The Federal Government, on Monday 19th June 2023, has commenced implementation of the payment of 7.5 percent Value Added Tax on Automotive Gas Oil, also called diesel. ACG, Tariff and Trade,Mba Musa This was disclosed by the Nigeria Customs and the Federal…
The Nigerian National Petroleum Company, NNPC Limited has instructed all petroleum marketers to adjust retail prices for premium motor spirit to a range between N488 to N555 per liter. The instruction which reach marketers on Wednesday, 31st May, 2023, cited management approval…
Former Governor of the Central Bank of Nigeria, and Emir of Kano, Lamido Sanusi, on Saturday, 17th October, 2022, queried the volume of Nigeria’s daily consumption of petrol claimed by the Nigerian National Petroleum Corporation, NNPC. Sanusi described the claim by the…
Oil marketers have decided to begin blending the more than 100 million litres of contaminated Premium Motor Spirit, also known as gasoline, that were smuggled into Nigeria over two weeks ago. Queues formed at Petrol stations by people trying to get petrol…
The Nigerian National Petroleum Corporation Limited, NNPC, has said it is distributing 1 billion litres of safe Premium Motor Spirit, PMS, known as Petrol, in its stock to various fuel stations nationwide, in a bid to restore the normal supply of Petroleum…