ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Thursday, January 28, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
A private filling station used to illustrate the story.

A filling station used to illustrate the story.

Nigeria slashes petrol price to N125

byOladeinde Olawoyin
March 18, 2020
1 min read
ADVERTISEMENT

The Nigerian government on Wednesday announced the reduction of the pump price of petrol to N125.

A statement by Nigerian National Petroleum Corporation, NNPC, said the move was in compliance with the directives of the Honourable Minister of State for Petroleum Resources on petrol pricing.

The corporation said it has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

“Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre,” Mele Kyari, NNPC Group Managing Director said.

“These reductions will therefore translate to N125/litre retail pump price.

“Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

“Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre.”

Earlier on Wednesday, President Muhammadu Buhari ordered a reduction in the pump price of petrol from its current official price of N145 per litre.

The Minister of State for Petroleum, Timipre Sylva, had announced this in a statement.

RelatedNews

Chief Judge transmits reinstatement notice to judge accused of bribery

Insecurity: Nigeria in ‘state of emergency’, Buhari tells new service chiefs

Gbajabiamila criticises past administrations for failing to pass PIB

Borno governor welcomes newly appointed service chiefs

Mr Sylva said the president’s directive is because of the drop in the international oil price.

PREMIUM TIMES has reported the drop in international oil price from over $50 a barrel over a month ago to about $30 a barrel.

On Wednesday, the price slumped further to $28 per barrel, raising fears of global economic crisis as nations roll out measures to contain the spread of coronavirus.

Dangote adbanner 728x90_2 (1)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (14)
premiumtimes



PT Mag Campaign AD

Previous Post

Coronavirus: Nigerian govt. to engage Christian, Muslim leaders on social distancing

Next Post

COVID-19 in Africa: fewer cases so far, and more preparation needed

Oladeinde Olawoyin

Oladeinde Olawoyin

Oladeinde Olawoyin reports Business & Economy, Development and Lagos Metro at PREMIUM TIMES. A First Class graduate of Mass Communication from the University of Ilorin, Ilorin, he was nominated in the journalism category of The Future Awards Africa in 2017. Aside maintaining a column titled ‘SATURDAY SATIRE’, he also writes art and culture pieces on weekends. Twitter: @Ola_deinde

More News

The Oyo State Governor, Seyi Makinde, on Wednesday, met with President Muhammadu Buhari over the security challenges rocking the south-west state. [PHOTO CREDIT: Bashir Ahmad]

Makinde meets Buhari over Oyo’s security challenges

January 27, 2021
Nigerian Police on patrol

No influx of herdsmen into Ekiti forests -Police

January 27, 2021
Oyo Ametokun security vans

Insecurity: Makinde deploys 200 Amotekun operatives to Oyo communities

January 27, 2021
National Judicial Council (NJC)

Chief Judge transmits reinstatement notice to judge accused of bribery

January 27, 2021
National Bureau of Statistics (NBS)

Nigeria’s VAT increases by N29.98bn in fourth quarter of 2020

January 27, 2021
President Muhammadu Buhari and the new service chiefs. [PHOTO CREDIT: Twitter handle of Buhari]

Insecurity: Nigeria in ‘state of emergency’, Buhari tells new service chiefs

January 27, 2021
Next Post
COVID-19: Map showing countries with Coronavirus cases. [Photo: The Conversation)

COVID-19 in Africa: fewer cases so far, and more preparation needed

Central bank of Nigeria (CBN)

UPDATED: Coronavirus: CBN to inject additional N1trillion in Nigerian economy

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,605,924 other subscribers.

Advertisement






netherland biz school Advert

Zenith Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.