
Energy







Energy Expert and consultant Mr. Kelvin Emmanuel has queried the NNPCL to explain why it still imports hundreds of million litres of refined fuel into the country.

More marketers operating under the Nigerian National Petroleum Company Limited (NNPC) are dumping the franchise, preferring to load directly from Dangote Refinery.

Petrol marketers have made a strong accusation to the Nigerian oil-producing companies about the diversion of 500,000bpd of crude oil meant for local refining.

The Nigerian Electricity Regulatory Commission has plans to review electricity tariffs every five years based on its Multi-Year Tariff Order (MYTO).

The National Bureau of Statistics has revealed that kerosene has increased again adding more burdens to the cost of living for Nigerians, especially in rural areas.

The ex-depot price of gasoline or premium motor spirit, which was lowered by Dangote Refinery, has not yet been reflected in the pumps at most filling stations.

Following the reduction of ex-depot petrol prices announced by Dangote refinery and also private sectors, filling stations have started adjusting prices.

Nigerians can expect stable and lower fuel prices in the coming months as petrol marketers have entered a 180-day supply agreement with Dangote refinery.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned oil exploration and production companies of diverting crude oil meant for local markets.
Energy
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