Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that four of the vessels had petrol consignment. It said that four […]
Continue Reading
The House of Representatives Ad-hoc Committee on Review of Pump Price of Petrol has called on private marketers of petrol to sell at the government-regulated price. The Chairman of the committee, Rep. Raphael Igbokwe, made the call during an oversight visit to Liquid Bulk Ltd., Conoil, DELMAR Petroleum Company Ltd. and some other petrol marketers in […]
Continue Reading
Members of the House of Representatives say “unnecessary charges” by Petroleum Products Price Regulatory Agency (PPPRA) are the reason Nigerians pay N145 per litre for premium motor spirit (PMS). At a public hearing on Monday, the ad hoc committee on the review of PMS said the 145 per litre pump price was causing Nigerians “great […]
Continue Reading
The Nigerian National Petroleum Corporation (NNPC) has advised Nigerians to stop panic buying of petroleum products, emphatically stating that there are no plans to increase the price of the products. Ndu Ughamadu, spokesman of the corporation, said the corporation had a 1.3billion litres stock of premium motor spirit (PMS), otherwise called petrol, which is sufficient […]
Continue ReadingThe Nigerian National Petroleum Corporation (NNPC) has again debunked report of plans to increase the pump price of petrol. Mr Garba Deen Muhammad, Group General Manager, Group Public Affairs Division of NNPC said on Monday NNPC was not empowered to increase prices of fuel. The corporation, he said, was not empowered statutorily to tinker with […]
Continue ReadingThe Federal Government, weekend, said it would undertake a review of the pricing template for Premium Motor Spirit, PMS, also known as petrol, to forestall a further increase in the price of the commodity. Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, stated this during a grand award ceremony organised by the Petroleum Products […]
Continue ReadingThe Nigerian Ports Authority, has revealed that thirty three ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Oct. 25 to Nov. 31. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’. NPA said that the expected ships […]
Continue Reading