The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, carried out a further reduction in the pump price of Premium Motor Spirit (PMS), also known as petrol, to N121.50 per litre, N2.0 down from N123.50 per litre last month. This is the third reduction this year. In a letter to petroleum products marketers, the PPPRA disclosed […]
The Nigerian National Petroleum Corporation has said it’s driving down the production cost of a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC, Mallam Mele Kyari, said on Thursday that the national oil firm had sustained operations despite disruptions and slowdown in economic […]
Industry operators said on Wednesday, that the Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price of petrol in a bid to keep it competitive after the state-owned firm lost the monopoly of fuel importation and private oil firms were handed licences to begin to bring in imports. The […]
PRIVATE oil marketers have now joined forces with the Nigerian National Petroleum Corporation in the importation of petrol. On Tuesday in Abuja, it was confirmed from the Petroleum Products Pricing Regulatory Agency who issued permits, that they had given several marketers the opportunity to start importing petrol alongside the NNPC. Before the descending oil sector […]
