The Nigerian National Petroleum Corporation (NNPC), on Sunday, said its sustained, strategic intervention in the supply and distribution of petroleum products, has led to significant price fall of products nationwide.
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Oil marketers have said they will embark on mass retrenchment following the failure of the Federal Government to pay the debt owed them for importation of petroleum products as well as the accrued interest on loans from banks and exchange rate differential.
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Dr. Ifeanyi Ubah, the managing director of Capital Oil and Gas Limited has been released from DSS’s detention.
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The House of Representatives Ad-hoc Committee on Review of Pump Price of Petrol has urged the Port-Harcourt Refining Company (PHRC) to improve on 3.523 million litres of petrol (Premium Motor Spirit) produced per day.
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The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Kacalla Baru has said plans are ongoing to stop importation of Premium Motor Spirit (PMS) to the country.
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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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The Director of Lagos State Fire Service, Mr. Rasak Fadipe, on Tuesday said they recovered two bodies from a petrol tanker and a deep well on Monday in the state. He told the News Agency of Nigeria (NAN) on Tuesday that an unidentified man, who attempted to steal petrol inside a stationary tanker, was suffocated by the fumes and died. […]
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Six ships laden with Premium Motor Spirit (PMS) otherwise known as petrol, have arrived Lagos ports, waiting to discharge. The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of Nigeria (NAN) on Friday in Lagos. The document indicated that two other ships had arrived […]
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