The Lagos State Task-Force on Environment says it has arrested 43 persons for alleged adulteration and seized tankers suspected to contain 2.5 million litres of adulterated diesel at Alausa, Ikeja. The chairman of the task force, SP Olayinka Egbeyemi, confirmed the arrest to journalists on Sunday. “Adulterated diesel of about 2.5 million litres was fully loaded inside gallons and six […]
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The Central Naval Command, Yenagoa, on Saturday said it seized a vessel laden with 600,000 litres of suspected illegally refined automotive gas oil also known as diesel. A statement issued by Lt. Cdr Edward Yeibo on behalf of the command’s Flag Officer Commanding (FOC) said that two of the four suspected oil thieves were arrested while loading the barge with […]
Continue reading »As the scarcity of kerosene continues to hit many households in the country, some fuel marketers are mixing the product with black oil to get Automotive Gas Oil, popularly known as diesel, our correspondent has learnt. Sources said the rise in the price of diesel was responsible for the development, which, according to them, has been on for some time […]
Continue reading »The Department of Petroleum Resources (DPR) has raised the alarm over adulteration of diesel in the market and vowed to clamp down on the perpetrators of the act. Speaking recently in Lagos when officials of the regulatory agency uncovered two illegal engine oil manufacturing factories in Ikugbayi Street, Marine Bridge and Raji Rasak Estate in FESTAC Town area in the […]
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TRADITIONAL REASONS FOR HIGH DIESEL PRICE Traditionally, upward swing in diesel price is usually due in part to the rising price of crude oil in the international market, age-long failure of local refineries to meet production target and lack of clear cut policy by the Federal Government on the deregulation of the downstream sector. Chief among these reasons has always […]
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WHEN the price of crude oil started crashing in August last year, expectations were high that domestic pump prices of refined petroleum products would also decline, giving businesses and individuals a much-needed relief. The price of crude oil, which constitutes a major component in the pricing template, had plunged by about 60 per cent since June 2014 when it peaked […]
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Diesel Fuel Cost In Nigeria, fuel for trucking rank way ahead of the other major uses either as a source of domestic energy supply for most homes or as the power behind the productive activities in many industrial establishments and corporate enterprises (this is directly traceable to the not so impressive condition of public power supply). The proportion of diesel […]
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