He said, “Henceforth, no petrol station should reserve fuel for special customers or under whatever guise. Any stations found doing that would be sanctioned accordingly.”
Browsing: Department of Petroleum Resources
Mkpoikana Udoma 06 February 2018, Sweetcrude, Port Harcourt – The Ijaw Youth Council, IYC has raised the alarm over continued scarcity…
“This 8th Senate is here to expose every corruption in the system, irrespective of how highly-placed those involved are, and therefore, the reason for this public hearing today. This unconstitutional and illegal practice must be addressed and we are not going to rest until it is fully addressed.”
“I am happy to inform you that progress has been made, up to the level of an acceptable detailed engineering design and we are in the process of mobilising some of the refineries already identified for installation in Nigeria.”
This arrest confirms the NNPC’s position that products hoarding and diversion were responsible for the fuel supply shortages witnessed recently in some parts of the country.
Princewill Demian 18 January 2017, Sweetcrude, Abuja – The Department of Petroleum Resources (DPR) on Wednesday dispensed 14,400 litres of…
The PPMC boss called on marketers to desist from hoarding and diversion of petroleum products to neighbouring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.
He further explained that IPMAN has been infiltrated with non-members who diverts fuel to black markets, adding that they would also collaborate on surveillance of filling stations across the country.
Nigeria is among the world’s 10 cheapest places to buy petrol, which partly explains its recent fuel shortages. It also means that rising oil prices may be a double-edged sword for the country.
The minister disclosed further that as a result of the N26 difference per litre between the current landing cost of the product (N171) and pump price of N145, NNPC which had been singularly importing the product at the volume of 25 million litres per day since October last year, has been incurring a daily loss of about N800-N900 million, cumulatively reaching N85.5billion today, in just three months.
