The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria’s leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria’s leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into the country.
Browsing: PMS
The National Publicity Secretary of the main opposition party, Debo Ologunagba, in a statement, described the new price as provocative and extortionate, adding that the recent increment worsened the already suffocating economic situation under the leadership of the APC.
The Nigerian National Petroleum Company Limited NNPCL has attributed the latest increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities.
In a statement signed by Mallam Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, the NNPC said between January and August 2022, “the total volume of Premium Motor Spirit (PMS) imported into the country was 16.46 billion litres, which translates to an average supply of 68 million litres per day.
A News Agency of Nigeria correspondent who monitored the situation reported that the fares were increased by between N100 to N150, depending on the route.
The Eagle online correspondent who moved around different locations in Ifako-Ijaiye local government area observed long queues at different gas stations, on Iju road; College road; Ijaiye/Isheri road among others.
Sunday Odukoya, the Executive Assistant to Gov. Seyi Makinde on Security, gave the warning on Sunday in Ibadan, while reading Riot Act to PMS members at a meeting with them.
The approval was sequel to a request by President Muhammadu Buhari for revision of the 2021 fiscal framework.
Some transporters made the disclosure in separate interviews with the News Agency of Nigeria in Lagos on Monday.
NUPENG’s Secretary General, Afolabi Olawale stated this in an interview with the News Agency of Nigeria on Tuesday in Lagos.
The downstream petroleum regulatory agency also confirmed that 37 million litres of Premium Motor Spirit (PMS) was trucked out with 885 trucks to the stations on Wednesday.
The ongoing scarcity of PMS, also known as petrol, is due to the withdrawal of the off-spec products imported into the country from the market.
The NPA, in its ”Daily Shipping Position”, listed other items being discharged as automobile gasoline, bulk wheat, general cargo, container, frozen fish, plaster, trucks and bulk salt.
The company made the announcement in Abuja on Friday in a public notice, entitled: “Refutal that Brittania-U was among oil and gas companies that brought off-spec Premium Motor Spirit currently in circulation.”
The reaction of the group to the NNPC’s allegation was contained in a statement by the Lead Consortium, Emadeb, on Thursday.
NAN reports on Sunday that normalcy has been restored as many fuel stations at Central Business District, and Nyanya-Karu-Kurudu-Orozo-Karshi axis are currently selling at normal rate of N165 per litre and dispensing with all pumping machines.
The Customs Public Relations Officer of the command, Nasiru Manga, said this in a statement on Sunday in Birnin-Kebbi.
The vandals were arrested at Afon, Laduba village of Asa Local Government Area of Kwara State on Friday.
The Director, Army Public Relations, Brigadier General Onyema Nwachukwu, disclosed this in a statement.
The Area Comptroller, Kebbi Area Command, Hafiz Kalla, made this known on Thursday in Birnin Kebbi while briefing newsmen on the activities of the command during the period.