The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya, made the clarifications on Monday in Abuja. Ajiya…
Gridlock as petrol tanker explodes on Lagos-Ibadan Expressway
A tanker conveying Premium Motor Spirit (PMS) on Saturday morning exploded after falling on its side at Ibafo axis of the Lagos-Ibadan Expressway, causing gridlock. Mrs Florence Okpe, the spokesperson, Federal Road Safety Corps (FRSC) in Ogun, confirmed the incident…
NNPC Ltd says cause of tightness in fuel supply resolved
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country, saying it is as a result of logistics issues and that they…
No plan to increase fuel pump price, taxes –FG
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…
