Tag Archives: petrol

The National Bureau of Statistics (NBS) has reported a significant year-on-year (YoY) decline in the distribution of Premium Motor Spirit (PMS), commonly known as petrol, in 2023. According to the NBS Petroleum Products Distribution Statistics released today, October 1, the volume of petrol distributed fell by 12.6%, dropping to 20.29 billion litres from 23.24 billion litres in 2022.   The …

The landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N981 per litre, according to data released by the Major Energies Marketers Association of Nigeria (MOMAN).    This marks a decrease of over N140 from the previous cost of around N1,130 per litre recorded in recent weeks.   The reduction in the landing cost is …