuz intensify and concerns grow over a wider escalation in the region.
The Federal Government is moving to introduce a price-modulation mechanism that will place a proposed ceiling of ₦1,350 per litre on the ex-gantry or landing cost of petrol, in a fresh attempt to shield Nigerians from sharp swings in pump prices.
The Dangote Petroleum Refinery is still compiling its final list of petroleum marketers to participate in its new consortium arrangement for Premium Motor Spirit (PMS) transactions, industry sources told Petroleumprice.ng
Pivot Integrated Energy Services Limited has been confirmed as Gold Sponsor of the 2026 Petroleumprice.ng Recognition and Awards, scheduled for December 5 at the Radisson Blu Hotel, Victoria Island, Lagos.
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