AGO PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 167.0SHORELINK₦ 167.0STOCKGAPNIPCO₦ 170.0SAHARA/BULK STRATEGIC₦ 168.0SIGMUND₦ 170.0EVA₦ 167.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELD₦ 170.0ALKANESYSG (YOUNG SHALL GROW)₦ 171.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 170.0NEPAL OIL₦ 168.0PRUDENT OGHARAMATRIX₦ 163.0KEONAMEXTAURUS₦ 165.0OTHNIEL BROOKS₦ 165.0OPTIMA₦ 165.0PINNACLEFRADRO₦ 165.0AYM SHAFA₦ 165.0 LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 168.0IBACHEM₦ 166.0IBETO₦ 166.0SAHARA₦ 168.0INT. OIL & GAS₦ 167.0BEST₦ 165.0ETERNA₦ 165.0FOLAWIYOOBATRAHAMANIYYAINDEX₦...
Month: November 2020
NNPC raises petrol depot price, marketers to sell at N168-N170/litre
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre.
The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali.
The memo, a copy of which was seen by our correspondent, said the new ex-depot price would take effect from Friday.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots.
In its PMS price proposal for November, the PPMC put the landing cost of petrol at N128.89 per litre, up from N119.77 per litre in September/October.
It said the estimated minimum pump price of the product would increase to N161.36 per litre from N153.86 per litre.
The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, in a telephone interview with our correspondent, said the over N7 increase in ex-depot price would translate into an increase in pump prices.
He said, “The implication of the increase in the ex-depot price is that there is going to be an increase in the pump price. We are expecting the pump price to range from N168 to N170 per litre.
“Crude oil price is going up,” he said, noting that the Federal Government has fully deregulated petrol prices.
Following the deregulation of petrol prices in September, marketers across the country adjusted their pump prices to between N158 and N162 per litre to reflect the increase in global oil prices.
Petrol price band had also risen from N121.50–N123.50 per litre in June to N140.80-N143.80 in July and N148-N150 in August.
The Minister of State for Petroleum Resources, Timipre Sylva, said in September that the government had stepped back in fixing the price of petrol, adding that market forces and crude oil price would continue to determine the cost of the product.
Source: Punch
12-11-2020
AGO PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 167.0SHORELINK₦ 167.0STOCKGAPNIPCO₦ 170.0SAHARA/BULK STRATEGIC₦ 169.0SIGMUND₦ 170.0EVA₦ 167.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELDALKANESYSG (YOUNG SHALL GROW)₦ 170.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 170.0NEPAL OIL₦ 168.0PRUDENT OGHARA₦ 170.0MATRIX₦ 162.0KEONAMEXTAURUS₦ 165.0OTHNIEL BROOKS₦ 165.0OPTIMA₦ 165.0PINNACLEFRADRO₦ 165.0AYM SHAFA LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 168.0IBACHEM₦ 166.0IBETO₦ 166.0SAHARA₦ 168.0INT. OIL & GAS₦ 167.0BEST₦ 165.0ETERNA₦ 165.0FOLAWIYOOBATRAHAMANIYYAINDEX₦ 167.0NIPCO₦...
NNPC allays fuel scarcity fears, says it has 2.9bn litres of petrol in stock
Barely 24 hours after the members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) declared a nationwide strike, the Nigerian National Petroleum Corporation (NNPC) yesterday dismissed mounting insinuation of possible scarcity of petroleum products as a result of the strike.
Group general manager, Group Public Affairs Division of the Corporation, Dr Kennie Obateru, quoted Mallam Mele Kyari as saying, in a release, that the industrial action embarked upon by PENGASSAN would not lead to scarcity of petroleum products as all fuel stations and petrol depots in the country have enough stock of products to service consumers and are open for business.
While expressing hope that the industrial dispute would be settled amicably, Kyari assured that the Corporation has thus far emplaced a stock of over 2.9 billion litres of petrol to guarantee seamless movement of people, goods and services across the country in the forthcoming Christmas season and beyond.
The NNPC GMD reiterated that the Corporation is determined to make the 2020 end-of-year festivities a zero fuel queue period just like the preceding year, noting that critical stockholders in the petroleum products supply and distribution chain such as tanker drivers, depot owners and road transport owners have been mobilized to ensure hitch-free season.
Source: Leadership
11-11-2020
AGO PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 167.0SHORELINK₦ 167.0STOCKGAPNIPCO₦ 170.0SAHARA/BULK STRATEGIC₦ 169.0SIGMUND₦ 170.0EVA₦ 167.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELDALKANESYSG (YOUNG SHALL GROW)₦ 170.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 170.0NEPAL OIL₦ 168.0PRUDENT OGHARA₦ 170.0MATRIX₦ 162.0KEONAMEXTAURUS₦ 165.0OTHNIEL BROOKS₦ 165.0OPTIMA₦ 165.0PINNACLEFRADRO₦ 165.0AYM SHAFA LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 168.0IBACHEM₦ 168.0IBETO₦ 168.0SAHARA₦ 168.0INT. OIL & GAS₦ 167.0BEST₦ 165.0ETERNA₦ 165.0FOLAWIYOOBATRAHAMANIYYAINDEX₦ 167.0NIPCO₦...
