More than 100,000 vehicles have been converted from petrol to Compressed Natural Gas (CNG)/bi-fuel-powered with over $200 million invested across the value chain, according to the Presidential CNG Initiative. In a statement on Thursday, the Project Director/CEO of the Presidential CNG Initiative, Engr. Michael Oluwagbemi said that more conversion centres are being established across the country. With investors ramping up the …

Three oil marketers – AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited – have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated 5 November 2024, a response to an originating summon filed by Dangote Petroleum …

NNPC Limited (NNPCL) has stated that its Group Chief Executive Officer (GCEO), Mallam Mele Kyari is not responsible for the hike in the prices of the Premium Motor Spirit (PMS), popularly known as petrol. On Tuesday, some protesters stormed Abuja headquarters of the oil giant, demanding Kyari’s resignation over the increase in the prices of petrol nationwide. Reacting to the …

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said that Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that the landing cost …

Scores of youths stormed the headquarters of the Nigerian National Petroleum Company Limited (NNPCL) on Monday, demanding the immediate resignation of the Group Chief Executive Officer of the company, Mele Kyari. The protesters, led by some Civil Society Organisations (CSOs) described Kyari’s leadership as incompetent, citing skyrocketing fuel prices, endless fuel queues, and economic hardship in Nigeria. The protesters carrying …

Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. In …

The dedication of the Nigerian Upstream Petroleum Regulatory (NUPRC) to fostering a favourable business environment has continued to attract huge investments in the oil and gas industry as TotalEnergies has committed to multi-billion-dollar investments and participation in the next bid round. During a meeting at the commission’s headquarters in Abuja on Friday, President/Chief Executive Officer of TotalEnergies Worldwide, Mr. Patrick …

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit (PMS), popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by NNPC …

The Arewa Economic Forum (AEF) has called for the establishment of a refinery at the Kolmani Oil Field in Bauchi State. Ibrahim Shehu Dandakata, Chairman of the AEF, made this announcement during a press conference in Abuja, emphasizing that the project is vital for the economic survival of Northerners, particularly in light of the current exorbitant fuel prices in the …

The Defence Headquarters (DHQ) has insisted that crude oil pipelines across the country must be metered, to curb oil theft. It lamented that its demand for the metering of crude oil pipelines in the country had yet to be activated. The Director of Defence Media Operations, Major General Edward Buba, on Thursday, noted that metering oil pipelines would help to …