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NNPC confirms petrol price hike

The Nigerian National Petrol Company Limited has confirmed it adjusted pump prices of Premium Motor Spirit known better as petrol across the country. In a statement issued on Wednesday and signed by its Chief Corporate Communications Officer, Garba Deen Muhammad, the national oil company explained that the adjusted pump price was in line with “current…

IPMAN: We’ve sanctioned over 100 petrol stations for increasing pump price

Yakubu Suleiman, the national spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), says over 100 petrol stations have been sanctioned for increasing pump prices. Briefly after President Bola Tinubu’s speech on May 29 that the petrol subsidy has been cancelled, panic buying erupted in some parts of the country as some marketers closed shops, leading…