Adewale SanyaoluThere are fresh indications that the Federal Government may have concluded plans to increase the pump price of Premium Motor Spirit (PMS), popularly called petrol, from N145 per litre to between N185 and N200 per litre shortly after the forthcoming general elections, Daily Sun findings have revealed. If implemented, the new petrol price regime […]
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Premium Motor Spirit
15.8mt of petrol imported in 2018 – NNPC
Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC) has said it imported 15,874,734.82 metric tons of Premium Motor Spirit (PMS) otherwise called petrol through the Direct Sales Direct Supply (DSDP) arrangement in 2018. The national oil company added that the figure represents 62per cent increase over the 2017 supplies of 9,807,264.61 MT, even as […]
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BREAKING: Pipeline explosion rocks Abule Egba
Residents of Awori community in Abule Egba area of Lagos State woke up to witness a massive explosion from a Premium Motor Spirit pipeline. The explosion was reportedly caused by residents trying to scoop the petroleum product. Fire fighters reportedly waited to have exhausted water from all their trucks and expecting more. As at time […]
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Military recovers N17m fuel from vandals
Philip Nwosu The Defence Headquarters has revealed about 120,000 liters of Premium Motor Spirit (PMS) valued at N17 million illegally siphoned from vandalised Nigerian National Petroleum Corporation (NNPC) pipelines have so far been recovered. The Director of Defence Information (DDI) Brig.-Gen. John Agim made the revelation in Lagos. He said operatives of the military attached […]
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NNPC, BP sign PMS supply agreement
Uche Usim, Abuja Moves to guarantee petrol availability nationwide and all-year-round was solidified, on Thursday, as the Nigerian National Petroleum Corporation (NNPC) has signed a six-month Direct Sale-Direct Purchase (DSDP) agreement with the British Petroleum’s (BP) trading arm, BP Oil International Limited, for the supply of Premium Motor Spirit, also known as petrol. This […]
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PDP bigwigs behind oil subsidy scam – Keyamo
Director of the Buhari Campaign Organisation Mr. Festus Keyamo (SAN) has alleged that most bigwigs in the People’s Democratic Party (PDP) were involved in the oil subsidy scam which dogged former President Goodluck Jonathan’s administration. READ ALSO: Endorsement: APC, Keyamo bomb Obasanjo, Atiku He said this on a Lagos-based national television programme, yesterday. Keyamo also disclosed President Muhammadu […]
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Refineries production capacity down by 18%
Adewale Sanyaolu The Federal Government’s failure to turn around its ailing refineries has caused an 18 per cent decline in production capacity. The abysmal performance of the refineries is contained in the latest monthly financial report (April edition) released by the NNPC. The report indicated that Premium Motor Spirit (PMS) popularly called petrol and Dual […]
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NNPC records N17.16b trading surplus
The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, who disclosed this in a statement, said this was part of the highlight of the corporation’s Monthly Financial and OperationsRead More …
NNPC to collocate 2000bpd refineries in Port-Harcourt, Warri
The Nigerian National Petroleum Corporation (NNPC) has said arrangement has been concluded for a new 100,000-barrels-per-day brownfield refinery each in Port-Harcourt, Rivers State and Warri, Delta State. According to the Group Managing Director of NNPC, Dr. Maikanti Baru, the plan is part of the corporation’s initiative designed to boost local refining capacity to end petroleum […] …
