Nigeria consumes 50m litres of petrol daily – NMDPRA …C0NTINUE READING HERE >>> The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the country’s daily petrol consumption currently ranges from 45 million litres to 50 million litres. NMDPRA’s Chief Executive Officer, Mr Farouk Ahmed, disclosed this while speaking on the sideline of the ongoing … Read more
Real reason for fuel scarcity – IPMAN …C0NTINUE READING HERE >>> Mr Ukadike Chinedu, the Publicity Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), says that the scarcity of fuel being presently experienced will soon be over. Chinedu disclosed that the shifting of the supply chain was the cause of the scarcity in … Read more
Buy Petrol At N1k Per Litre or CNG for N200 – President Tinubu Tells Nigerians …C0NTINUE READING HERE >>> Newsone Nigeria reports that Nigeria’s President, Bola Tinubu says Nigerians can buy premium motor spirit (PMS), also known as petrol, at N1,000 per litre or compressed natural gas (CNG) at N200 per standard cubic meter. President Tinubu … Read more
HUNGER; Daily consumption drops by 92% as purchasing power if …C0NTINUE READING HERE >>> As hunger mounts the centre stage, daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29, 2023. Data obtained by a national television from the … Read more
Time to prohibit petroleum product imports – By Magnus Onyibe …C0NTINUE READING HERE >>> In 2011, the Chinese, demonstrating their strategic foresight, established a refinery in Niger Republic, which borders Nigeria to the northeast. This refinery, with a capacity of 20,000 liters per day and a cost of $5 billion, was completed swiftly and produces … Read more
NLC stance on latest hike in petrol price …C0NTINUE READING HERE >>> The Nigeria Labour Congress (NLC) has said that the latest increase in the pump price of petrol will further deepen poverty as production capacities dip. The Congress added that the increase would lead to more jobs lost with multidimensional negative effects, and therefore, … Read more
How Nigeria imported 20.30bn litres of petrol in 2023 …C0NTINUE READING HERE >>> The National Bureau of Statistics (NBS) says 20.30 billion litres of Premium Motor Spirit (PMS) also known as petrol was imported in 2023. The NBS stated this in its Petroleum Products Distribution Statistics for 2023 released in Abuja on Tuesday. The report … Read more
Allow Dangote to sell petrol directly to marketers, Catholic Archbishop tells FG …C0NTINUE READING HERE >>> The Catholic Archbishop of Ibadan Archdiocese, His Grace, Most Rev. Gabriel Abegunrin has urged the government to allow Dangote Refinery to sell petrol directly to marketers. The Archbishop made the remark on Wednesday in Ibadan at a news briefing … Read more
Only NNPC will buy Dangote petrol – Minister of Finance …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has revealed that only the Nigerian National Petroleum Company (NNPC) Limited will buy the Premium Motor Spirit (PMS) produced by the Dangote Refinery. Advertisement TheNewsGuru.com (TNG) reports Edun … Read more
Dangote makes fresh revelation on contract with NNPC …C0NTINUE READING HERE >>> Dangote Group has disclosed that it is yet to finalise contract with the Nigerian National Petroleum Company (NNPC) Limited in order to commence lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery. TheNewsGuru.com (TNG) reports Dangote Group had … Read more