OpeOluwani Akintayo Lagos — President Mohammadu Buhari’s efforts at promoting more use of gas in Nigeria may not be achieving…
Browsing: Petroleum Equalisation Fund
Mkpoikana Udoma 03 April 2018, Sweetcrude, Port Harcourt – The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN and…
According to the lawmakers, the levy will be used to fund the Petroleum Equalisation Fund (PEF) as reflected in the new bill.
The NNPC has stridently debunked the rumor and assured Nigerians that it has no plans to increase prices both at the pump and ex-depot level.
He explained that the deployment of the Aquilla 2 technology fits into reforms recently introduced by the Fund, such as the rigorous background activities currently undertaken by PEF, including on-site visits by its staff to physically inspect outlets to ensure they meet specific requirements and capacity approved by the Department of Petroleum Resources (DPR).
“The stakeholders strongly opposed the peddling of refined petroleum products across the Nigerian borders to neighbouring countries and would therefore apply strict sanctions against any member of the oil marketing associations found culpable in this regard.”
“As leaders of the association, we feel it is necessary to tell our members the truth as the government has no plan to increase fuel price for now. The rumour is a lie and anything you hear that is not from us, ignore it.”
26 January 2017, Lagos – The Presidency on Wednesday ordered the immediate payment of the N150bn owed petroleum marketers in the…
20 December 2016, Abuja – The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano State has threatened to embark…
“This position is premised upon the fact that the current market fundamentals, as captured on the PPPRA pricing template for PMS, confirmed that the market is operating within the existing price band of N135-N145 per litre.”