Petrol retailers warn motorists of a jump in fuel costs next week as wholesale prices rise by 4p-per-litre in just five days. UK drivers face the prospect of a jump in petrol costs next week because of a steep rise in wholesale prices being blamed on the effects of Hurricane Harvey. The
Oil & Gas
Nigeria’s junior oil minister predicts fall in pump price of petrol
Nigeria spends N4.69trn on petrol import, demurrage
The Federal Government is expected to save N4.69 trillion yearly from massive importation of petroleum products, as it plans to become a net exporter by end of 2019, according to statistics released by the Federal Ministry of Petroleum Resources. Besides, the Ministry, which said that no financiers have been selected for
NIGERIA Resumes Position as Africa’s Largest Exporter of Oil
MLN gathered that Nigeria’s crude oil exports are set to reach 1.84 million barrels per day (bpd) in July. The new figure is slightly higher because of a recovery in Forcados exports, according to the nation’s loading programmes seen Wednesday. Forcados exports resumed at the end of May after a nearly complete
Pump Price of Diesel Down by over 30% in 4 Months
A report of THISDAY Newspaper’s market survey just published indicates that the pump price of diesel has dropped by over 30 per cent between February and June 2017, following the fluctuations in forex and international crude oil prices As a deregulated product, the price of diesel is controlled by the market
Domestic gas supply steps up to boost electricity output
The NNPC, Nigeria National Petroleum Corporation, has stepped up domestic gas supply to an average 7.32 million standard cubic feet per day (mmscf/d). This increased volume guarantees an average supply of 689 mmscf/d to national gas-fired power plants, allowing for a total power output 3,056 MW. Daily gas supply is up by
Petrol Pump Price remains N145 – PPPRA
In reiteration of The Senate President’s explanation on fuel pump price, the Petroleum Products Pricing Regulatory Agency on Tuesday stated that there was no approval of N5 increase in the pump price of Premium Motor Spirit, street-named petrol. The PPPRA is the authorised agency of the Federal Government that fixes and
Global Implications of the Qatari Rift
Stop $150 deportation charge, NCAA asks Ethiopian Airlines
Facts have emerged of how Ethiopian Airlines compelled passengers traveling to South Africa to pay ‘unauthorized’ Deportation charges. The charge estimated at between $75 to $150 (N35,000- N70,000) is tagged, “Refundable Deportation Fee” which all South African bound passengers are compelled to pay before boarding. It was learnt that the fee was