Oil marketers have advocated for a reduction in the pump price of diesel to N700 per litre to help improve the distribution of petrol across the country. The President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), Mr. Benneth Korie Doi, stated today in Abuja that the high cost of diesel used […]
•Petrol scarcity The federal government has threatened to withdraw licences of oil marketers found guilty of hoarding Premium Motor Spirit otherwise known as petrol, following the unabated scarcity in Abuja, Niger, Nasarawa, Kaduna, and many other states. Some states, especially those in the North have witnessed continuous petrol scarcity for ...
•Dangote Refinery There are strong indications that the Dangote Petroleum Refinery may not roll out petrol today in line with its earlier schedule. The President, Dangote Group, Alhaji Aliko Dangote, had last month projected that the refinery would begin the production of petrol between August 10 and 12, 2024. However, findings reveal that the...
•Fuel scarcity The Nigerian National Petroleum Company Limited (NNPCL) today, Wednesday, August 7, insisted that it is not short of the Premium Motor Spirit (PMS) petrol. NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, who confirmed this to our correspondent on the phone, also said he was yet to know if there were supply issues...
•Fuel scarcity Amid the widespread petrol scarcity and the public’s demand for lower prices, downstream operators are calling on President Bola Ahmed Tinubu to closely examine the activities of the Nigerian National Petroleum Company Limited (NNPCL), the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA), and the Nigerian ...
•Petrol dispenser The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced yesterday. MEMAN disclosed this during a webinar with journalists yesterday. The association revealed that the landing cost of diesel was N1,157/litre, wh...
The long queues for Premium Motor Spirit (PMS), popularly known as petrol, which first hit the Federal Capital Territory (FCT) last weekend, and has now spread to various parts of the country, is as a result of a sudden disruption in the supply chain by natural factors. This was the explanation provided yesterday by the […]
Petroleum marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), covering Oyo and Osun State are presently holding a meeting in Ibadan, Oyo State capital over the possible review of the current petroleum pump price. Findings at the IPMAN Secretariat located at Odo-Ona, off Ibadan-Abeokuta expressway, r...
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following current nationwide scarcity which has seen prices of Premium Motor Spirit (PMS), also known as petrol, surge to betw...
•Fuel Scarcity The Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the pro...
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