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Tag: oil marketers

Oil Marketers Raise The Alarm, Accuse Airline Operators Of Trying To Force Subsidy On Aviation Fuel

Aviation Turbine Kerosene (ATK), commonly known as aviation fuel
Wonder why only local airlines are complaining about rising ATK price, scarcity AON halts plan to suspend flight operations Chevron terminates Caverton’s contract Some petroleum products marketers have warned thatRead More

Adulterated Fuel: House Revokes Decision, Exonerates Duke Oil, Others Of Complicity

Nigerian National Petroleum Corporation (NNPC)
Urges NNPC to maintain 90m liters daily supply The House of Representatives has rescinded its earlier decision, directing the Nigerian National Petroleum Corporation (NNPC) to suspend four oil marketers/importers, namely,Read More

IMF Revises Nigeria’s 2021 GDP Forecasts To 1.5%

International Monetary Fund (IMF)
Calls for vaccine funding for African countries Projects 21% rebound in crude oil prices The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projectedRead More

FG Plans To Boost Domestic Gas Usage By Q1 2021

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari
Kyari explains capping of petrol price despite deregulation The Federal Government has intensified efforts to ensure that Nigeria achieves self-sufficiency in the domestic production and utilisation of its gas resourcesRead More

NNPC Restates Commitment To Cutting Costs, Remaining Competitive

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) has again pledged its commitment to slash the cost of producing oil to $10 per barrel, to enable it to remain competitive and deliverRead More

Petrol Price Should Be About N155/Litre – Oil Marketers

Petrol pump
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association of Nigeria, Mr. Adetunji Oyebanji, has said. Oyebanji, who isRead More

No Going Back On Petrol Price Control, PPPRA Insists

Petrol pump
The Petroleum Products Pricing Regulatory Agency on Sunday insisted that it would continue fixing price bands for petrol despite opposition by oil marketers to the move. It also declared thatRead More

NNPC Reduced Depot Price To Remain Competitive – Operators

Petrol tankers
Industry operators said on Wednesday said the recent reduction in the ex-depot price of petrol by the Nigerian National Petroleum Corporation (NNPC) was a move to to keep the oilRead More