Stay updated with breaking news from Nigerian Midstream. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring countries.
Immediately we do that, it means we have taken care of the standards; we have taken care of cost competitiveness too.
The pump price of petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Refinery
Major oil companies have lamented the impact of oil theft and pipeline vandalism on the availability of crude for local refineries.
Nigeria is going to reduce the importation of Premium Motor Spirit, popularly called petrol, by about $4.4bn annually by adopting the use of Compressed Natural Gas, the Federal Government announced on Tuesday.