Fuel Archives - Page 3 of 3 - KOKOMANSION MEDIA

NNPC distributes over 1.3 billion litres of petroleum products, 252 billion cubic feet of gas

January 2, 2018Ekene Onyeama

…Domestic refineries in October 2017 amounted to 204.31 million litres compared to 87.47 million litres in September 2017. The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty two million and eight six thousand) litres […]

DPR dispense fuel for free in Ogun

December 26, 2017Ayo Olowo

Motorists jubilated on Monday at Mani Petrol Station, Mowe, Ogun State as the Department of Petroleum Resources (DPR) offered them free petrol. The free fuel by the DPR was the result of a sanction imposed on the owner of the station, who had ignored an earlier warning to dispense fuel at the regulated price of […]

Landing cost of petrol N176, subsidy now at N26 per litre

December 25, 2017Ayo Olowo

The Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, on Sunday disclosed that Petrol is being subsidised to the tune of N26 per litre. According to him, the landing cost of petrol (PMS) is N171 per litre; it is being sold at the pump at N145 per litre – a difference of N26. […]

Buhari finally breaks silence on fuel scarcity, says nationwide scarcity is regrettable

December 24, 2017Eben Tanimola

President Muhammadu Buhari has spoken on the fuel scarcity bedeviling the nation. This is the first time the president is speaking directly concerning the situation. Expressing regrets over the situation, the president thanked Nigerians for their patience. He said he had received assurances from the Nigerian National Petroleum Corporation that the crisis would be resolved. […]

Marketers divert 129,000 litres of fuel from Abuja, fined N30.5 million by DPR

December 23, 2017Eben Tanimola

Mohammed Saidu, head public affairs unit of the Department of Petroleum Resources (DPR), says petroleum marketers diverted 129,000 liters of petrol from Abuja on Friday. Saidu, who revealed this monitoring the stations, added that some of the erring filling stations had been given a total fine of more than N30.5 million. According to him, more […]

Lagos and Abuja get 470 petrol trucks

December 19, 2017Ayo Olowo

The Nigerian National Petroleum Corporation, NNPC, on Tuesday said it released 300 trucks of petrol to Lagos and 170 to Abuja, to stem long queues at filling stations. NNPC Spokesman, Ndu Ughamadu, announced the release in a statement in Abuja. This followed the call-off of the strike by the Petroleum and Natural Gas Senior Staff […]

MORE TROUBLE! PENGASSAN set for strike on Monday

December 17, 2017Ekene Onyeama

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, is set to embark on indefinite, nationwide strike beginning from Monday. According to the association, the strike became necessary following a stalemate in the peace meeting brokered by the minister of petroleum resources, Ibe Kachikwu, between the association and Neconde Energy Limited. PENGASSAN and […]

NNPC calls for calm as there is no plan to hike fuel price

December 4, 2017Eben Tanimola

The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to remain calm as not resort to panic buying of petroleum products, as there will be no increase in petrol prices during the festive period. The NNPC, in a statement, said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 […]

Fuel scarcity imminent as IPMAN threatens showdown with NNPC

November 30, 2017Eben Tanimola

Independent Petroleum Marketers Association of Nigeria (IPMAN) in Lagos State have threatened to withdraw their services from Dec. 11 over NNPC’s breach of bulk purchase agreement to sell fuel to them at N133.28k per litre. The Lagos State Chapter of IPMAN, on Wednesday said it was set for a showdown with NNPC over irregular fuel […]

Petrol price will crash in 4 to 6 months – Kachikwu

September 1, 2017Ayo Olowo

Dr. Ibe Kachikwu, the Minister of State for Petroleum Resources has predicted that prices of Premium Motor Spirit (PMS), Popularly called petrol, will crash in the next four to six months as a result of the competition inherent in the price modulation. While presenting his scorecard on his two years in office in a podcast […]