BRITAIN: Plans to ban the sale of new diesel and petrol cars by 2040 in a bid to encourage people to buy electric vehicles are a “tall order” and will place unprecedented strain on the National Grid, motoring experts have warned.
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Britain will ban the sale of new petrol and diesel-powered cars from 2040 as part of a plan to get them off the roads altogether 10 years later, Environment Minister Michael Gove said on Wednesday.
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The Nigerian Navy says it has impounded five vessels and two metallic barges illegally transporting 1,690 metric tons of diesel, in an operation in Rivers State.
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The Federal Government’s ban on the importation of dirty fuels into the country failed to come into effect on July 1, 2017 as announced in December last year.
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The Nigerian National Petroleum Corporation says price of diesel has dropped from between N175 and N200 per litre to between N155 and N160 per litre across the country, about 42% drop, within a period of six months.
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The Nigerian National Petroleum Corporation, NNPC, on Sunday, disclosed that some of its key strategic interventions have led to a crash in the price of Automotive Gas Oil, AGO, otherwise called Diesel, to between N175 to N200 per litre across the country.
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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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