Tag Archives: Depot and Petroleum Products Marketers Association

Reps demand N800bn supplementary budget for fuel marketers

The House of Representatives is unhappy over the lingering scarcity of petrol in the country and has asked the Executive to submit a N800bn supplementary budget to the National Assembly to offset the debts allegedly owed fuel marketers. The House Committee on Petroleum Resources (Downstream) stated, in Abuja, on Sunday, that if offsetting the debts would end the scarcity, it ...

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Fuel scarcity: Our depots are empty – DAPPMA

As fuel scarcity bites hard in Lagos metropolis, depot owners, who are members of Depot and Petroleum Products Marketers Association (DAPPMA) said, onyMonday, that their depots were, currently, empty as a result of lack of supply from the Nigerian National Petroleum Corporation (NNPC). Currently, NNPC is the sole importer of petroleum products particularly, Premium Motor Spirit (PMS) or petrol, into ...

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Fuel scarcity: NNPC releases 250 trucks to Lagos – Ughamadu

The Nigerian National Petroleum Corporation (NNPC), on Sunday, said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. Its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, disclosed this in an interview with News Agency of Nigeria (NAN) in Lagos. According to him, there has been a ...

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Kachikwu, oil marketers meet today on fuel importation

Minister of State for Petroleum Resources, Ibe Kachikwu, and petroleum marketers will, today hold a crucial meeting at the headquarters of the Nigerian National Petroleum Corporation (NNPC), in Abuja, to consider the re-involvement of private sector operators in the importation of petroleum products. The corporation currently imports 100 percent of petroleum products into the country, as against an earlier arrangement ...

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Stakeholders urge FG to deregulate downstream sector to ease petrol scarcity

Some stakeholders in the oil and gas sector have urged the Federal Government to deregulate downstream sector to save the country from frequent fuel scarcity embarrassment during the yuletide period. They gave the advice in interviews with the News Agency of Nigeria (NAN), on Sunday, in Lagos, against the backdrop of the lingering fuel scarcity in the country, with effects ...

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