Against the backdrop of a new increase in petrol price, marketers have adopted a wide range of price differentials nationwide with petrol stations owned by the Nigerian National Petroleum Company Limited, NNPCL, among the highest pump prices. While it was learnt that the latest upward adjustment has fixed the base price at N855 per litre, [&he...
Nigerians, especially motorists, woke up today to discover that the Nigerian National Petroleum Company Limited (NNPCL) had increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦855 per litre from the previous ₦617 per litre. This unexpected price hike shocked many Nigerians, prompting them to flock to nearby NN...
•Rebecca Cheptegei A Ugandan Olympian is in intensive care in a Kenyan hospital after being doused with petrol and set on fire allegedly by her partner, officials said today, the latest horrific incident of gender-based violence in the East African country. Long-distance runner Rebecca Cheptegei, 33, was assaulted after her Kenyan partner Dick...
Nigeria’s downstream petroleum industry may have gone into a frenzy, following clear indications that the federal government may no longer sustain the cost of under-recovery, otherwise known as subsidy, due to the steady rise in petrol import bills. Industry operators told our correspondent yesterday that it is now clear that pump price may be...
•Femi Falana Human rights lawyer Femi Falana says the “importation scam” around petrol must be investigated. “It is high time the importation scam was investigated,” he said on Channels Television last night. “I am not talking about the joke that is going on in the National Assembly. The media must help, civil society organisations must [&hell...
•Fuel queues Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre. Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company, reports The PU...
•Oil tanks Many tankers are currently at various depots in Lagos waiting to load Premium Motor Spirit, popularly called petrol, for onward delivery to states across the country as the scarcity of PMS worsens. It was gathered yesterday that though some of the trucks had started loading, the supply of the product by the Nigerian […]
•Petrol scarcity Petrol supply has continued to be on and off across the country forcing many filling stations not to dispense the product, investigations in the Federal Capital Territory (FCT) and many states across Nigeria have shown. Our investigations show that the product sells for close to N1,000 per litre at some stations belonging to [...
•Managing Director and Group Chief Executive Officer, NNPCL, Mele Kyari The Nigerian National Petroleum Company Limited has demanded a refund of N4.71 trillion from the federal government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange rate differenti...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the landing cost per litre of Premium Motor Spirit (PMS) known as petrol has made it impossible for petrol marketers to import the essential commodity just as being done by the Nigerian National Petroleum Company (NNPC) Limited. “Right now, the landing cost of PMS is over ...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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