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Marketers increase petrol price to N170/litre

However, the Nigerian National Petroleum Corporation (NNPC) has insisted there was no increase yet in the price of petrol. NNPC’s spokesman, Dr Kennie Obateru told
Daily Trust that the Petroleum Products Marketing Company (PPMC), a marketing arm of NNPC, which fixes the ex-depot price of the petrol had not changed the old ex-depot price of N155.17 set since November 2020.
He also said the Petroleum Products Pricing Regulatory Authority (PPPRA) was best suited to address the issue of the new retail price.
He was however silent on how much the corporation was paying on under-recovery considering the rise in crude oil price, which had pushed the landing cost to N180/litre. ....

Ogun State , Abuja Federal Capital Territory , Timipre Sylva , Kennie Obateru , Nigerian National Petroleum Corporation , Petroleum Resources , Petroleum Products Marketing Company , Petroleum Products Pricing Regulatory Authority , Daily Trust , Niger States , Apollo Kimchi , Oshodi Apapa Expressway , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் ப்ராடக்ட்ஸ் சந்தைப்படுத்தல் நிறுவனம் , பெட்ரோலியம் ப்ராடக்ட்ஸ் ப்ரைஸிஂக் ஒழுங்குமுறை அதிகாரம் , தினசரி நம்பிக்கை , நைஜர் மாநிலங்களில் , அப்பல்லோ கிம்சி ,

Petroleum marketers increase petrol price to N170 per litre

Petroleum marketers increase petrol price to N170 per litre
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

Ogun State , Abuja Federal Capital Territory , Timipre Sylva , Kennie Obateru , Nigerian National Petroleum Corporation , Petroleum Resources , Petroleum Products Marketing Company , Petroleum Products Pricing Regulatory Authority , Niger States , Apollo Kimchi , Oshodi Apapa Expressway , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் ப்ராடக்ட்ஸ் சந்தைப்படுத்தல் நிறுவனம் , பெட்ரோலியம் ப்ராடக்ட்ஸ் ப்ரைஸிஂக் ஒழுங்குமுறை அதிகாரம் , நைஜர் மாநிலங்களில் , அப்பல்லோ கிம்சி ,

Marketers Blame DPR, PPPRA for Rising Cooking Gas Price

By Peter Uzoho
Excessive administrative and other sundry charges by the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Authority (PPPRA), among others, have caused an astronomical rise in the price of Liquefied Petroleum Gas (LPG) commonly known cooking gas, THISDAY’s investigation has revealed.
Also, insufficient supply of LPG to local marketers by the Nigeria Liquefied Natural Gas (NLNG) Limited, which is the major supplier of the product in-country, has also contributed to the scarcity of the product and the resultant increase in price lately.
The numerous charges by the regulators have forced the marketers of the product to hike the price at their stations, resulting in consumers having to pay more for cooking gas, which the federal government is projecting as the preferable cooking fuel. ....

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Nigeria Oil Industry in Turbulent Year

Peter Uzoho chronicles the events that shaped the Nigeria oil and gas industry in 2020
The oil and gas industry globally has witnessed its most tempestuous experience in history in 2020. The outbreak of the COVID-19 pandemic from Wuhan, China, and its threat to lives and businesses led to the introduction of lockdowns and other stringent restriction of movement measures across cities of the world.
Nigeria like other countries had begun the 2020 business year on a very promising note. The Nigeria oil and gas industry entered the year basking in the euphoria of a major milestone that was recorded in the twilight of 2019 –the eventual signing of the Final Investment Decision (FID) for the seventh plant or train 7 of the Nigeria Liquefied Natural Gas (NLNG). ....

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