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Tag: petrol

Petroleum regulatory body shuts 75 fuel stations in Osun
News

Petroleum regulatory body shuts 75 fuel stations in Osun

  The Nigerian Midstream and Downstream Petroleum Regulatory Authority’s Osun State office announced on Wednesday that it has closed up to 75 petrol stations in the state in the previous month due to a variety of violations. According to The PUNCH, this was disclosed by the NMDPRA State Coordinator, Mr Kunle Adeyemo, who disclosed this […]

petrol pump
Business

Petrol price rose 43% in one year – NBS

The price of Premium Motor Spirit popularly known as petrol rose by 42.63 percent from N264.29 in 2022 to N185.30 in 2023. This was disclosed through a report by the Nigerian Bureau of Statistics which also revealed prices across every state in the country. Stating how the data was obtained NBS said more than 700 […]

NNPCL moves to sell shares, seeks strategic partners
Business

NNPCL distributes 339m litres of petrol to 63 deports

The Nigerian National Petroleum Company Limited has said that 63 deports across the country have altogether received a total of 339 million litres of petrol in seven days. From the data obtained by The Punch from NNPCL and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the distribution was made to states with Lagos, Delta, […]

Petrol pump
Business

Scarcity: FG confirms availability of 1.3bn litres of petrol

Nigeria has confirmed the availability of about 1.3 billion litres of petrol which is said to resolve the lingering fuel scarcity. This was according to a report disclosed to The Punch on Saturday by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso. Kadoso said this during a visit by the […]

Business

Scarcity: Accept POS payment, FG orders fuel stations

The Federal Government of Nigeria has ordered fuel stations to make use of Point of Sale and accept payment via bank transfers.nairafuel Following this order, it mobilised security officials on Thursday to monitor the activities of fuel stations. According to The Punch, it said the move was necessary because of the information received about the […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

Fuel queues persist despite NNPC price slash

  Despite a 17 kobo reduction in the ex-depot price of the commodity, Premium Motor Spirit, also known as gasoline, queues may still form in many states, oil marketers warned on Wednesday. The Nigerian National Petroleum Company Limited’s supply of PMS, according to members of the Independent Petroleum Marketers Association of Nigeria, is still insufficient […]

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

Petrol cost average N191.65 per litre September– NBS

The National Bureau of Statistics on Saturday revealed that consumers paid an average of N191.65 for a litre of petrol in September. According to The News Agency of Nigeria, as obtained from the Petrol price watch for the month of September 2022, the average price for petrol saw a 16.26 per cent increase over the […]

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 […]

NUPENG threatens strike in Lagos over tanker drivers' safety
News

Fuel scarcity: Motorists groan as marketers threaten strike

The scarcity of Premium Motor Spirit, popularly called petrol, worsened in Lagos, Abuja and neighbouring Nasarawa and Niger states, as more filling stations shut their gates to customers, citing a lack of products to dispense. Oil marketers have yet to receive a response from the Federal Government as regards the outstanding payment of bridging claims […]

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 […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Economy

Fuel queues enter third day in Lagos, Ogun

Fuel queues have reached its third day in Lagos, Ogun, and other parts of the country. The situation has made the black market trade boom with a litre of petrol sold for as high as N300. Speaking on the petrol scarcity rocking major cities in the country, the Deputy National President, Independent Petroleum Marketers Association […]

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