Petroleum Minister Says Fuel Crisis to be Resolved Soon
The Minister of State for Petroleum, Heineken Lokpobiri has assured the public thatthe fuel crisis experienced across the nation would soon be resolved, noting that theNigerian National Petroleum Company Limited (NNPCL) has sufficient fuel supplies tomeet national demand. The Minister of State for Petroleum made this known while addressing State HouseCorrespondent in Abuja, after an […]
FG Unaffiliates Itself From NNPC Recent Petrol Price Hike
The Federal Government has denied a report that the Ministry ofPetroleum Resources ordered the NNPC Limited to sell petrol at ₦1,000 per litre. In a statement yesterday, the Special Media Adviser to the Minister for PetroleumResources (Oil), Nnemaka Okafor, declared that the report was concocted and ill-conceived to sow discord and confusion in the oil […]
Nigerians in for Tougher Times as Petrol rises to N855 per Litre
Nigerians are in for tougher times, following the price increase of petrol to N855per litre by filling stations belonging to the Nigerian National PetroleumCorporation Limited in Lagos. The price adjustment comes amid the ongoing fuel scarcity rocking the country,and days after the NNPC admitted that its capacity to supply petrol to localmarketers is threatened by […]
NNPCL Under Financial Strain
The Nigerian National Petroleum Company Limited is experiencing financialstrain, which has put considerable pressure on the company and poses a threat tothe sustainability of fuel supply. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statementyesterday, acknowledged reports regarding the company’s significant debt topetrol suppliers, noting that the financial strain had placed considerable pressureon the […]
FEC Approves Sale of Crude Oil to Dangote Refinery and others in Naira
The Federal Executive Council has approved the sales of crude oil to local Refineries in Nigeria, Including Dangote Refinery to be denominated in Naira at a fixed exchange rate. Announcing this after the FEC meeting on Monday, the Special Adviser on Revenue to the President and FIRS Chairman, Zack Adedeji explained that the strategic intervention is […]
Stakeholders in oil and gas speak on resolving issues
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has convened a high-level meeting with key stakeholders in the oil and sector to resolve issues surrounding the Dangote Refinery. The minister convened the meeting which held yesterday in Abuja to find a lasting solution to the current impasse affecting the Dangote Refinery, with all parties […]
NNPC – Fuel stations to operate longer hours to aid PMS supply
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says fuel stations are to operate longer hours for supply and distribution of petrol, calling on fuel stations to aid availability in view of the current tight situation. Its Executive Vice President, Downstream, Mr Dapo Segun, during a joint inspection of stations by the firm and the […]
Nigeria faces a fuel shortage despite the NNPC’s supply guarantee
Queues for Premium Motor Spirit (PMS) also known as petrol have continued to grow as the country faces a fresh round of fuel scarcity despite assurances by the (NNPC) Limited that it has resolved the cause of fuel shortages in the country. NNPC spokesman Olufemi Soneye had in a statement last week emphasised that the […]
Fuel Hits 600 naira in Port Harcourt Following NNPC’s Reviewed Prices
PMS pump price has hit 600 naira in Port Harcourt as fuel stations are now selling for N600 naira. This is coming after NNPC outlets in Abuja and Uyo resumed with a pump price of 617 on Tuesday Morning. As of press time, NNPC has yet to comment on the increment. However, social media users […]
