NOVEMBER 14, 2020 The Nigerian National Petroleum Corporation (NNPC), on Friday, said the “slight increase” in the ex-coastal price and ex-depot price of Premium Motor Spirit, widely known as petrol, is due to the “prevailing realities of market forces of demand and supply.” The NNPC made its position known in a statement signed by its … Read more
NOVEMBER 13, 2020 The Independent Petroleum Marketers Association of Nigeria (IPMAN) said it has directed marketers to sell the Premium Motor Spirit (PMS) for ₦170 per litre. This instruction is coming on the heels of Thursday’s night announcement of ₦155 .17 ex-depot price to the marketers by the Pipelines and Products Marketing Company (PPMC). Read … Read more
NOVEMBER 13, 2020 … Marketers to sell at ₦168 – ₦170/litre The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to ₦155.17 per litre from ₦147.67 per litres. PUNCH reports that the PPMC disclosed this in an internal … Read more
…..Demand Explanations On Alleged Diversion Of $30bn Forex Allocation The House of Representatives has threatened to issue warrants of arrest against the Director of Department of Petroleum Resources (DPR), the managing director National Petroleum Investment Management Services (NAPIMS), over failure to submit documents before the House joint Committees on Finance, Banking and Currency on the … Read more