Aliko Dangote, Africa’s richest person, has announced that the Dangote Petroleum Refinery will begin supplying petrol by mid-July. This update follows a slight delay from the previously anticipated June start date. Speaking during the inauguration of the Dangote Sinotruk West Africa’s completely knocked-down (CKD) plant in Lagos on June 9, Dangote provided clarity on the … Read more
Independent marketers expect the current fuel supply crisis in parts of the country to abate not later than next week. Their optimism is hinged on the ongoing efforts to free seven fuel-laden vessels trapped in Warri. The vessels are carrying a total of 150 million litres of Premium Motor Spirit (PMS) an official of the … 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
The Major Energies Marketers Association of Nigeria (MEMAN) has finalized plans to take delivery of eight vessels with more than 300 million liters of petroleum to ease the present fuel scarcity. Huub Stokman, Chairman of MEMAN, made the announcement during a news conference to address the country’s current gasoline scarcity. Platinumpost reports that fuel queues … 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 Nigerian National Petroleum Company (NNPC) Limited says it has not changed the pump price of premium motor spirit (PMS), also known as petrol, throughout its retail outlets. There have been reports that the NNPC has dropped the price of petrol to N560 per litre from N568. The national oil company was also described as … 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