10-11-2020
AGO [/vc_column_text][/vc_column][/vc_row]PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 165.0SHORELINK₦ 165.0STOCKGAPNIPCO₦ 163.5SAHARA/BULK STRATEGIC₦ 164.0SIGMUND₦ 167.0AVIDOR₦ 167.0EVA₦ 165.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELD₦ 170.0ALKANESYSG (YOUNG SHALL GROW)₦ 170.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 162.0NEPAL OIL₦ 162.0PRUDENT OGHARA₦ 163.0MATRIX₦ 160.0CYBERNETICSTAURUS₦ 163.0OTHNIEL BROOKS₦ 160.0OPTIMA₦ 160.0PINNACLEFRADRO₦ 160.0AYM SHAFA₦ 158.5 LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 160.0IBACHEM₦ 160.0IBETO₦ 160.0SAHARA₦ 160.0INT. OIL & GAS₦...
Petrol scarcity looms as oil workers begin strike
Scarcity of Premium Motor Spirit (PMS), aka petrol may hit Nigeria soon.
On Monday, oil workers commenced a nationwide strike.
The order was given by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN.
The letter to the effect dated November 8, 2020 was signed by the General Secretary, Lumumba Okugbawa.
The memo copied all zones and states in the country.
The industrial action followed the disagreement between the oil workers and the government over the Integrated Payroll and Personnel Information System (IPPIS).
Source: Daily Post
09-11-2020
AGO [/vc_column_text][/vc_column][/vc_row]PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 165.0SHORELINK₦ 165.0STOCKGAPNIPCO₦ 163.5SAHARA/BULK STRATEGIC₦ 164.0SIGMUND₦ 167.0AVIDOR₦ 167.0EVA₦ 165.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELD₦ 164.0ALKANESYSG (YOUNG SHALL GROW)₦ 170.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 158.5NEPAL OIL₦ 162.0PRUDENT OGHARA₦ 158.5MATRIX₦ 159.0CYBERNETICSTAURUS₦ 158.0OTHNIEL BROOKS₦ 160.0OPTIMA₦ 160.0PINNACLEFRADRO₦ 160.0AYM SHAFA₦ 159.0 LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 153.0IBACHEM₦ 155.0IBETO₦ 155.0SAHARA₦ 153.2INT. OIL & GAS₦...
06-11-2020
AGO [/vc_column_text][/vc_column][/vc_row]PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 165.0SHORELINK₦ 165.0STOCKGAPNIPCO₦ 165.0SAHARA/BULK STRATEGIC₦ 164.0SIGMUND₦ 167.0AVIDOR₦ 167.0EVA₦ 164.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELD₦ 164.0ALKANESYSG (YOUNG SHALL GROW)₦ 170.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 158.5NEPAL OIL₦ 162.0PRUDENT OGHARA₦ 158.5MATRIX₦ 159.0CYBERNETICSTAURUS₦ 158.0OTHNIEL BROOKS₦ 160.0OPTIMA₦ 160.0PINNACLEFRADRO₦ 160.0AYM SHAFA₦ 159.0 LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 153.0IBACHEM₦ 153.0IBETO₦ 153.0SAHARA₦ 153.2INT. OIL & GAS₦...
05-11-2020
AGO [/vc_column_text][/vc_column][/vc_row]PORT HARCOURT DEPOTDEPOT PRICELIQUID BULK₦ 165.0SHORELINK₦ 165.0STOCKGAPNIPCO₦ 165.0SAHARA/BULK STRATEGIC₦ 165.0SIGMUND₦ 167.0AVIDOR₦ 167.0EVA₦ 164.0 CALABAR DEPOTDEPOT PRICENORTHWESTAMMASCOMAINLANDSAMON PETFYNEFIELD₦ 164.0ALKANESYSG (YOUNG SHALL GROW)₦ 167.0BLOKKS FRADOHYDEAZMAN/NIPCO₦ 167.0UGO HANNAH WARRI DEPOTDEPOT PRICERAINOIL OGHARA₦ 159.0NEPAL OIL₦ 162.0PRUDENT OGHARAMATRIX₦ 159.0CYBERNETICSTAURUS₦ 159.0OTHNIEL BROOKS₦ 160.0OPTIMA₦ 160.0PINNACLEFRADRO₦ 160.0AYM SHAFA₦ 159.0 LAGOS DEPOTDEPOT PRICEAFRICA TERMINALS₦ 153.5IBACHEM₦ 153.5IBETO₦ 153.5SAHARA₦ 153.0INT. OIL & GAS₦ 153.5BEST₦...