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 […]
Continue Reading
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. […]
Continue Reading
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. […]
Continue Reading
The Department of Petroleum Resources, DPR, on Tuesday said it will impose a fine of N20 million fine on any depot selling Premium Motor Spirit (petrol) above the approved ex-depot price of N132.50 per litre. Wole Akinyosoye, the agency’s Zonal Operations Controller, Lagos, said selling PMS above the approved ex-depot price would attract a N20 million fine […]
Continue Reading
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 […]
Continue Reading
Two people have been confirmed dead after a petrol tanker exploded in a filling station in Jos. It was revealed that four vehicles and four petrol tankers also caught fire. The inferno started inside the filling station along Ring-Bauchi Road in Jos North local government at weekend around 10pm when the filling station workers were […]
Continue Reading
Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to rapidly end petroleum […]
Continue Reading
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 […]
Continue Reading
Operatives of the Nigeria National Petroleum Corporation (NNPC) surveillance team on Wednesday arrested a policeman and a tanker driver who were part of a pipeline vandals syndicate reportedly using a Lagos hotel as a base. The surveillance team traced the smell of petrol to a burst pipeline which was allegedly channelled to a waiting tanker at […]
Continue Reading
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 […]
Continue Reading