Fuel Scarcity Looms As IPMAN Threatens To Shut Down Filling Stations     The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down all filling stations across the country. IPMAN warned that it might also cut down supplies from tomorrow should the federal government and...

Fuel Marketing Companies' Revenue Decline By N331.54bn       Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the COVID-19 pandemic. The companies, including Total Nigeria Plc and Conoil Plc, saw their combined revenue...

Petrol Subsidy To gulp N102.96bn In March         The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and...

Petrol Subsidy May Hit N11.2bn Per Week       The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in global oil prices pushed up the landing cost of the product. On February 5, when oil...

Fed Govt Lists Sanctions For Fuel Marketers         The Federal Government, through the Petroleum Products Pricing Regulatory Agency, has warned oil marketers and other operators in the downstream sector against non-compliance with the provisions of the Petroleum Products Commercial Framework Regulations. The PPPRA, in the regulations seen...

Nigeria To Resume Fuel Imports From Niger Republic       Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic. The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum...