Why PPMC Stopped Announcing Monthly Ex-depot Price - NNPC         The Nigerian National Petroleum Corporation (NNPC) on Monday revealed why its subsidiary -Pipeline Products Marketing Company (PPMC) stopped announcing its monthly ex-depot price of the Premium Motor Spirit (PMS). Its Group General Manager, Group Public Affairs Division,...

#EndSARS: Oil Marketers Suspend Transportation Of Petrol, Others         Oil marketers have asked petroleum tanker drivers to temporarily suspend the movement of petrol, diesel, Liquefied Petroleum Gas, among others, as a result of the #EndSARS protests in various locations nationwide. It was also gathered that the decision...

Consumers Paid N76.5bn Extra For Petrol After Deregulation       More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year. After the Federal Government deregulated the downstream sector of the oil industry on March...

W/Bank Supports FG On Petrol Subsidy Removal       The World Bank said on Thursday that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis. The bank, in its ‘Africa’s Pulse’ report entitled ‘Charting the road to recovery’, said countries in sub-Saharan...

Petrol: Comparing Nigeria With Saudi Arabia Ridiculous, TUC Tells Buhari       The Trade Union Congress of Nigeria has condemned the comparison between Nigeria and Saudi Arabia made by President Muhammadu Buhari, in his Independence Day address. The President, TUC, Quadri Olaleye, in a statement on Thursday, said...

Petrol Supply Fell By 23.88% In July, Says NNPC       The volume of petrol supplied in the country declined by 23.88 per cent in July to 1.02 billion litres, according to the Nigerian National Petroleum Corporation. The NNPC said the 1.02 billion litres translated to 32.95 million...