
Nigerian National Petroleum Corporation (NNPC)







An expert has said that Nigerians may have to pay more than N1,000 for petrol if the ongoing price competition between Dangote Refinery NNPCL comes to an end.

The owners of Ascon Oil Company Limited have revealed that the company still belongs to them until the share purchase rights entered with Quest Oil are paid.

As gas supply to NLNG reduces, the company has cut back on production. Experts say the resulting scarcity of the product could trigger price increase.

The Dangote Petroleum Refinery and the Nigerian National Petroleum Corporation Limited (NNPC) have adjusted fuel prices as competition intensifies.

The decline in Nigeria's Bonny Light Crude to $73,53 per barrel has been predicted to impact negatively on the country's economy, affecting the naira and the budget.

The petroleum marketers noted that they have huge quantities of unsold petroleum products that they may be unable to sell as the price war intensifies

Dangote Petroleum Refinery has a new partner joining MRS Nigeria, Ardova PLC, and Hyden in selling its petrol at an affordable price as NNPC takes action.

Nigeria is currently facing the challenges of low funding to develop its local gas projects according to the NNPCL executive vice president upstream.

The Nigerian National Petroleum Company Limited (NNPCL) is expecting payment of over N7 trillion from the federal government of nIgeria for petrol subsidy.
Nigerian National Petroleum Corporation (NNPC)
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