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NNPC: Amount Spent on PMS Hit N947.51bn Between January to April

NNPC: Amount Spent on PMS Hit N947.51bn Between January to April Operators in the oil and gas sector, as well as other stakeholders, have expressed concern at the continued increase in the amount spent on subsidizing Premium Motor Spirit, commonly called petrol, which jumped to...

Oil Marketers Plan 7,000 Autogas Stations With N250bn Loan

Oil Marketers Plan 7,000 Autogas Stations With N250bn Loan       Oil marketers have commenced the process of converting over 7,000 retail outlets across the country to autogas stations as part of measures to deepen the use of gas in automobiles. It was gathered that the marketers were...

We Can’t Restock, Scarcity Worsening – Petrol Marketers

We Can’t Restock, Scarcity Worsening - Petrol Marketers       Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks with products. It was gathered that the recently...

Oil Marketers Seek FG’s Approval To Fix Refineries

Oil Marketers Seek FG's Approval To Fix Refineries       Oil marketers have expressed willingness and capacity to fix Nigeria’s dysfunctional refineries and get the facilities running in the shortest possible time. Operators of retail outlets in the downstream sector of the oil industry called on the Federal...

Oil Marketers Refuse To Obey N5 Reduction In Petrol Price

Oil Marketers Refuse To Obey N5 Reduction In Petrol Price         Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction announced by the Federal Government last week. After meeting with officials of...

Marketers Kick Against N5 Reduction In Petrol Pump Price

Marketers Kick Against N5 Reduction In Petrol Pump Price         Against the backdrop of the N5 reduction in the price of Premium Motor Spirit (petrol) announced by the Federal Government, fuel marketers have said it is not possible to sell the product at N162 per litre...