President Bola Tinubu has assured that measures would be taken to stabilise demand and supply of petroleum products in the country. Presidential spokesman, Ajuri Ngelale, who disclosed this on Tuesday, said the measures would involve addressing inefficiencies noticed in the…
Petrol tanker explodes, Lagos filling station, building burnt, many homeless
There was pandemonium at Idi-Oro, in the Mushin area of Lagos State, on Wednesday, when a tanker loaded with Premium Motor Spirit (petrol) exploded at a Mobil Filling Station in the community. The fire was said to have spread to…
How profiteering by NNPC’s DSDP contractors landed Nigeria in dirty fuel saga
There are strong indications that excessive and unfair profit seeking practice by some contractors handling Nigeria National Petroleum Corporation (NNPC) Limited crude-for-fuel swap contracts may be the reason off-spec petroleum product made its way into Nigeria. In May last year,…
Petrol queues resurface in Abuja over fear of price hike
Long queues have appeared in Abuja for the purchase of Premium Motor Spirit also known as petrol, few days after normalcy returned to the area. The News Agency of Nigeria (NAN) reports that long queues returned to retail outlets in…
No plans to increase petrol price – NNPC assures Organised Labour
The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month February. The corporation gave the assurance in…
FG reduces petrol pump price to N121.50
The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, which is an agency of the Federal Government, disclosed this in…
Customs seize caskets containing 19 jerry cans of petrol in Ogun (Vanguard)
Men of the Nigeria Customs Service have intercepted 19 Jerry cans of Premium Motor Spirit (PMS) concealed in two caskets with a view of smuggling it out of the country in Idiroko area of Ogun State. This was contained in…
Paradox of an oil producer (New Telegraph)
Recently, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, was full of excitement as he rolled out what he called the achievements of the Corporation in 2018. Noting that the three refineries in Nigeria have suffered…
Fuel prices, cooking gas, diesel decreased in July – NBS
The average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 year-on-year and -0.9% month-on-month to N146.80 in July 2018 from N148.10 in June 2018, according to the National Bureau of Statistics report released Tuesday. In the report,…
