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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Petrol is now N179 per litre . Marketers must comply, says NNPC



By Akinola Ajibade




The Nigerian National Petroleum Company Limited (NNPC) yesterday, upwardly review the price of Premium Motor Spirit (PMS), also known as petrol from N165 per litre to N179 per litre, marketers have said.

The adjustment of pump price also comes with that of the ex-depot price, the National Oil Company ( NOC) informed  marketers via a statement released yesterday.

NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to the new price effective today. 

Hitherto, marketers have been selling fuel above N165 per litre, a reason widely attributed to the scarcity of the product and difficulties in getting it to the consumers.

Like a prayer answered, marketers waste no time in adjusting the pump price of petrol to N179 per litre from N165 per litre. The move, no doubt, is in compliance with NNPC directive on the fuel price adjustment.

In its directive to oil marketers, yesterday, the company had put the new pump price and ex-depot price at N179 per litre and N167 per litre respectively, from Tuesday, July 19, 2022.

Oil marketers have already adjusted their pumps to reflect the directive in Lagos, Abuja and other parts of the nation.

Meanwhile, some Nigerians have reacted that barely hours after the announcement, the adjustment has been made with some fuel stations selling within N200 to N250 but if the price had been downward, they would have dillydallied giving flimsy excuses of not disposing old stock. But on the contrary, they quickly adjusted to the new price.

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