Tag: DIESEL

FG suspends 15% import duty on petrol, diesel 

Aminu Imam
FG suspends

The Federal Government, under President Bola Ahmed Tinubu, has suspended the planned 15% import duty on imported Premium Motor Spirit (PMS), otherwise known as petrol, and diesel. The Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Public Affairs Department, George Ene-Ita, made this known in a statement yesterday. Ene-Ita said; “It should also be noted that the implementation of the 15 percent ad-valorem import duty on imported PMS and diesel is no longer in view”. NMDPRA also assured all that there is an adequate supply of petroleum products in…

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Telcos alert FG to diesel shortages to 16,000 telephone sites

Aminu Imam
Telcos alert FG

Telecommunications operators (Telcos) have expressed deep concerns about ongoing disruptions to the supply logistics of diesel to cell sites across the country. The operators, under the aegis of the Association of Licensed Telecom Operators of Nigeria, (ALTON), in a statement on Thursday, signed by the Chairman, Gbenga Adebayo, said the body has received credible reports that members of the Nigerian Union of Petroleum and Natural Gas Workers and the Natural Oil and Gas Suppliers Association of Nigeria, (NOGASA), on Tuesday, blocked access to diesel loading depots in Kaduna, Lagos, and…

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IPMAN, ?angote reach agreement for direct lifting of petrol, diesel

Aminu Imam
IPMAN boss, Abubakar Garima3

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has secured an agreement with ?angote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this in Abuja yesterday, after a meeting of the National Working Committee of the association. He said the partnership will ensure steady, and affordable supply of PMS products nationwide. According to Girima, after meeting with Aliko ?angote and his management team in Lagos, were pleased to announce that ?angote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our…

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Power Outage: Filling Stations reduce hours of fuel sell in Kaduna due to high diesel consumption

Abdul-Azeez Ahmed Kadir

Major oil marketers in Kaduna metropolis and environs have drastically reduced their hours of operations as a result of high consumption of diesel which they utilised to service the motoring public. This has led to queues by motorists who have to buy within the limited time in the filling stations across the state, despite the availability of the products in some of the stations. A visit by Voice of Liberty to some of the major stations saw some selling for between 6 and 8 hours, then shut down to sell…

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“Our diesel 80% better than imported ones” – Dangote fires back at NMDPRA CEO

Aminu Imam
Dangote replies2

?angote Industries Limited (DIL) has condemned an online report criticising the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria. In a statement released by the companys spokesperson, Anthony Chiejina, on Friday, ?angote Industries Limited called reports of producing high-sulfur diesel mischievous and aimed at tarnishing our reputation. Recall that reports circulating online quoted the Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, to have told newsmen in Abuja, that refined petroleum products from ?angote…

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Marketers distribute 25m litres of ?angote diesel

Aminu Imam
Dangote diesel

Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil, (AGO), popularly called diesel, produced by the ?angote Petroleum Refinery in less than three months after the plant started releasing AGO to the market. It was also gathered on Saturday that the registration of oil marketers with the $20bn firm was still on-going, as more dealers register with the plant ahead of its readiness to push out Premium Motor Spirit, otherwise known as petrol, into the domestic market in July. The Independent Petroleum Marketers Association of…

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?angote begins diesel sale

Aminu Imam

…Marketers get 1m litres each The $20bn worth ?angote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. Dealers and officials of the plant confirmed this yestetday, as it was gathered that the refinery commenced diesel sales last week. The National President, Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, told newsmen: They started pumping out diesel to marketers since last week. They also promised to sell aviation fuel soon. Some of my members confirmed this to me after making purchase. He…

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Nigerian Customs to start charging VAT on diesel imports

Aminu Imam

The Federal Inland Revenue Service, (FIRS), has issued a letter to diesel suppliers in Nigeria, informing them that they are required to pay Value-Added Tax (VAT) on automobile gas oil (AGO), or diesel imported into the country. The letter, dated June 8th, 2023, and addressed to diesel suppliers, was forwarded by the Assistant Comptroller-General of Tariff and Trade, MBA Musa, on behalf of the Deputy Comptroller-General of Tariff and Trade to diesel suppliers. According to the letter, the VAT Modification Order 2021 only exempts petroleum products of HS codes 2709.00.00.00…

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Diesel shortage grounds Abuja-Kaduna train service

Aminu Imam

The Nigerian Railway Corporation, NRC, has apologised for the delay in Abuja-Kaduna train service movement on Monday. The Manager, Abuja-Kaduna Train Service, Pascal Nnorli, who issued a statement after complaints by passengers, explained that the delay was due to a shortage in the supply of AGO, popularly known as diesel. According to him, the diesel received fell short of the standard required, and was outrightly rejected after a statutory laboratory test. The manager said the test is carried out on all liquid used on the rolling stock, locomotives inclusive, in…

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