Browsing: oil and gas

Petroleum depots throughout Nigeria are experiencing a decrease in activity due to a lack of products brought on by fluctuations in the foreign exchange rate. As a result, the landing cost of Premium Motor Spirit (PMS), also known as petrol, has jumped from N651 per litre in August to N720, a development that is making it harder to sustain business operations in the oil industry.

Cooking Gas, also known as Liquefied Petroleum Gas, LPG, has recently been affected by another price increase as the Federal Capital Territory, FCT, and ten other states across various parts of the nation have witnessed, yet again, another hike in the price of the product.