Market Forces Responsible for Fuel Hike, Says Kyari The Group Chief Executive Officer (GCEO) of NNPC, Mele Kyari says market forces were responsible for the increase in pump price of petrol, assuring Nigerians that there was no shortage in product supply. Kyari blamed market forces for...

JUST IN: NNPC Jerks up Fuel Price to N617 Per Litre  There are reports that the Nigeria National Petroleum Company Limited (NNPCL) has adjusted the pump price of PMS to N617 per litre. ECONOMIC CONFIDENTIAL correspondents observed this adjustment in several filling stations owned by the...

Marketers Call for Suspension of VAT on Diesel Oil marketers have called on the Federal Government to suspend the Value Added Tax on diesel, as it would further increase the burden on Nigerians. The Chairman of the Major Oil Marketers Association of Nigeria, and Chief Executive...

NNPCL Not Receiving Payments For Gas, Power Supplies – Kyari   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it is not getting payments for the supply of gas and power. It said it was one of the reasons why energy was not readily available...

Stolen Crude oil: Private Security Intercepts 800,000 Litres A private security contractor engaged by Nigerian National Petroleum Company Limited (NNPCL), Messrs Tantita Security Services, has intercepted a suspicious 800,000 litres capacity vessel with stolen crude oil. The Vessel, MT TURA II (IMO number: 6620462), owned by...

Electric Vehicle: NNPCL to Install Filling Stations’ Charging Ports The Nigerian National Petroleum Company Limited has announced plans to install charging ports across its filling stations nationwide to charge electric vehicles, as part of moves to reduce carbon emission. It also said the company would be...