Ojulari said the industrial action halted loading and distribution for several days, creating an “artificial” spike in prices. He explained that as operations resume, supply is gradually stabilising and prices are expected to ease. “The increase you saw was relatively artificial because movements and loading were delayed by about two or three days,” he said. […]
It also adjusted its petrol pump price to ₦915 per litre at several of its Lagos retail outlets, marking a fresh upward shift in the downstream retail market. The latest increase marks a fresh spike of N45 and N35 in Lagos and Abuja, respectively, up from the previous prices of N870 and N910 per litre. […]
Soneye said the resignation is to allow him to devote more time to my family and attend to personal responsibilities that now require my closer presence. According to the statement, “I extend my heartfelt gratitude to you all for the unwavering support, professionalism, and genuine commitment you’ve shown in helping to shape and amplify the […]
The Petroleum Products Retail Outlets Owners Association of Nigeria has lauded the Federal Government under the watch of President Bola Tinubu and the management of the Nigerian National Petroleum Company Limited for reportedly running the revamped Port Harcourt refinery for 180 days non-stop. The refinery, which had been dormant for over 20 years, was revamped […]
The Residents of the Federal Capital Territory, FCT, have been left stranded and grappling with fuel shortages following the sudden closure of several retail outlets owned by the Nigerian National Petroleum Corporation Limited within the capital city.
President Bola Tinubu has extolled the virtues of the Group Chief Executive Officer of the national oil company, Mele Kyari as he marks his 60th birthday today.
Special Adviser to President Bola Tinubu on Energy, Olu Verheijen disclosed this at an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the US State Department, in Washington, DC. Speaking at a luncheon organised as part of the inaugural dialogue, Verheijen said the upstream gas project would deliver 350 million standard cubic feet of gas per […]
It also noted that interested marketers would have to buy the product from the national oil firm through its trading company. This was part of the agreement reached with the management of Dangote Refinery on the commercial terms for the supply of crude oil to the refinery and the off-taking and distribution of petrol and […]
Amid the lingering fuel scarcity in the country, the NNPCL increased the pump price of petrol from ₦568 to ₦855, ₦897 – depending on the location per litre. Condemning the move in a statement, NLC President, Joe Ajaero, accused the Federal Government of betraying labour movement. According to the NLC President, the current administration is […]
The Federal government has rubbished reports on social media suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. A report, intending to mislead the public and cause panic, which is devoid of truth, circulating in the media had maliciously claimed that the minister of Petroleum, […]