Marketers insist on willing-buyer and willing-seller deal, as NNPC buys N766/litre from Dangote
Chinedu Ukadike, said the market should be open for all in line with the willing-buyer and willing-seller commitment earlier made by the corporation.
Chinedu Ukadike, said the market should be open for all in line with the willing-buyer and willing-seller commitment earlier made by the corporation.
As a result of this poor local patronage, the refinery exports most of its diesel and aviation fuel.
We are filled with a deep sense of betrayal as the Federal Government clandestinely increases the pump price of PMS
The reason why pipeline vandalism is very easy to do is because the pipelines have all expired they completely corroded and so, anybody can just go and tap it and the thing is busted.
By Damilola Aina The Nigerian National Petroleum Company Limited has demanded a refund of N4.71tn from the Federal Government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange rate differential on PMS and other joint venture taxes” on petrol products imported by…
However, the refinery has yet to produce Petroleum Motor Spirit, otherwise known as petrol.
According to him “the unnecessary fuel scarcity has crippled the economy of the country while motorists and commuters are subjected to untold suffering across the country as a result of poor supply of Premium Motor Spirit (PMS)
As a country, we still cannot tell the exact volume of Premium Motor Spirit, popularly called petrol, which we consume on a daily basis, the Federal Government has said.
The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol.
It said that the subsidy was paid to oil marketers and the Nigerian National Petroleum Corporation (NNPC) in the period under review.