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 ...
•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 The Nigerian National Petroleum Company Limited (NNPCL) has confirmed fuel supply and distribution challenges in some parts of Lagos and the Federal Capital Territory (FCT) but promised to work on restoring normalcy. “The NNPC Ltd. wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lago...
•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 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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