Fuel Marketing Companies’ Revenue Decline By N331.54bn
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the COVID-19 […]
petroleum products
Daily fuel consumption hits 72.72m litres, marketers blame smuggling
Petrol supply by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to […]
No hike in petrol price until talks with labour is concluded –NNPC
The Nigerian National Petroleum Corporation (NNPC) on Friday assured Nigerians that it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the […]
PMS: NNPC Says Ex-Depot Price Stays until End of Talks with Labour
The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing […]
FG refineries earn N21bn, lose N778bn in 5 years
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data […]
Fuel hike: DPR seals defaulting outlets in Abia
The Department of Petroleum Resources (DPR), has sealed some filling station selling Premium Motor Spirit (fuel) above the official pump price.The operation was carried out […]
FG Apologizes to Nigerians Over N212.61 Per Litre New Petrol Price
The government of Nigeria has tendered an apology to Nigerians on Friday over the confusion surrounding the latest fuel price increment. Speaking at the groundbreaking […]
#FuelPriceHike sparks anger on Twitter
Nigerians have expressed dissatisfaction over the purported increase in the pump price of premium motor spirit also known as petrol by the Federal Government to […]
PPPRA makes a U-turn, deletes template announcing petrol price increase
In the wake of the outrage that greeted the increase in the price of Premium Motor Spirit also known as petrol, the Petroleum Products Pricing […]
#FuelPriceHike: No increase in petrol depot price this month, NNPC insists
The Nigerian National Petroleum Corporation has insisted that there is no increment in the ex-depot price of Premium Motor Spirit also known as petrol this […]
Cross River: IPMAN raises alarm over proliferation of illegal fuel stations
The Cross River Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the proliferation of illegal fuel stations in the […]
FG Plans 20% hike in petrol freight cost
The Federal Government is planning a 20 per cent hike in the cost of freighting petrol across the country, as part of measures to boost […]
No Increase In Petrol Price In March – NNPC
The Nigerian National Petroleum Corporation (NNPC) has stated that there would not be an increase in the price of petroleum products in the country. A […]
Marketers raise petrol price to N170, depots suffer shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations […]
No plans to hike price in February- NNPC
The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase fuel price from February. There had been speculations the prices of petroleum products may […]
NNPC Records 92% Increase in Sales of Petroleum Products in October…Increases Gas Supply to Power Plants by 8.60%
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded a total of ₦158.04 billion from […]
Domestic Gas Consumption Rises, Exceeds 1m MT – PPPRA
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million […]
Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020
Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude […]
Nigeria Imports N1.62trn Petrol In 9 Months
Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National […]
Oil Marketers Seek FG’s Approval To Fix Refineries
Oil marketers have expressed willingness and capacity to fix Nigeria’s dysfunctional refineries and get the facilities running in the shortest possible time. Operators of retail […]