The National Bureau of Statistics (NBS) has said about 69.71 million litres of Household Kerosene (HHK) were locally produced in 2023 compared to 44.68 million litres in 2022, indicating a growth rate of 56.02 per cent over the period. It also said distribution of the Premium Motor Spirit (PMS) or petrol reduced by 19.96 per…
THE Association of Mega Filling Station Owners of Nigeria (AMFSON) has called for a stronger partnership between the association and the management of the Nigerian National Petroleum Company (NNPC) Limited. The Association said it can transport fuel to the 774 local government headquarters in the country at a cheaper rate in order to make the…
OIL prices rose yesterday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices were headed for a third straight monthly loss because of concerns about waning global demand. Brent crude futures for November delivery, expiring yesterday, gained 1 cent to $71.00 a barrel. The more actively traded Brent…
THE Petroleum Tanker Drivers Branch (PTD) Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has commended President Bola Ahmed Tinubu’s administration renewed commitment to ensure motorable federal highways across the country. The Union, a communique, also commended efforts by the government to ensure stability in supply of petroleum products. The Union,…
US oil major, ExxonMobil, has disclosed plans to invest $10 billion in Nigeria’s deep-water oil operations. Vice President Kashim Shettima welcomed the investments on the sidelines of the 79th Session of the United Nations General Assembly (UNGA) in New York, United States describing the development as a testament to the administration’s investment-friendly policies. A statement…
Some automobile experts have said cars using Compressed Natural Gas (CNG) save 70 per cent in maintenance and running expenses compared to those running on Premium Motor Spirit (PMS) or petrol. They spoke during separate interviews with the News Agency of Nigeria (NAN) in Abuja. Speaking on the benefits of converting car from using petrol…
The Nigerian National Petroleum Corporation (NNPC Ltd.) has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. A short statement endorsed by Chief Corporate Communications Officer at NNPC Ltd. Olufemi Soneye, and posted on its official X handle, the oil…
