NNPCL Archives - Page 7 of 17 - Voice of Liberty NG

NNPCL/?angote: Coalition of Energy Lawyers alleges plot to frustrate Nigerian local refineries

September 18, 2024September 18, 2024 Aminu Imam

The Coalition of Energy Reforms Lawyers and Activists, (CERLA), has alleged a plot by the Nigerian National Petroleum Company Limited, (NNPCL) to frustrate local refineries. At a press conference in Abuja yesterday, the Coalition alleged that the NNPCL was not being transparent in its deal with the Dangote refinery. There has been confusion over the price of Premium Motor Spirit, (PMS), better known as petrol, purchased by the NNPCL from the ?angote Refinery. Recall that NNPCL had claimed it loaded over 70 trucks from ?angote Refinery at N898 per litre.…

NNPC to sell ?angote petrol above N1,000/litre in North, N950 in Lagos

September 17, 2024September 17, 2024 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL), has announced that petrol lifted from the ?angote Refinery will be sold above N1,000 per litre in the far North. The NNPC spokesperson, Olufemi Soneye, disclosed this yesterday, in a statement, titled: �NNPC Ltd Releases Estimated Pump Prices of PMS from ?angote Refinery Based on September 2024 Pricing�. Soneye explained that the price of petrol from the ?angote Refinery will vary across the country, ranging from N960 per litre in southern States like Oyo and Rivers, to N999.22 per litre in Abuja, Sokoto,…

IPMAN decries selling of ?angote Petrol higher than imported fuel

September 17, 2024September 17, 2024 Aminu Imam

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited (NNPCL) to ensure it is not sold at a higher price than imported fuel. According to IPMAN, it doesn�t make sense for the NNPCL to sell petrol lifted from the ?angote Refinery higher than imported ones, adding that the pricing strategy for locally refined petrol should reflect the advantages of domestic production, offering Nigerians a more affordable option. This was disclosed by the…

?angote debunks NNPCL’s claim of buying�its petrol at N898/ litre

September 16, 2024September 16, 2024 Aminu Imam

The ?angote Refinery has dismissed claims by the Nigerian National Petroleum Company Limited (NNPCL) that it bought Premium Motor Spirit, a.k.a petrol, from its refinery at N898 per litre. The company, which disclosed this in an issued press statement signed by its Group Chief Branding and Communications Office, Olufemi Soneye, denied claims that the national oil company purchased petrol at N898 per litre, saying it sold the priduct to NNPCL in dollars. Recall that the NNPCL had recently alleged that buy the product from the Refinery at N898 per litre,…

Petrol: Marketers, NNPCL counter ?angote Refinery�over lower-pricing�boycott claims

September 14, 2024September 14, 2024 Aminu Imam

Nigeria�s oil and gas crisis took a fresh twist yesterday, when the Vice-President of ?angote Industries Limited, Devakumar Edwin accused local petroleum marketers of boycotting ?angote Refinery�s petrol despite offering lower prices. Recall that Edwin, speaking during an X space session organised by Nairametric on Thursday, said only 3% of local petroleum marketers were interested in buying its recently rolled-out petrol. He stressed that local marketers refused to purchase PMS from the 650,000 barrels per day Lagos-based refinery while having a preference for imported petrol. His claim struck Nigerians and…

NNPCL, Chevron targets JV�s 165,000 bpd oil production by Dec. 2024

September 10, 2024September 10, 2024 Aminu Imam

�As partners concludes conversion of assets into PIA terms In line with the Petroleum Industry Act (PIA) 2021 provisions of transiting assets from the Petroleum Profit Tax (PPT) into PIA terms, the NNPC Ltd and its Joint Venture (JV) partner, Chevron Nigeria Ltd (CNL), have concluded the conversion of five of its JV assets into the PIA terms. Under the new PIA regime, all existing Oil Prospecting Licenses (OPLs) and Oil Mining Leases (OMLs) would be automatically converted to Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Leases, (PMLs) upon their…

‘?angote Refinery free to sell petrol directly to any marketer’ � NNPCL

September 8, 2024September 8, 2024 Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) has said it has no desire or intention to be the sole offtaker of petrol produced by the ?angote Refinery. The NNPCL said this while reacting to claim by the Muslim Rights Concern, (MURIC), which claims that the ?angote Refinery Limited is being undermined by actions of the NNPC Ltd. Recall that MURIC had, in a statement issued on Friday, claimed that recent changes to the pump price of petrol will prevent the ?angote Refinery from selling the product at lower prices to…

“Prepare for more fuel scarcity”, NNPCL warns amid price hike

September 6, 2024September 6, 2024 Aminu Imam

Executive Vice-president of Nigerian National Petroleum Company Limited, NNPCL (Downstream), Adedapo Segun, has advised Nigerians to brace for more fuel scarcity following the recent hike in the pump price of the product. The NNPCL Executive, who said this while speaking on a television programme, yesterday, emphasised the need for a perfectly competitive market to ensure stable fuel prices and supplies in Nigeria. �The pump price today is not market reflective. NNPCL is the sole importer of PMS in the country, which is abnormal. We should be moving towards a situation…

CNG rejects NNPCL fuel price hike

September 6, 2024September 6, 2024 Aminu Imam

The Coalition of Northern Groups (CNG), has rejected the price increase of Premium Motor Spirit (PMS), aka petrol. Recall that the newest price hikes, implemented by the Nigerian National Petroleum Company�s (NNPCL) Retail Management, range from N855 to N897 per litre, depending on the location, from the previous N568-N617. Independent marketers have adjusted their prices to between N930 and N1, 200 per litre of petrol. The price hike has had a widespread impact, with some Nigerians resorting to long-distance trekking and others missing work due to the higher transportation costs…

Nigerians lament, as petrol price hits N1,200/litre in Kano, N855 at NNPCL stations

September 4, 2024September 4, 2024 Aminu Imam

Fuel prices have increased across the country, leading to scarcity in major filling stations, which has led to transport price increase for passengers plying the roads. The news of the price increase broke yesterday morning, with reports indicating that the Nigerian National Petroleum Company Limited (NNPCL) retail outlets had adjusted their meters from N568 per litre to N855 per litre in Lagos. The situation has led to widespread fuel queues, causing significant disruptions across Lagos and other parts of the country. The Premium Motor Spirit (PMS), better known as petrol,…