• Petrol engines are producing high levels of killer emissions – research

    Petrol engines are producing high levels of killer emissions – research

    A year after Volkswagen cars were found to be emitting unusual high levels of harmful diesel emissions, new research has warned that a similar issue could hit petrol vehicles too.

    United Kingdom, U.K. based, Green campaign group, Transport and Environment, said small petrol engines are producing high levels of emission particles outside of lab conditions that could “kill hundreds of thousands of citizens prematurely.”

    But despite this, car manufacturers want to avoid fitting expensive gasoline particulate filters (GPFs) to exhausts of unleaded […]

  • Petrol engines are producing high levels of killer emissions – research

    Petrol engines are producing high levels of killer emissions – research

    A year after Volkswagen cars were found to be emitting unusual high levels of harmful diesel emissions, new research has warned that a similar issue could hit petrol vehicles too.

    United Kingdom, U.K. based, Green campaign group, Transport and Environment, said small petrol engines are producing high levels of emission particles outside of lab conditions that could “kill hundreds of thousands of citizens prematurely.”

    But despite this, car manufacturers want to avoid fitting expensive gasoline particulate filters (GPFs) to exhausts of unleaded […]

  • No plans to increase petrol price to N150 – NNPC

    No plans to increase petrol price to N150 – NNPC

    Two weeks after it denied similar moves, the Nigerian National Petroleum Corporation (NNPC) yesterday, said there are no plans to increase the pump price of petrol from N145 to N150 because the corporation is not empowered statutorily to tinker with the pricing template of petroleum products.

    The NNPC added further that there was no time its management met the President to push for a hike in the pump price of petrol to N150 per litre. NNPC had, last week, increased its […]

  • Why we increased petrol pump price – NNPC explains

    Why we increased petrol pump price – NNPC explains

    According to reports, the Nigerian National Petroleum Corporation (NNPC) has provided a justification for its recent adjustment of petrol pump price at its retail outlets.

    The corporation also denied ever meeting with President Muhammadu Buhari to lobby for his approval of an increase in petrol pump prices.

    According to a statement from the corporation’s Group General Manager Public Affairs, Mallam Garba Deen Muhammad, on Monday in Abuja, the NNPC said there was no time its management met with Buhari to push for […]

  • NNPC wrong on petrol price hike, says Minister

    NNPC wrong on petrol price hike, says Minister

    According to reports, the Minister of State for Petroleum, Dr Emmanuel Ibe Kachikwu, says the recent N4 increase in price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations, is wrong.

    Kachikwu said this after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja on Sunday.

    NNPC had been selling fuel at N141 but on Thursday, Nov. 3 increased it by N4 to the government benchmark of N145.

    ”It is obviously humbling and too […]

  • Petrol price hike not on the cards, says Kachikwu

    Petrol price hike not on the cards, says Kachikwu

    According to reports, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has said the federal government is not about to increase the price of petrol in the country, at least not in the near future.

    Kachikwu, instead, said the government would review some of the elements in the pricing template of the Petroleum Products Pricing Regulatory Agency (PPPRA), which are still within its control with operators in the downstream sector to ensure that the price remains in line […]

  • Six killed in petrol tankers explosion

    Six killed in petrol tankers explosion

    Six people were killed when fuel laden tankers caused multiple accidents in Mokwa, the headquarters of Mokwa Local Government area of Niger State.

    According to the Director General, Niger State Emergency Management Agency, Malam Ahmed Inga, on Saturday, two petrol tankers were invoved in the accident which occurred on Friday due to a break failure.

    “It was said to have hit the one in front, which veered off the road and rammed into the wall of a guest house in the town,” […]

  • Nigeria saving $4.5m daily from petrol deregulation – FG

    Nigeria saving $4.5m daily from petrol deregulation – FG

    According to reports, the Federal Government, yesterday, said the country was saving $4.5 million daily, (about N1.395 billion) from the deregulation of petroleum products.

    This came as indications emerged yesterday that more tank farms were running out of petroleum products in Apapa area of Lagos as a result of the lingering problem of foreign exchange scarcity.

    Minister of State for Budget and National Planning, Mrs. Zainab Ahmed, disclosed news of the saving during the Second Presidential Economic Communications Workshop, organized by Office […]

  • No plan to increase petrol price – NNPC

    No plan to increase petrol price – NNPC

    It was gathered that the Nigerian National Petroleum Corporation on Tuesday announced that there was no plan to increase the pump price of Premium Motor Spirit, popularly known as petrol.

    It stated that it had a robust supply arrangement that can guarantee sustainable supply over a long period of time.

    In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Garba-Deen Muhammad, the corporation said, “Reference of unsustainability of N145 per litre of petrol only relates to […]

  • We can no longer sell petrol at N145 – NNPC

    We can no longer sell petrol at N145 – NNPC

    It was gathered that the Nigerian National Petroleum Corporation has said it can no longer sustain the sale of petrol at N145 per litre.

    The Group General Manager, Crude Oil Marketing of the NNPC, Mele Kyari, stated this on Monday at this year’s Oil Trading and Logistics Expo holding in Lagos.

    Kyari said with the current price of foreign exchange, it was no longer feasible selling petrol at N145 per litre.

    He said: “We have a very difficult business environment.

    “It is impossible today […]

  • Petrol pump price drops to N140 per litre despite forex increase

    Petrol pump price drops to N140 per litre despite forex increase

    It was gathered that the pump price of Premium Motor Spirit (PMS), also known as petrol, has dropped to about N140 per litre in some retail outlets in Lagos against the official price of N145, according to enquiry.

    Although the Federal Government has not officially reduced the pump price of PMS, many filling stations in Lagos have decided to reduce it probably to attract more customers.

    A survey of some filling stations in the Lagos metropolis showed that PMS now sells between […]