The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country. Although it described the amount as under-recovery, the oil firm stated that the amount was due to the proliferation
Oil & Gas
Petrol queues may not disappear soon, Nigeria’s oil minister
20 vessels laden with petroleum products for Lagos ports
Fuel scarcity may continue, worsen – IPMAN warns
Says NNPC has no capacity to meet the nation’s total petrol demand Ilorin, Nigeria - The Independent Petroleum Marketers Association of Nigeria has warned that the ongoing scarcity of petrol, which started since December 2017 may continue if the right steps are not taken by the authorities to address the problem. The
Reps demand N800bn supplementary budget for fuel marketers
The House of Representatives is unhappy over the lingering scarcity of petrol in the country and has asked the Executive to submit a N800bn supplementary budget to the National Assembly to offset the debts allegedly owed fuel marketers. The House Committee on Petroleum Resources (Downstream) stated in Abuja on Sunday that
Scarcity: NBS puts average price of petrol at N191/litre
Many Nigerians are still paying far above N145 per litre pump price of petrol approved by the Federal Government for the product, a report of the National Bureau of Statistics has indicated. The NBS in its Premium Motor Spirit (petrol) price watch for January stated that on the average, Nigerians paid
No Love at the Pump as Petrol Rises to Sh107 in Kenya
IMO moves to ban non-compliant fuel on board ships in 2020
ANTWERP, BELGIUM - JULY 9: Oil tanker moored near an oil silo in Port of Antwerp July 9, 2013 in Antwerp, Belgium. The Port of Antwerp is Europe's second largest seaport after Rotterdam. The International Maritime Organization’s Subcommittee on Pollution Prevention and Response has proposed to move forward with banning the
