Motorists in Lagos on Thursday lauded the Department of Petroleum Resources (DPR) for its intervention by compelling petrol dealers hoarding the product to dispense to motorists.
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The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay the outstanding fuel subsidy claims to its members to pay back their bank loans.
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The Nigerian Union of Petroleum and Natural Gas Workers has criticised the proposed N5 petrol levy by the Senate, describing it as a huge joke.
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— Motorists to pay N5 tax on one litre — Govt to maintain roads with funds — IPMAN, NUPENG oppose move A Fresh increase in the pump price of petrol is among the contents of a bill that has been approved by the Senate Committee on Works. It was presented yesterday for enactment by the upper chamber.
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The capacity of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) to import petroleum products has continued to weaken as unpaid subsidy claims and matured Letters of Credit (LCs) arising from the old subsidy regime hit $2 billion.
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The petrol scarcity rocking Ekiti State has reached a crisis state as black marketers have hijacked the process and now engage in open hawking of the product.
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— Takes over imports — Oil Corporation explains position — Independent marketers abandon 198 depots, tank farms
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A coalition of youths in Ekiti has threatened mass action against petroleum marketers in the state for cutting off the fuel supply to residents.
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The Nigerian National Petroleum Corporation on Wednesday announced that it had re-commissioning its Kano depot so as to boost the supply of petroleum products in the northern region.
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The Lagos State Command of the Nigeria Security and Civil Defence Corps says 12 officials involved in the alleged torture and robbery of two employees of an oil company in the state (READ IT HERE) have been suspended and taken into custody.
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The Petroleum Tanker Drivers (PTD) section of the Nigeria Union of Petroleum and Natural Gas workers (NUPENG) has denied the allegation that the detained Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, incited it to embark on strike and cause economic sabotage.
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The Federal Government has said it would further review its pricing template for petrol with the aim of removing several multi-layered charges and costs that affect the pump price of petrol at service stations across the country.
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