petrol

Regulator vows to sanction petrol marketers breaching official prices, shuts down 7 defaulting depots

The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) yesterday vowed to revoke the licences of petrol marketers selling above the…

4 years ago

Marketers behind petrol scarcity, high pump price – PENGASSAN

Petrol marketers are behind the lingering product scarcity and the instability in pump price, oil workers under the auspices of…

4 years ago

Without fuel subsidy, a litre of petrol will cost over N400 — NNPC

The Group Chief Executive Officer of NNPC Limited, Mele Kyari says the only reason Nigerians still buy Premium Motor Spirit…

4 years ago

Customs arrest 11 suspects over smuggling of N671m petrol, rice

Operatives of the Zone A Federal Operations Unit of Nigeria Customs Service on Wednesday said it arrested 11 suspects in…

4 years ago

Why Petrol Is Still Scarce In Abuja After Lokoja Flood – IPMAN

President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Debo Ahmed, says petrol is still scarce in the Federal Capital Territory…

4 years ago

Are we drinking petrol, Sanusi questions NNPC claim on daily fuel consumption

Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, has questioned the volume of petrol claimed to be…

4 years ago

NNPCL: petrol to sell for N462/litre without subsidy

Corporation defends 68m-litre daily consumption claim Dares Customs CG, ready for forensic audit Without subsidy, petrol will sell for N462…

4 years ago

Subsidy: FAAC demands petrol consumption records from NNPC

The Federation Account Allocation Committee (FAAC) has asked the Nigerian National Petroleum Company (NNPC) to submit state-by-state consumption of Premium…

4 years ago

Queues disappear as marketers hike petrol pump price in Abuja

Oil marketers yesterday unilaterally raised the pump price of petrol from N165 per litre to N185 in disregard to the…

4 years ago

Petrol subsidy could hit N6trn by end of year, IMF warns

The International  Monetary Fund, IMF, said yesterday that Nigeria’s subsidy bill would hit N6 trillion by end of this year.…

4 years ago