OIL

Enyo Retail and Supply Limited has officially unveiled a new retail station to provide more access to customers for fuel purchase. The new station located in Badore is the company’s 40th retail station in Lagos and the 95th in the country. The automated facility has an in-built Enyo Vehicon with well-trained Engineers and Technicians to fix customers’ cars to the ...

The truck out of premium motor spirit, petrol, stood at 80.23 million litres as at April, 8, 2021, the Petroleum Products Pricing Regulatory Agency, PPPRA, has reported. The latest PMS truck out data posted on its official website showed that the truck out came from 54 depots across the country. According to the report, Lagos State received most supply with ...

The House of Representatives Ad-hoc Committee on Tank Farms, Petrol, and LPG are visiting petrol stations across the country to ensure compliance and safety precautions. This has been a concern to operators of the downstream who believed the lawmakers are over stretching their bounds usurping the responsibility of the Department of Petroleum Resources (DPR). Nigerian lawmakers are visiting petrol stations ...

The Petroleum Products Pricing Regulatory Agency (PPPRA), the Nigerian National Petroleum Corporation (NNPC) and stakeholders in the downstream petroleum industry met on Friday to review the petrol pricing template for April. It was said that the meeting became necessary as the ex-depot price of the commodity has hit N234/litre due to the spike in crude oil prices at the international ...

………….by Musa Ibrahim………..The Nigerian National Petroleum Corporation (NNPC) has said that the price of the Premium Motor Spirit ( PMS) otherwise known as petrol will remain at N162 per litre until the on going negotiation with the organized labour is concluded.NNPC said it would maintain its current ex-depot price of petrol until the conclusion of ongoing engagement with the organized ...

……..by James Ikenna…… The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari, has said that the burden of subsidy is weighing down the financial capacity of the corporation. As a result NNPC can no longer provide the N120 billion monthly subsidy of the 60 million metric tones of (Premium Motor Spirit) consumed by Nigerians daily. This complain ...

The Department of Petroleum Resources, (DPR) Field Office, in Enugu has sealed eight petrol stations in Enugu for dispensing Premium Motor Spirit, PMS, above the approved government pump price. The Head, Operations, Mr Afam Azuike who announced, said the action was in reaction to public outcry over the weekend that petroleum marketers had arbitrarily increased the pump price PMS. On ...

Nigerians may pay an increased sum of about N12.61bn every month for the purchase of petrol should the Federal Government implement the N212.61/litre price published by the Petroleum Products Pricing Regulatory Agency on Thursday night. Going by this, users of petrol across the country may need to pay as high as N37.83bn quarterly for the purchase of the commodity if ...

Independent Petroleum Marketers Association of Nigeria, IPMAN, has said that scrapping of Petroleum Equalization Fund (PEF) will ensure full deregulation. They therefore called on the Federal Government to scrap the management and Board of PEF, and in its place make the 21 petrol depots across the country functional and accessible to oil marketers. IPMAN National Publicity Officer, Elder Ukadike Chinedu ...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has said that there is no increased in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol. The Agency said that it’s attention has been drawn to speculations about the increased pump price of petrol. PPPRA in a statement said that the Guiding Prices posted on its website was only ...