Reps Subsidy, Refineries Repairs’ Panel May Invite NNPC, Marketers   The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has begun investigation of the current state of the country’s four refineries and the amounts spent on the ‘Turn-Around Maintenance’ of the...

Oil Marketers Seek FG’s Clarification On Subsidy Removal Suspension   The Major Oil Marketers Association of Nigeria has said it is seeking clarification from the Federal Government on how the suspension of petrol subsidy removal will affect market operations. The Federal Government had last week suspended its...

Fuel Queues In Abuja Worsen As Supply Crisis Lingers   Oil marketers on Monday attributed the widespread queues for Premium Motor Spirit, popularly called petrol, in Abuja and environs to the lingering crisis in the supply of the commodity. It was also learnt that many tank farms...

Nigeria’s Petrol Imports Rise By 55%, Hit N2.52trn In Nine Months     The cost of Premium Motor Spirit, also known as petrol, imported into Nigeria from January to September this year surged by 55.56 per cent to N2.52tn from the N1.62tn spent in the same period...

Oil Marketers Seek Removal Of VAT On Imported Cooking Gas       The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The...

Oil Marketers, TUC Disagree With Senate On Fuel Imports       Fuel marketers and the Trade Union Congress of Nigeria, on Tuesday, expressed their opposition to a provision in the Senate version of the Petroleum Industry Bill that allowed only active refinery licence holders to import petroleum...