The Federal Government has launched an emergency intervention to tackle rising cooking gas prices, bringing together the EFCC, DSS, Police, regulators, and industry stakeholders to curb LPG hoarding, diversion, and market manipulation. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the move aims to improve gas supply, […]
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on refiners, depot owners, and fuel importers to reduce petrol prices following the recent drop in global crude oil prices. PETROAN said Brent crude has declined to around $77–$78 per barrel after easing tensions between the United States […]
Residents of Lonex Gardens Estate in Isheri North, Ogun State, have called on authorities to urgently review the operation of a gas facility within their residential community, citing safety and environmental concerns. The Residents’ Association of Lonex Gardens Estate (RALGIN) says the facility, reportedly linked to Daalon Gas Nigeria Limited, […]
The Federal Government of Nigeria has issued a stern warning to oil marketers, threatening to revoke the licenses of those found guilty of hoarding Premium Motor Spirit (PMS), commonly known as petrol. This comes in response to the persistent fuel scarcity plaguing Abuja, Niger, Nasarawa, Kaduna, and several other states, […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has projected that the ongoing petrol scarcity, which has extended to more states, will persist for at least two weeks before normalizing. This announcement comes despite the Nigerian National Petroleum Company Limited’s (NNPCL) assurance of adequate product stock. Chinedu Ukadike, the Public […]
