Tag: Fuel
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Dangote refinery, IPMAN reach agreement on weekly fuel deal
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria have signed a 60 million-litre weekly Premium Motor Spirit supply deal. This comes as IPMAN confirmed that fuel prices have marginally reduced across its member filling stations nationwide.
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Aftermath of fuel subsidy removal cross-border fuel smuggling drastically dropped – NNPCL boss
Aftermath of removal of fuel subsidies in Nigeria cross-border smuggling of Premium Motor Spirit has drastically reduced. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari explained that the subsidy created a price disparity between Nigeria and neighbouring countries, making smuggling highly profitable. Before…
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PMS palaver: Customs sells impounded fuel at N630 per litre
The Nigeria Customs Service (NCS) has sold Premium Motor Spirit, popularly known as petrol impounded by its operatives in Yola, Adamawa State. NCS Comptroller General, Bashir Adeniyi, disclosed this during a press briefing in the North-Eastern state. Represented by the NCS Deputy Controller General, Olaniyi Olajugun, the Comptroller General announced the “immediate auction of the…
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Fresh price of fuel: Tinubu’s govt says “count us out, we’ve no link to it”
Expectedly , the Federal Government has said it has nothing to do with the recent increase in fuel prices, citing the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise prices in response to prevailing market conditions. The price hike, which saw fuel prices jump from N897 to N1,030 in Abuja, N855 to N998 in…
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Just in: This is just beginning of fuel scarcity, be ready for more— NNPCL official tells Nigerians
Nigerians have been advised to brace for more fuel scarcity following the recent hike in the pump price of the product. The Executive Vice President of Nigerian National Petroleum Company Limited (Downstream), Adedapo Segun, said this while speaking on Thursday on a national TV program. Scarcity: NNPC constitutes economic danger, sell it He emphasised the…
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Just in: I had no agreement with labour on fuel price-Tinubu declares
President Tinubu has denied reaching any agreement with Labour on the Fuel Price increase. The Presidency has said at no time did President Bola Tinubu promise the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) that his administration would not increase the pump price of fuel. The Senior Special Assistant to the President…
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Dangote’s fuel supply will aid economic revival – Gov Abiodun
Gov. Dapo Abiodun of Ogun has said production by the Dangote refinery will strengthen the nation’s economy by eliminating constant shortages and conserving foreign exchange. This is contained in a statement in Abeokuta by Abiodun’s Chief Press Secretary, Lekan Adeniran.
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JUST IN: HoR backpedals, dissolve Cttee probing adulterated fuel import
The House of Representatives has resolved to dissolve the current ad-hoc Joint Downstream and Midstream Committee investigating the importation of adulterated petroleum products, the non-availability of crude oil for domestic refineries, and other critical energy security issues. At the committee’s inauguration penultimate Monday, the Deputy Speaker, Benjamin Kalu, speaking on behalf of the Speaker, Tajudeen…
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Why I removed fuel subsidy – Tinubu
President Bola Tinubu says the Federal Government decided to remove fuel subsidy and abolish multiple foreign exchange rates to grow the economy for national development. The president said this while addressing the nation in a broadcast on Sunday on the ongoing nationwide protest.
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Fuel stations to operate longer hours to aid PMS supply – NNPCL
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says fuel stations are to operate longer hours for supply and distribution of petrol, calling on fuel stations to aid availability in view of the current tight situation. The NNPC Ltd. says the turnaround period of PMS trucking is also elongated to ease the situation being witnessed.