‘Cases of pipeline vandalism rose by 42.9% in October 2018’
The Nigerian National Petroleum Corporation (NNPC) has expressed worry over what it described as increasing incidents of pipeline vandalism across the country. According to the corporation, in October 2018, its pipeline network suffered a 42.9 per cent increase in vandalism compared to the previous month during the year. Giving a breakdown of the incidents of…
‘Crude oil production witnessed nine per cent increase in 2018’
The Nigerian National Petroleum Corporation (NNPC) yesterday said daily crude oil production recorded an upward swing of about 2.09million barrels in the outgone 2018.
Era of VAT charges on LPG almost gone, says PPMC
In line with the Federal Government’s aspirations to increase local consumption of Liquefied Petroleum Gas (LPG) in the country, Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has disclosed plans by the government to remove the existing value added tax (VAT) on LPG sourced locally. The company’s Executive Director,…
NBS releases petrol price gaps, Borno highest at N166.08 per litre
The price of premium motor spirit, otherwise called petrol, has been reported to be selling for as high as N166.08 per litre in Borno State.
PPMC gets N184.02bn from sale of petroleum products in March
Sale of petroleum products by the Pipeline and Products Marketing Company (PPMC) decreased from the N198.94 billion realised in the month of February to N184.02 billion in May, 2018. Total revenues generated from the sales of white products for the period March 2017 to March 2018 stands at ₦2.129 trillion, where Premium Motor Spirit (PMS)…
PPMC gets N1.864tr from petroleum products
The total revenue generated from the sales of white products by Pipeline and Products Marketing Company for the period of January to December 2017 stood at ₦1.864 trillion. Of this amount, Premium Motor Spirit (PMS) contributed about 84.72 per cent of the total sales with a value of ₦1.579 trillion, according to data from the…
Overhaul pipelines, refineries, depots to address fuel scarcity, PENGASSAN tells FG
In a bid to proffer solutions to the lingering fuel scarcity in the country and attendant man-hours lost at fuel stations, the Petroleum and Natural Gas Senior Staff Association of Nigeria...
Welcome to the reign of racketeers, fly-by-night contractors
For days it rage: The terror of racketeers and middlemen. They were in embarrassing control of the economy. And no one could tame them.
Reps order PPMC to tender proof of $245m payment for special products
The House of Representatives Ad-Hoc Committee on Oil and Gas yesterday gave the Pipeline Products Marketing Company (PPMC) seven days to submit receipts of $245 million paid for products lifted by Duke Oil.
Reps threaten to sanction Conoil over alleged N3.182bn debt to PPMC
The House of Representatives Adhoc Committee has threatened to bar Conoil Plc from lifting petroleum products over its default on a N3.182 billion debt owed the Petroleum Products Marketing Company (PPMC).