FAAC says Nigeria made N605.958 billion as distributable income in May, which was shared among federal, state, and local governments as well as other relevant agencies.
“Customers who bought kerosene from the outlet have been warned against using it.”
“Award of 57 marginal oilfields to indigenous companies is one of the strategies to increase participation in the country’s oil and gas industry.”
Senate has urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of Liquefied Petroleum Gas (LPG).
Department of Petroleum Resources (DPR) says it has handed over marginal fields to 80 oil firms after successful bidding.
DPR says it expects the first crude oil production from some of the recently awarded 57 marginal oilfields in January 2022.
Marketers in Awka on March 12, jerked up price from N175 to N212 following rumoured increase in price by Petroleum Products Pricing and Regulation Agency (PPRA).
“Refinery has not operated optimally due to alleged top management decisions of the Nigerian National Petroleum Corporation to ground the plant.”
Five of the affected stations were sealed off for selling petrol above the official pump price.
The DPR official appealed to the public to avoid panic buying.
