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The Looming Fuel Price Increase


Business/Energy
Recently, Nigerians, who were already agonising in the atmosphere of unabating insecurity, were greeted with yet another bad news; an imminent fuel price increase. What is more disturbing is the call for them to bear the pains of the increase, as if they ever had any respite from all the years of persistent price rise in petroleum products. Fortunately, towards the end of last week, the Nigerian National Petroleum Corporation (NNPC), through its spokesperson, Kennie Obateru, said there would be no fuel price increase. As good as the news may be, it tells about some lack of coordination between the NNPC and the Ministry; and an embarrassing lack of communication between the GMD and the Minister. Chris Paul reports ....

Saudi Arabia , Abuja Federal Capital Territory , Chris Paul , Timipre Sylva , Chinedu Ukadike , Kennie Obateru , Tam David West , Mele Kyari , Nigerian National Petroleum Corporation , Petroleum Products Pricing Regulatory Agency , Nigerian Upstream Cost Optimisation Programme , Petroleum Resources , Petroleum Marketers , Business Energy , Public Relations Manager , Independent Petroleum Marketers , Group Managing Director , Open Market Price , Production Sharing Contracts , Petroleum Minister , Direct Sale Purchase , சவுதி அரேபியா , கூட்டாட்சியின் மூலதனம் பிரதேசம் , கிறிஸ் பால் , டாம் டேவிட் மேற்கு , மேலே கியாரி ,

Allow investors to run Nigerian refineries- IPMAN


Refineries Photo:Pixabay
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to allow investors to take over the running of the country’s three refineries.
Alhaji Danladi Pasali, National Secretary of IPMAN, stated this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja.
He spoke while reacting to a report that the pump price of petrol might likely get to N190 per litre and the price of crude oil hit 60 dollars per barrel in the international market.
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Speaking at the official launch of Nigerian Upstream Cost Optimisation Programme in Abuja, Minister State for Petroleum Resources, Chief Timipre Sylva said with no provision of subsidy in the 2021 budget, the Nigerian National Petroleum Corporation, cannot continue to bear the cost of under-recovery. ....

Abuja Federal Capital Territory , Timipre Sylva , Alhaji Danladi Pasali , Nigerian National Petroleum Corporation , Nigerian Upstream Cost Optimisation Programme , Petroleum Resources , News Agency Of Nigeria , Petroleum Marketers Association Of Nigeria , Refineries Photo , Independent Petroleum Marketers Association , Federal Government , Danladi Pasali , National Secretary , News Agency , Minister State , Chief Timipre Sylva , Oil Refineries , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , நைஜீரியன் அப்ஸ்ட்ரீம் செலவு தேர்வுமுறை ப்ரோக்ராம் , பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் சந்தைப்படுத்துபவர்கள் சங்கம் ஆஃப் நைஜீரியா , சுத்திகரிப்பு நிலையங்கள் புகைப்படம் , சுயாதீனமான பெட்ரோலியம் சந்தைப்படுத்துபவர்கள் சங்கம் , கூட்டாட்சியின் அரசு , தேசிய செயலாளர் ,