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IPMAN arrests 4 trucks with suspected stolen petroleum products

Vanguard News IPMAN arrests 4 trucks with suspected stolen petroleum products On By Tunde Oso The Independent Petroleum Marketers Association of Nigeria, IPMAN has arrested four trucks laden with stolen Automotive Gas Oil, AGO. The suspects, (names withheld) with vehicle registration numbers: NSR 357 G, KT650ZZ, GXH27XA and XD242HAG respectively were arrested at the Delta State Polytechnic Community of Uzoro at the wee hours of yesterday on their way to Asaba with the stolen products. Eshanekpe Israel (a.k.a Akpodoro), Head of Sector ‘C’ Surveillance and Enforcement Team of IPMAN, said the stolen products were loaded from Port Harcourt for onward delivery to Asaba, where their accomplices were waiting to receive the product, but were intercepted by the IPMAN surveillance team, who were working in collaboration with men of the Nigerian Army drawn from 181 battalion, Agbarah.

Petrol sells for N175/litre as queues reduce in Abuja

Punch Newspapers Sections Okechukwu Nnodim, Abuja Okechukwu Nnodim, Abuja Published 5:31 am Filling stations, particularly those in some satellite towns of Abuja dispensed petrol at rates higher than the approved N165/litre price on Wednesday, as queues in the Federal Capital Territory gradually reduced. Thousands of commuters had been left stranded for hours at various bus stops in Abuja and neighbouring states of Nasarawa and Niger on Tuesday following widespread petrol scarcity that hit the areas on Tuesday. The Nigerian National Petroleum Corporation, Nigeria’s sole importer of petrol, had to intervene by releasing over a thousand trucks of petrol to help ameliorate the situation.

Petrol landing cost hits N216, daily subsidy now N4 64bn

Punch Newspapers Sections Olalekan Adetayo, ’Femi Asu and Okechukwu Nnodim Published 12:25 am Published 12:25 am  The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar. The Petroleum Products Pricing Regulatory Agency had in March released a pricing template that indicated the guiding prices for the month. The template, which showed that petrol pump price was expected to range from N209.61 to N212.61 per litre, was greeted with widespread public outcry and was later deleted by the agency from its website.

Subsidy rises to N500bn, NNPC rules out fuel price hike

Subsidy rises to N500bn, NNPC rules out fuel price hike
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