The Nigerian National Petroleum Company Limited (NNPCL), has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol across its retail outlets. According to Tribune Online correspondent who visited the NNPCL retail outlets in Ibadan observed that petrol, which was sold between N1,025 to N1,040 per litre, has been reduced to N1,015…
Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday night, through the chief corporate communications officer, Olufemi Soneye, has disclosed that the company has not commenced bulk sales of petrol and has not opened the purchase portal for Port-Harcourt refinery. He explained that the company is finalising necessary processes, noting that it currently sells products…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. This was revealed by the association’s Public Relations Officer, Dr. Joseph Obele,…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a new agreement with Dangote Petroleum Refinery that could reduce petrol prices nationwide. IPMAN’s National President, Abubakar Garima, revealed the agreement during a press briefing in Abuja, following a meeting of the association’s National Working Committee. Under the new arrangement, IPMAN will now source PMS…
The Nigeria Labour Congress (NLC) has accused fuel marketers of inflating petrol prices, claiming the pump price is significantly higher than the actual market value. The NLC contends that Nigerians are being exploited, with citizens enduring heightened suffering and hunger due to government policies that are pushing many into destitution. In a communique released following…
GISTSMATE MEDIA reports that the Nigeria National petroleum company (NNPC) has increased fuel prices in the country. The increase, which was made through the Nigerian National Petroleum Company Limited (NNPCL), now means residents in Lagos will pay N1,025 per litre, while those in Abuja will pay N1,060 per litre. This development comes after petrol prices…
A peace agreement has been reached between the Nigerian National Petroleum Company Limited (NNPCL) and independent oil marketers, following a mediation led by the Director General of the Department of State Services (DSS), Adeola Ajayi. The agreement will see NNPCL allow the loading of products to cover the N15 billion owed to the marketers. Chinedu…
President of the Nigeria Labour Congress (NLC), Joe Ajaero, detailed the NLC’s reasoning behind accepting a N70,000 minimum wage offer during a recent interview on Arise Television’s Morning Show. Ajaero explained the decision occurred amid discussions with President Bola Tinubu at the Presidential Villa, Abuja, where the NLC turned down further fuel price increases while…
A Nigerian lawyer and human rights activist, Femi Falana (SAN), has knocked the decisions of Nigeria National Petroleum Company to fix prices of imported fuel and locally refined fuel, which are illegal, null, and void. In a statement on Thursday, Falana said the move contravenes the provisions of section 205 of the Petroleum Industry Act….
Former Vice President Atiku Abubakar has slammed President Bola Tinubu for being undisturbed by the hardship his policies including the removal of petrol subsidy has inflicted upon Nigerians. In an X post on Thursday, Atiku, the 2023 presidential candidate of the Peoples Democratic Party (PDP), labelled Tinubu as “T-Pain” for drowning the well-being of Nigerians….