The federal government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to shut down any filling stations profiteering from Nigerians by selling Premium Motor Spirit (PMS), also known as petrol, as high as N1,000 per litre. The NMDPRA alleged that several filling stations operated by independent marketers, have raised their prices…
GISTSMATE MEDIA reports the Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations…
Oil marketers have attributed this round of scarcity of Premium Motor Spirit (PMS) also known as petrol, to lingering logistics challenges and supply constraints, saying “We will distribute only what we have”. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who was a guest on Channels…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has breaks silence on fuel supply situation in the country. The NNPC Ltd in a statement released today says the organization regrets the tightness in fuel supply witnessed in some parts of Lagos and the FCT. The statement by Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd…