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26,300 Filling Stations Risk Denial of Licences Renewal by DPR

26,300 Filling Stations Risk Denial of Licences Renewal by DPR
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Gabriel Ogbeche: Govt in Dilemma Whether to Remove Subsidy or Not

Business Interview
The Group Managing Director of Rainoil Limited, Gabriel Ogbeche, in this interview with Peter Uzoho, talks about industry issues and Rainoil’s operations. Excerpts:
Two decades after, Rainoil is still thriving. How did it all start?
It’s been a very exciting journey. I left university in 1987. I worked briefly for a company called PricewaterhouseCoopers. Then joined another company called Ascon oil Company Limited and worked there for about five years, learned the business, and then by 1997, I left Ascon Oil and started Rainoil. Rainoil, which we have run for about 24 years now, is a company that we started from scratch, from ground zero. Over the past 24 years, we have grown to become one of the very significant downstream oil and gas companies in the country. ....

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Marketers increase petrol price to N170/litre

However, the Nigerian National Petroleum Corporation (NNPC) has insisted there was no increase yet in the price of petrol. NNPC’s spokesman, Dr Kennie Obateru told
Daily Trust that the Petroleum Products Marketing Company (PPMC), a marketing arm of NNPC, which fixes the ex-depot price of the petrol had not changed the old ex-depot price of N155.17 set since November 2020.
He also said the Petroleum Products Pricing Regulatory Authority (PPPRA) was best suited to address the issue of the new retail price.
He was however silent on how much the corporation was paying on under-recovery considering the rise in crude oil price, which had pushed the landing cost to N180/litre. ....

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Petroleum marketers increase petrol price to N170 per litre

Petroleum marketers increase petrol price to N170 per litre
today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.

Ogun State , Abuja Federal Capital Territory , Timipre Sylva , Kennie Obateru , Nigerian National Petroleum Corporation , Petroleum Resources , Petroleum Products Marketing Company , Petroleum Products Pricing Regulatory Authority , Niger States , Apollo Kimchi , Oshodi Apapa Expressway , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , பெட்ரோலியம் வளங்கள் , பெட்ரோலியம் ப்ராடக்ட்ஸ் சந்தைப்படுத்தல் நிறுவனம் , பெட்ரோலியம் ப்ராடக்ட்ஸ் ப்ரைஸிஂக் ஒழுங்குமுறை அதிகாரம் , நைஜர் மாநிலங்களில் , அப்பல்லோ கிம்சி ,

Marketers Blame DPR, PPPRA for Rising Cooking Gas Price

By Peter Uzoho
Excessive administrative and other sundry charges by the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Authority (PPPRA), among others, have caused an astronomical rise in the price of Liquefied Petroleum Gas (LPG) commonly known cooking gas, THISDAY’s investigation has revealed.
Also, insufficient supply of LPG to local marketers by the Nigeria Liquefied Natural Gas (NLNG) Limited, which is the major supplier of the product in-country, has also contributed to the scarcity of the product and the resultant increase in price lately.
The numerous charges by the regulators have forced the marketers of the product to hike the price at their stations, resulting in consumers having to pay more for cooking gas, which the federal government is projecting as the preferable cooking fuel. ....

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