Tag Archives: Petrol

Why a litre of petrol may be sold for N340 in 2022- NNPC

The Nigerian National Petroleum Company (NNPC) has dropped the hint that a litre of Petroleum Motor Spirit (PMS) may sell between N320 and N340 in 2022. The agency said that this will be so because the law does not provide for a subsidy, hence its removal in the coming year. The disclosure was made by the  Company’s Group Managing Director(GMD)Malam ...

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CBN’s Gas Expansion programme can solve petrol subsidy crisis- IPMAN

 Independent Petroleum Marketers Association of Nigeria (IPMAN) members have said the N250 billion Central Bank of Nigeria (CBN) Gas Expansion programme can settle the perennial crisis over the petrol subsidy. Its National Vice President, Alhaji Abubakar Maigandi, who disclosed this to The Nation, said an implementation of the programme can reduce Nigeria’s reliance on petrol and its associated challenges. The ...

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Nine ships laden with petrol, other goods arrive Lagos ports

Nine ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that six of the vessels were waiting to berth with petrol. Three other ships, it said, would ...

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DPR seals petrol station in Bayelsa for selling above official price

The Department of Petroleum Resources (DPR), Yenagoa, on Friday sealed a filling station, Sombaz Oil, located in Akenfa, along Yenagoa-Mbiama Expressway in Bayelsa, for dispensing petrol above the government approved price of N145 per litre. The operational controller of DPR, Yenagoa, Mrs Ejiro Ufondu, who led a team on inspection, also forced some other filling stations to sell to customers ...

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29 ships to arrive Lagos ports with petroleum products, food items

Twenty-nine ships laden with petroleum products, food items and other goods are expected to arrive at Apapa and Tin Can Island ports in Lagos State from March 1 to March 24. The Nigerian Ports Authority (NPA) made this known in its publication, ‘Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN), in Lagos, ...

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33 ships bearing petroleum products, food items close to Lagos ports

Thirty three ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from January 29 to February 19. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN), in Lagos, on Monday. ...

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We distributed 1.2 billion litres of petrol distributed in September – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said it distributed and sold about 1.3billion litres of petroleum products, including 1.2billion litres of petrol across the country in the month of September. Group General Manager, Group Public Affairs Division of the Corporation, Ndu Ughamadu, disclosed this in a statement on Monday in Abuja. According to him, the figure was captured in ...

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Nigerians paid less for petrol, kerosene, diesel in November – NBS

The National Bureau of Statistic (NBS) has revealed that the average price paid by consumers for petrol, diesel, and kerosene decreased month on month by 0.3 percent, 1.3 per cent and 2.30 percent respectively in November 2017. NBS in its three reports published on the bureau’s website said that petrol decreased from N146 in October to N145.6 in November 2017, ...

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Five out of eight ships waiting to berth in Lagos ports contained petrol, says NPA

The Nigerian Ports Authority (NPA) on Tuesday said five out of eight ships waiting to berth in Lagos ports contained petrol. The NPA stated this in its daily `Shipping Position’ released in Lagos. The document indicated that the remaining three ships were laden with diesel, bulk fertiliser and general cargo. It said that 26 other ships with petroleum products, food ...

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