30 h. ago We’ll ensure implementation of 5% user charge on petroleum products, assures lawmakers

From Isaac Anumihe, Abuja The House of Representatives has reaffirmed its commitment to ensuring the full implementation of the 5 per cent user charge on petroleum products and diesel as stipulated under the Federal Roads Maintenance Agency (FERMA) Act, 2007. The House emphasised that enforcing the provision remains a priority for the 10th Assembly as […] The post We’ll ensure implementation of 5% user charge on petroleum products, assures lawmakers appeared first on The Sun Nigeria.

Politics

49 h. ago Dangote reveals N750bn CNG truck investment for petrol distribution

Dangote Petroleum Refinery says it has committed over N720 billion toward the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks intended for the nationwide distribution of petroleum products. The project, according to company estimate, may result in cost savings exceeding N1.7 trillion annually for Nigerians. The company noted that the initiative will take on fuel […] The post Dangote reveals N750bn CNG truck investment for petrol distribution appeared first on The Sun Nigeria.

Politics

5 d. ago ‘Dangote’s Investment Of N720bn On CNG Trucks To Save Nigerians N1.7trn’

Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs. […]

Politics

9 d. ago FG, NEPZA, Dangote move to crash domestic prices of petroleum products

Tribune Online FG, NEPZA, Dangote move to crash domestic prices of petroleum products Federal government Committee on ‘One Stop-Shop’ on the sales of Crude in Naira, the Nigerian Export Processing Zones Authority (NEPZA) and Dangote Refinery & Petrochemicals Free Zone Enterprises have agreed to meticulously midwife the presidential directive on crashing domestic prices of petroleum products to enhance national energy security, and promote economic growth. While paying a […] FG, NEPZA, Dangote move to crash domestic prices of petroleum products Tribune Online

Events

1 week ago Heirs Energies, Renaissance Africa partner to boost petroleum production

Heirs Energies Limited and Renaissance Africa Energy Company are collaborating to deepen local oil and gas production. This deal was consummated during a courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance’s leadership team, led by the Managing Director, Tony Attah. The meeting, which marked the first formal engagement between the two companies […] The post Heirs Energies, Renaissance Africa partner to boost petroleum production appeared first on The Sun Nigeria.

Politics

1 week ago Heirs Energies, Renaissance Africa Energy Company eye collaboration to drive oil, gas devpt

Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit read more Heirs Energies, Renaissance Africa Energy Company eye collaboration to drive oil, gas devpt

Politics

2 w. ago NUPRC reviews crude oil export guidelines to enhance petroleum products tracking

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reviewed the guidelines for the advanced cargo declaration regime, a move aimed read more NUPRC reviews crude oil export guidelines to enhance petroleum products tracking

Politics

2 w. ago NUPRC unveils new guidelines for advanced cargo declaration to boost oil export transparency

From Adanna Nnamani, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released new guidelines for the Advanced Cargo Declaration regime, aimed at improving transparency, accountability, and efficiency in the nation’s crude oil and petroleum product exports. According to a statement by the Commission’s Public Affairs and Corporate Communication Unit on Wednesday, the guidelines were […] The post NUPRC unveils new guidelines for advanced cargo declaration to boost oil export transparency appeared first on The Sun Nigeria.

Transport

2 w. ago Retailers Warn Against Dangote Refinery’s Downstream Monopoly, Say Job Losses Loom

Petroleum products retail outlet owners have raised concerns over the potential monopolistic threat posed by Dangote Refinery’s forward integration strategy in Nigeria’s downstream petroleum sector. Speaking under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the outlet owners warned that the refinery’s dominance could lead to widespread job losses and […]

Events

2 w. ago Fuel scarcity imminent as tanker drivers halt loading at Dangote Refinery

Members of the National Association of Road Transport Owners (NARTO) have been ordered to instruct their representatives at the Dangote Refinery loading depots to suspend the programming of tankers for loading petroleum products. The order is reportedly in protest against the enforcement of the E-call-up system at the Lekki Port corridor by the Lagos State […] The post Fuel scarcity imminent as tanker drivers halt loading at Dangote Refinery appeared first on The Sun Nigeria.

Transport

2 w. ago Fuel scarcity imminent as tanker tankers halt loading at Dangote Refinery

Members of the National Association of Road Transport Owners (NARTO) have been ordered to instruct their representatives at the Dangote Refinery loading depots to suspend the programming of tankers for loading petroleum products. The order is reportedly in protest against the enforcement of the E-call-up system at the Lekki Port corridor by the Lagos State […] The post Fuel scarcity imminent as tanker tankers halt loading at Dangote Refinery appeared first on The Sun Nigeria.

Transport

2 w. ago Petrol Pump Prices May Not Rise In Nigeria Despite Hike Int’l Market Rate

There are reports indicating that pump price of petrol in Nigeria may not go up despite a sharp rise in the price of crude in the international market. Despite being an oil-producing nation, Nigeria relies heavily on imported petroleum products. This means that any rise in global oil prices is directly reflected in local fuel […]

Politics

3 w. ago FG brokers landmark peace deal between Sterling Oil and PENGASSAN

By Damiete Braide In a significant turn of events for Nigeria’s oil and gas sector, the Federal Government has successfully brokered a peaceful resolution between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). This development brings an end to months of tension […] The post FG brokers landmark peace deal between Sterling Oil and PENGASSAN appeared first on The Sun Nigeria.

Politics

3 w. ago FG mediates Sterling Oil, PENGASSAN dispute for industry stability

The Federal Government has mediated a resolution between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum read more FG mediates Sterling Oil, PENGASSAN dispute for industry stability

Politics

3 w. ago Marketers Engage Global Suppliers To Crash Petrol Price To N700/Litre

Key petroleum products marketers in Nigeria have reportedly struck a deal with notable global gasoline suppliers to bring in products that are far more cheaper than what is presently available at retail outlets. LEADERSHIP reports that the deal will lead to selling Premium Motor Spirit (PMS) also called petrol at about N700 per litre. An […]

Events

4 w. ago Accurate Data Drives Transparency, Efficiency In Downstream Petroleum Sector — PETROAN

Accurate and timely data is crucial for transparency and efficiency in Nigeria’s downstream petroleum sector. With the recognition of this, the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has endorsed Petroleumprice.ng as a leading platform that provides real-time pricing and industry information, reinforcing the importance of reliable data in supporting informed decision-making across […]

Politics