Tag Archives Petroleum

JUST IN: Senate Passes PIB Bill, Pegs Host Community Fund At 3%
JUST IN: Senate Passes PIB Bill, Pegs Ho...

JUST IN: Senate Passes PIB Bill, Pegs Host Community Fund At 3%

The Senate has passed the conference report of the National Assembly on the Petroleum Industry Bill (PIB). The report as passed pegged contributions to the host communities development trust fund at three per cent of the operating expenditure of oil companies in the region. Details shortly… Thi read more »

Petrol Should Cost More Than N280/litre, NNPC GMD, Kyari Says
Petrol Should Cost More Than N280/litre,...

Petrol Should Cost More Than N280/litre, NNPC GMD, Kyari Says

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has advocated for an increase in the price of petrol to about N280/litre at which Automotive Gas Oil, widely known as diesel, is being sold. Kyari said that Nigeria remains the only country in the... read more »

Dielsel Price Rises to N280, LCCI Predicts Inflation Will Rise
Dielsel Price Rises to N280, LCCI Predic...

Dielsel Price Rises to N280, LCCI Predicts Inflation Will Rise

The price per litre of Automotive Gas Oil, popularly known as diesel, has jumped to N280, occasioned by the recent hike in global oil prices and naira devaluation. The price of diesel on Monday ranged from N270 to N280 per litre in several filling stations in Lagos. Reports say the price of the... read more »

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal
NLC Set to Meet Today Over Govs’ N380/Li...

NLC Set to Meet Today Over Govs’ N380/Litre Petrol Proposal

The leadership of the Nigeria Labour Congress is set to meet today (Friday) to deliberate and reach a stance on the proposal by governors for the price of petrol to be hiked from N162/litre to N408.5/litre. On Wednesday, a committee working on the mandate of the Nigeria Governor’s Forum advocated... read more »

Prepare for Fuel Subsidy Removal, FG Tells Nigerians
Prepare for Fuel Subsidy Removal, FG Tel...

Prepare for Fuel Subsidy Removal, FG Tells Nigerians

The Federal Government of Nigeria has asked citizens to prepare for the imminent increment in the pump price of petrol, given the current economic realities in the country. This was disclosed by the Minister of State for Petroleum Resources, Chief Timipre Sylva, while addressing journalists at a... read more »

No increase in Petrol Ex-depot Price in May

No increase in Petrol Ex-depot Price in May – NNPC

The Nigerian National Petroleum corporation (NNPC) says it will not increase the ex-depot price of Premium Motor spirit also known as petrol next month. The Group Managing Director, Malam... read more »

BUA, 27 Others Issued Active Refinery Licences – DPR

BUA, 27 Others Issued Active Refinery Licences – DPR

The Department of Petroleum Resources, DPR, has said that it has granted refining licences to 28 investors, including BUA Refinery and Petrochemicals Limited. The clarification was issued... read more »

Femi Adesina: Flying on Wings of Gas

Femi Adesina: Flying on Wings of Gas

By the time we remove hatred, malice, indecent politics, and all the ills that plague our country and its leaderships across different governments, President Muhammadu Buhari would go down... read more »

Long Petrol Queues, Hiked Transport Fare Rock Awka as Petrol Price Increases

Long Petrol Queues, Hiked Transport Fare Rock Awka as Petrol Price Increases

Petrol users in Awka have resorted to buying from few filling stations, including the NNPC Mega Station, after the price of the product rose yesterday’s morning from one hundred and... read more »

PPPRA Deletes Template Announcing N212/Per Litre Petrol Price

PPPRA Deletes Template Announcing N212/Per Litre Petrol Price

The Petroleum Products Pricing Regulatory Agency, PPPRA, has deleted an earlier published template announcing an increase in the retail price of petrol The PPPRA had published a new template on... read more »