The Nigerian National Petroleum Company Limited (NNPCL) has denied reports that it intends to become Dangote refinery’s sole distributor. NNPC stated that refineries could sell directly to marketers. Reacting to an allegations by the Muslim Rights Concern (MURIC), accusing it of undermining the Dangote refinery and monopolising its products, NNPC issued a statement on Saturday […]
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The Nigerian National Petroleum Company Limited (NNPC Ltd.), is insisting it has not paid fuel subsidy to anybody in the last nine years. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls […]
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Former President of Nigeria, Chief Olusegun Obasanjo has said that those benefiting from the lucrative business of fuel importation are going to make every effort to frustrate the Dangote Petroleum Refinery. The former president stated this in an interview with Financial Times in the wake of allegations by the President of the Dangote Group, Alhaji […]
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The pump price of Premium Motor Spirit (PMS), popularly known as petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil marketers confirmed the increase in the cost of the commodity, as they stated that any shift in price by […]
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The Federal Government of Nigeria, on Monday moves to quell rising agitations over recent increases in prices of premium motor sprit, popularly known as petrol and electricity by putting arguments on why the prices of the two products should go up in the public domain. First, it was President Muhammadu Buhari who at the First […]
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The Petroleum Products Pricing and Regulatory Agency (PPPRA) has reduced the pump price of petrol from the current price of N125 to N123.50 per litre. This comes about a fortnight after the agency reduced the pump price to N125 from N145. The reduction is based on the reduced landing cost of petrol into Nigeria which […]
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The federal government of Nigeria has directed the Nigerian National Petroleum Corporation (NNPC) to reduce the ex-coastal and ex-depot prices of Premium Motor Spirit (PMS) to reflect current market realities. In a statement signed by Timipre Sylva, the minister of state for petroleum resources, the federal government said Petroleum Products Pricing Regulatory Agency (PPPRA) should modulate pricing […]
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The Petroleum Products Pricing Regulatory Agency (PPPRA) says, Open Market price of Premium Motor Spirit( PMS) also known as petrol, in the Nigerian market has dropped to N114.53 per litre. The Agency disclosed this in the data for PMS price for Tuesday, March 10, from the Pricing Template for the commodity, released in Abuja, on […]
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The Minister of State for Petroleum Resources, Timipre Sylva, disclosed that the federal government plans to provide alternative petrol Compressed Natural Gas (CNG), for the masses, that will cost between N95 to N97 per litre He promised that the Petroleum Industry Bill(PIB), will also be passed before May 29, 2020. Sylva said this when asked […]
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday expressed worries over the looming fuel scarcity in Ibadan due to non-availability of the product at the depot. In a statement issued in Lagos, Alhaji Raheem Tayo, the Ibadan Chapter IPMAN Chairman, said that the association was worried that the situation had persisted in spite […]
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