Tag: Oil Marketers
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NNPC portal shutdown against dealers- Marketers
Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase.
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Major oil marketers give update on fuel supply
The Major Energies Marketers Association of Nigeria (MEMAN) says the distribution of petroleum motor spirit, commonly known as petrol, has begun from depots to filling stations in Lagos and other states. Mr Clement Isong, speaking to NAN in Lagos, said this amid the ongoing fuel scarcity in the Lagos metropolis.
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Fuel Queues: FG appeals, as oil marketers down tools
The Federal Government has assured to address the concerns of oil transporters and distributors to ensure smooth distribution following the high cost of operations and maintenance of trucks used in the distribution of petroleum products.
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Oil marketers advocate for natural gas as alternative to petrol
Oil marketers in the country have asked the Federal Government to approve the deployment of Compressed Natural Gas (CNG), saying that it’s 400 percent cheaper than Premium Motor Spirit, popularly called petrol. Recall that the removal of petrol subsidy has spiked PMS from N198/litre to an average of N540/litre across the country, a development that…
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Special Report: Fuel Scarcity and the alleged plot to scuttle Nigeria’s 2023 election
Nigeria’s prolonged fuel scarcity has continued to defy measures announced by the Federal Government to curtail it. Despite the long fuel queues and the skyrocketing prices of food commodities occasioned by scarcity of Premium Motor Spirit (PMS), popularly known as fuel in the country, the Group Chief Executive Officer of the Nigerian National Petroleum Company…
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If subsidy is removed petrol price could jump to N800/litre – Oil marketers
The oil marketers in the country have hinted that the price of Premium of Motor Spirit (PMS) could hit N800 a litre if the subsidy on the product is totally removed. Recall that there has been a scarcity of PMS for the past few months and it has caused many filling stations to either hoard…
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DSS, oil marketers set to clear petrol queues in 48 hours
The Department of State Devices (DSS), at a meeting with oil marketers and other stakeholders, has resolved to address the challenges of fuel scarcity and lingering queues at filling stations within 48 hours. The Public Relations Officer of DSS, Dr. Peter Afunanya
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FG denies increasing petrol pump price
The Federal Government on Monday has denied increasing the pump price of Premium Motor Spirit (PMS) insisting that it was oil marketers who did. FG reiterated that the difference in the cost of the commodity depending on one’s location was arrived at by these marketers.
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Oil marketers increase pump price to N170-N190/litre
The price per litre of Premium Motor Spirit (PMS) also known as petrol has been adjusted from N165 to a range between 175-190 per litre in filling stations across the country, after oil marketers and the Federal Government had a subtle agreement.
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N800b subsidy debts: Senate gives FG two-week ultimatum
Worried by possible fuel supply crisis in the country, the Nigerian Senate has issued a two-week ultimatum to the federal government to pay off the N800 billion subsidy debts owed oil marketers. TheNewsGuru (TNG) reports Senate issued the ultimatum on Thursday, urging the FG to as a matter of urgency direct relevant agencies to pay…