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Tag: diesel

LASEPA seizes three Lagos tankers over illegal diesel sales
Oil and Gas

LASEPA seizes three Lagos tankers over illegal diesel sales

The Lagos State Environmental Protection Agency, has seized three tankers selling Automative Gas Oil also known as diesel along Taslim Elias Close in Victoria Island. The statement which was announced on Saturday via X revealed that they acted based on complaints from residents regarding illegal fuel sales in the area. “The apprehended trucks were discovered […]

Why diesel prices may not reduce in Nigeria - Experts
Oil and Gas

Diesel nears N900/liter in Lagos, other S’West states

Diesel rates have reached N867 per liter in Lagos state and N875 in other Southwest states as of today, Saturday, August 12. Nairametrics reported that this information came from industry sources that are familiar with the situation. Despite being deregulated prior to the removal of fuel subsidies, diesel prices are soaring because ex-depot prices are rising. According to sources this […]

Bakers to raise bread prices over rising costs
News

Bakers stop bread production today over rising costs

Bread makers have announced plans to stop production of their products, effective today, over rising prices of baking materials and diesel which have affected the industry negatively. Bakers under the aegis of the Premium Breadmakers Association of Nigeria made this known in a statement signed by the President of the association, Emmanuel Onuorah. Onuorah said […]

Nigerians bought petrol N191.65 per litre September- NBS
News

Efficient energy valuable than infrastructure – Petroleum expert

A petroleum expert, Bala Zaka, has said that affordable and efficient energy is more necessary for businesses than infrastructure. Zaka, who is also a Technical Director at Template Design Limited, made this known in an interview with The PUNCH. According to him, the removal of subsidies on petroleum products will kill businesses that are already […]

Flood: Gas scarcity looms as NLNG stops operations
Energy

90% Nigerians lack cooking fuels, 62% without electricity -FG

About 62 per cent of citizens in Nigeria lacked access to electricity, while 90 per cent had no access to modern cooking fuels, the Federal Government has said. The Minister of State for Petroleum Resources, Timipre Sylva, who disclosed this during his address at the ongoing 2022 Nigeria Oil and Gas conference in Abuja, said […]

Energy

End NNPC’s monopoly, oil marketers tell FG

Amid the lingering fuel scarcity rocking the country, oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroleum Corporation. The marketers under the auspices of the Major Oil Marketers Association of Nigeria said this during a briefing with newsmen said as part of permanent […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

Petrol price rose to N173.08 in May –NBS

The National Bureau of Statistics says the average retail price paid by consumers for Premium Motor Spirit (petrol) increased to N173.08 in May. This is according to the NBS Premium Motor Spirit Price Watch for May, 2022 released in Abuja on Saturday. The report said the increase indicates a 2.99 per cent increase when compared […]