It’ll Be Cheaper To Run Gas-fired Vehicles – Fed Govt         The Federal Government on Tuesday at the inauguration of the autogas scheme in Abuja said motorists who run their vehicles on autogas will spend less fund in refilling their tanks than those using Premium Motor...

N12.75bn Petroleum Products Lost In Eight Months – NNPC         The Nigerian National Petroleum Corporation has put the value of petroleum products lost from January to August this year at N12.75bn. Data obtained from the NNPC showed that N1.71bn worth of petroleum products was lost in January;...

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...

NNPC Cuts Losses To N82bn From N800bn       The Nigerian National Petroleum Corporation (NNPC) yesterday said losses from vandalism and oil theft has reduced from N800 billion in 2018 to less than N82billion, a feat attributable to clampdown on vandals by joint security efforts. Its Group Managing...