Marketers Kick Against N5 Reduction In Petrol Pump Price
Against the backdrop of the N5 reduction in the price of Premium Motor Spirit (petrol) announced by the Federal Government, fuel marketers have said it is not possible to sell the product at N162 per litre...
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...
