Petrol To Sell For N85.50 Per Litre

Petrol To Sell For N85.50 Per Litre

Chris Steven, Abuja The Federal Government has announced the new price for the premium motor spirit (PMS), also known as petrol. According to a statement by the Petroleum Products Pricing Regulatory Agency (PPPRA), the new pump price of petrol effective from January 1, 2015, will be N86.50 per litre. The statement issued late Tuesday and […]

IPMAN Dashes Hope Of Early End To Fuel Scarcity

Importation of petroleum products by into Nigeria is held up as the Independent Petroleum Marketers Association of Nigeria (IPMAN), which is responsible for about 50 per cent of domestic products supply, on Friday said it did not have enough funds to do so. Nigeria, even though is Africa’s top crude exporter relies on fuel imports […]

27 Oil Marketers Receive N41 Billion Fuel Subsidy Payment

The Federal Government on Thursday announced payment of N41billion to 27 oil marketers whose claims had been verified for fuel subsidy reimbursements. “The marketers identified received a total of N41, 07 billion. The information is provided in continuation of the ministry’s focus on transparency and accountability in the management of the subsidy regime,” the Finance […]

Refineries Will Still Be Sold, FG Insists

The Federal Government is to press ahead with the planned sale of the country’s four refineries. Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke restated the commitment on Tuesday in Abuja at the 2014 budget defence of the ministry before the joint Senate committee on Petroleum Resources (Upstream) and Senate Committee on Gas. According to the […]

Allison-Madueke Blames Diversion For Fuel Shortages

As Nigeria battles to end another round of embarrassing fuel shortages, the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Sunday blamed the current scarcity nationwide to the diversion of the commodity by some marketers. Speaking after an unscheduled inspection of 15 filling stations in Surulere, Ikoyi, Ajah and Iponri areas of Lagos in South-West […]