Nigeria’s Petroleum Products Pricing Regulatory Agency (PPPRA) announced that the retail price for a litre of petrol for the month will be between N209.61 and N212.61 while the amount sold by fuel depot owners to marketers will be N206.42 as the landing cost stands at N189.61 per litre. This development …
Read More »NNPC Says No Increase in Fuel Price in March
Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of petrol in March, 2021. A press release by the Group General Manager, Group Public Affairs Division, Dr. …
Read More »NNPC Forecloses Fuel Price Increase in February
In spite of the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation, NNPC, has ruled out any increment in the ex-depot price of petrol in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public Affairs …
Read More »Nigerian Oil Major Focuses On Condensates To Offset OPEC Cuts
The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ production cut deal. Nigerian daily This Day quoted the managing director of the NNPC as laying out this plan, and noting a boost …
Read More »NNPC Focusing on Third Party Financing For Oil Projects– Official
The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. Group Managing Director, NNPC, Mele Kyari, said this while playing host to the Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam. Kyari told his guest that there …
Read More »NNPC Announces N153.17 Ex-depot Price for Petrol
The Nigerian National Petroleum Corporation (NNPC) has announced N153.17 ex-depot price for petrol for the month of November. The corporation announced this in a statement signed by its spokesperson, Kennie Obateru, in Abuja on Friday.The ex-depot price is the amount at which the depot owners sell the commodity to retail …
Read More »78 Companies Bid for Rehabilitation of Nigeria’s Decaying Oil Facilities
The Nigerian National Petroleum Corporation (NNPC) says 78 companies will bid for the rehabilitation of oil pipelines and depot infrastructure across the country. Over 300 companies applied through the official portal published in the national dailies on Aug. 7 and only 78 companies met the expiration time of noon on …
Read More »NNPC Denies Inflating AKK Contract
The Nigerian National Petroleum Corporation (NNPC) has dismissed, in its entirety, the allegation that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project was inflated to the tune of $1.527billion, describing the accusation by an online medium against the National Oil Company as false, baseless and unfounded. A release today in Abuja by …
Read More »NNPC, EITI Partner To Strengthen Commodity Trading Transparency
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company. Kyari announced this on his twitter account @MKKYARI on Tuesday. “With this development, the corporation has joined a group of over 65 extractive companies, …
Read More »PPMC Sets Petrol Ex-depot Price at N138.62
The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre. PPMC disclosed this in a memo signed by its Manager, Sales, Mohammed Bello, in Abuja, on Tuesday. The ex-depot …
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