LAGOS JANUARY 28TH (NEWSRANGERS)-Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said this cost factors in various expenses including shipping, import duties, and exchange rates. The amount is a considerable reduction of N32.35 from the N955 per litre offered at the…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Marketers of cooking gas under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers exposed the plans by some operators of gas terminals in Nigeria and some sets of cabals running the business, to increase the price of 12kg of gas to N25,000. The marketers also revealed that the high…
LAGOS JANUARY 22ND (NEWSRANGERS)-Amid the lingering petrol scarcity in the country, a senior government official and marketers have dashed the hope of an early resolution of the problem by claiming that supply hitches may not end any time soon. The senior official in the Ministry of Petroleum Resources, who spoke to Sunday PUNCH on condition…
LAGOS DECEMBER 9TH (NEWSRANGERS)-The Department of State Services (DSS) has given a 48-hour ultimatum to the Nigerian National Petroleum Company (NNPC) Limited and oil marketers to resolve the ongoing petrol distribution crisis. Peter Afunanya, DSS spokesperson, said this on Thursday after a meeting with stakeholders at the headquarters of the service. Afunanya said the secret…
LAGOS DECEMBER 15TH (NEWSRANGERS)-Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction announced by the Federal Government last week. After meeting with officials of labour unions in Abuja last week, the Minister of Labour and Employment, Dr Chris Ngige, announced…