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Bonnylight Energy Stimulates Petroleum Market With 20,000 Mt AGO

BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing and distribution of petroleum products and other related services have announced the supply of 20,000.00 MT of Premium Automotive Gas Oil (popularly known as diesel) into the Nigerian market. The product lifted from Amsterdam, Netherland is poised to wet the company’s tank ...

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Insecurity: IPMAN Threatens to Shut Down Petroleum Stations in Oyo State

…..by Abisoye Shola…….. Independent Petroleum Marketers Association of Nigeria, (IPMAN), Oyo State branch said in Ibadan yesterday that it may be forced to shut down all petroleum stations in Oyo State. IPMAN said that the security situation in the State is becoming worrisome The petroleum products marketers saidt the killing of innocent citizens in some parts of the state is ...

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PPPRA Cautions Petrol Marketers Against Profiteering

The Petroleum Products Pricing Regulatory Agency (PPPRA) has warned marketers of Premium Motor Spirit (PMS) and other petrol products against profiteering during the new year celebration and beyond. The Executive Secretary of the Agency, Abdulkadir Saidu, who issued the warning in Abuja, said the country has more than two billion litres and about 40 days of sufficiency. He said: “The ...

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Yuletide: PPPRA Assures of Adequate Petroleum Products

The Petroleum Products Pricing Regulatory Agency (PPPRA) has given assurance of availability of adequate petroleum products throughout the Yuletide period. The agency gave the assurance in a statement signed by its Executive Secretary Mr Abdulkadir Saidu, in Abuja, on Thursday. “The average stock of Premium Motor Spirit (PMS) also known as petrol, for both inland and marine between Dec. 12th ...

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NNPC Considers Third Party Financing Option For Oil Projects

The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. The Group Managing Director of NNPC, Mele Kyari made this known while playing host to the Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam. Kyari said that there was need for regular high-level interaction between the corporation ...

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FG Engages in Monopolistic Deregulation of Downstream Sector – IPMAN

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi has said there is need for Federal Government to enforced total deregulation of the petroleum downstream sector than engaging in monopolistic deregulation. Osatuyi said that government through the Nigerian National Petroleum Corporation (NNPC) has been the sole importers of petrol and few markets operating ...

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Yuletide: DPR Warns Against Panic Buying, Hoarding of Petroleum Products

The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period. Mr Benjamin Ogunnubi, the DPR Operations Controller in Osun, gave the warning on Thursday in Osogbo. Ogunnubi said there was no cause for panic buying, as the Federal Government had ...

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FG Unveils Strategies to Strengthen Oil and Gas Sector Post Pandemic

Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government has adopted key strategies to help strengthen the Nigeria petroleum industry after the COVID-19 pandemic and also insulate the economy from a future crash in the prices of crude oil. This was also as the Nigerian Association for Energy Economics, NAEE, argued that the Nigerian ...

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Border Opening: Marketers Seek Strict Monitoring of Distribution of Petroleum Products

…… Abisoye Shola…… Petroleum products marketers has called the federal government to ensure strict monitoring of the distribution of petroleum products as the borders are opened. This is to check snuggling of petroleum products a cross the Nigeria’s borders to neighbouring countries. The oil marketers, on Thursday, advised the government to ensure stricter monitoring of supply and distribution of petroleum ...

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Oil Marketers Dismiss Reduction, as FG Denies Price Fixing

……MOMAN and DAPPMAN demand access to forex……. ………..Ben Ndubuwa……… Oil Marketers have described as confusion the purported reduction of the price of Premium Motor Spirit (PMS) otherwise know as petrol saying that such reduction never existed. They said no pump prices have been fixed in the last few months. “So what price are you reducing N5 from. What are the ...

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