The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which would enable marketers to sell at N935 in their outlets …

Nigeria is a major crude oil producer. It currently produces about 1.3 million barrels of crude per day. In the best of times, it can pump somewhere around 1.8 million barrels of the black gold daily. That number could cross the 2 million mark if we decide to end crude oil theft and illegal bunkering. These will not happen because …

Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa …

The Lagos State Traffic Management Authority (LASTMA) has warned motorists queuing for fuel at various filling stations to avoid traffic congestion that inconveniences other road users. The General Manager of LASTMA, Olalekan Bakare-Oki, gave the warning on Sunday as he deployed additional officers to monitor traffic around fuel stations across Lagos. This is according to a statement by LASTMA’s Director …

The Oodua People’s Congress (OPC) has called for dialogue between the government and leaders of the August planned protest against economic hardships faced by Nigerians. The OPC urged President Bola Tinubu on the need for immediate reversal of increased electricity tariff and reduction of food and fuel prices as a goodwill gesture. OPC gave its counsel in a statement on …

The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit (PMS) in Nigeria. This was as the Chairman of the Dangote Group, Aliko Dangote, revealed that Nigeria would end petrol imports the moment the refinery started selling the product in June. It was earlier reported …

Petrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business. Chaos reigned at few filling stations dispensing the product with black marketers hiking petrol price to N1,500 per litre from N1,000 per litre sold the previous day. Checks around the city showed that …

Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is as a result of a shortage in supply. Similarly, the Nigerian National Petroleum Company Limited (NNPCL) confirmed that there were no products in its Apapa depots. Saturday PUNCH reports that long queues resurfaced in filling stations across the two states on …

The Zamfara State Government has announced the ban on sales of loaves of bread and petroleum in jerry cans to motorists and motorcycle riders for security reasons. Briefing newsmen at the end of the state security council meeting, held recently at Government House, Gusau, Commissioner of Information and Culture, Mannir Muazu Haidara said the council’s resolution was taken as a …

There was heavy traffic gridlock in some parts of Lagos on Monday as motorists formed long queues outside the forecourts of filling stations on what appeared may herald a fresh scarcity of Premium Motor Spirit (PMS). Motorists faced an unusually heavy gridlock due to a long queue of motorists waiting to buy petrol at filling stations Additionally, the Total Filling …