The Dangote Petroleum Refinery has announced that if the Nigerian National Petroleum Company Limited (NNPC) and other local petroleum distributors do not engage with its offerings, the refinery will be compelled to export its Premium Motor Spirit (PMS), commonly known…
The Dangote Petroleum Refinery is poised to commence the distribution of Premium Motor Spirit (PMS), commonly known as petrol. This development follows a recent test-run of the product at the refinery, which boasts a capacity of 650,000 barrels. Industry insiders…
The outlook for resolving Nigeria’s petrol shortage is growing increasingly grim due to mounting difficulties faced by the Federal Government. A massive $6 billion debt to petrol suppliers and a severe liquidity crisis are severely limiting the government’s ability to…
Residents of border communities between Nigeria and Benin Republic in Ogun State are facing significant challenges due to the high cost of petroleum. In these areas, the price of petrol has surged to as much as N2,000 per litre. This…
The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to transfer the management of its Warri and Kaduna refineries to private entities. This was revealed in a recent advertisement posted on X by NNPCL’s official account. The notice indicates…
Shell Petroleum Development Company of Nigeria Limited has confirmed a spill on its Trans Niger Pipeline in Elelenwo, located in Obio/Akpor Local Government Area of Rivers State. The company reported that the spill, caused by a pipeline leak, has been…
Many independent filling stations have now set the pump prices of Premium Motor Spirit (PMS), commonly known as petrol, between N900 and N1,000 per litre. This pricing disparity is stark compared to the Nigerian National Petroleum Company (NNPC) stations, where…
NNPC Retail, the downstream division of the Nigerian National Petroleum Company Limited, has been dissolved following a court-approved transfer of its ownership and assets to OVH Energy Marketing Limited. The ruling effectively terminates NNPC Retail, Nigeria’s leading petrol importer, and…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to persist in its fight against crude oil theft until it is eradicated. PENGASSAN President Festus Osifo made this commitment on Wednesday in Abuja at the 2024…
On Monday, youths from Ibeno Local Government Area in Akwa Ibom State barricaded the gates of ExxonMobil in protest of a new oil spill that has contaminated local water bodies. The protest, which began on Friday, continued with drumming, dancing,…
