This adjustment was contained in a leaked internal memo from the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, on Friday.
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This represents an increase of 2.80 per cent from the previous month.
A visit round the city by a correspondent of the News Agency of Nigeria on Wednesday revealed that most filling stations did not open for business.
The News Agency of Nigeria reports that most filling stations along the Kubwa Expressway were filled with motorists trying to buy Premium Motor Spirit, also known as petrol.
Iledare made this known in an interview with the News Agency of Nigeria while reacting to President Muhammadu Buhari’s Independence day speech in Abuja on Thursday.
Dr. Muda Yusuf, Director-General LCCI, made the assertion in a statement on Sunday.
The vice president’s spokesman, Laolu Akande, in a statement on Saturday in Abuja, said Osinbajo made the remarks during a virtual interactive session hosted by the Africa Report magazine.
The agency made this known in a statement signed by its Executive Secretary, Saidu Abdulkadir, in Abuja on Sunday.
Sylva made this known in a statement in Abuja on Thursday.
IPMAN’s President, Chinedu Okoronkwo, told the News Agency of Nigeria on Wednesday in Lagos that the increment from the price band of N121.50 to N123.50 per litre was determined by market forces.
The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/701, titled: “Guiding Price for Premium Motor Spirit (PMS) in the Month of June 2020,” released on Monday in Abuja.
The National Bureau of Statistics says the country imported 20.89 billion litres of Premium Motor Spirit, also known as petrol, in 2019.
The Minister of State for Petroleum Resources, Chief Timipre Sylva says the downstream oil sector was deregulated on March 19 with the reduction in the pump price of Premium Motor Spirit, also known as petrol.
The Nigerian National Petroleum Corporation has announced a reduction in the ex-depot price of Premium Motor Spirit from N113.28k per litre to N108.00k per litre across all its products loading facilities.
The NBS said this in its “Premium Motor Spirit (Petrol) Price Watch for July 2019’’ posted on its website on Tuesday in Abuja.
The National Bureau of Statistics has announced that 5.61 billion litres of Premium Motor Spirit popularly known as petrol were imported into the country in the second quarter of the year.
The National Bureau of Statistics said residents of Taraba paid the highest average price for purchase of Premium Motor Spirit popularly known as petrol in March.
There is fear of fuel scarcity in some local government areas of Kano State on Monday, following the reluctance of some marketers to dispense the Premium Motor Spirit popularly known as petrol, in anticipation of a new pump price regime.
The PEF Executive Secretary, Alhaji Ahmed Bobboi, disclosed this while addressing newsmen on Tuesday in Abuja
The Group Managing Director of the Nigeria National Petroleum Corporation, Maikanti Baru, on Thursday said the corporation has used $1.05 billion from the dividends of Liquified Natural Gas to augment daily shortages incurred in the pump price of Premium Motor Spirit, popularly known as petrol.