As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National Petroleum Company Limited to extend its final deadline for licensing renewal to July. It also appealed to the Nigerian Midstream and Downstream … Read more
Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut down the 30,000 stations operated by IPMAN members across the country if the Federal Government fails to pay the N200bn that is being owed marketers. IPMAN specifically said the Nigerian Midstream and Downstream Petroleum Regulatory … Read more
Residents of Sokoto have continued to lament the untold hardship they are subjected to following the fuel scarcity being experienced in all parts of the state that has made businesses and other activities very difficult. Commuters in the state said most filling stations are locked under the guise that they lack product to dispense, while … Read more
The Nigerian National Petroleum Company Limited (NNPCL) says the issue that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd said that the issue was as a result of logistics problems. The Chief Corporate Communications Officer, NNPC Ltd. Olufemi Soneye, … Read more
Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set for production on the directives of the Nigerian National Petroleum Company Limited. Dealers confirmed on Friday that the PHRC was almost set to start releasing products, projecting a N500/litre … Read more
Fuel queues on Friday resurfaced in Lagos and Ogun states as petroleum marketers say the non-availability of Premium Motor Spirit in filling stations is as a result of shortage in supply. Similarly, the Nigerian National Petroleum Company Limited confirmed that there were no products in its Apapa depots. The long queues resurfaced in filling stations … Read more
The seven biggest oil marketers in Nigeria have registered with the Dangote Petroleum Refinery to lift and distribute refined petroleum products generated by the $20 billion plant. Dealers affiliated with the Major Oil Marketers Association of Nigeria said on Sunday that with the registration, they will begin distributing fuel produced at the plant once the … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of petrol in the near future. Olufemi Soneye, the company’s chief corporate communications officer, also warned motorists against panic buying. The statement came amid reports that the corporation battled with petroleum merchants under the auspices of … Read more