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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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Scarcity: Fuel sells for N200 per litre in Oyo, Ogun


By Akinola Ajibade


Marketers within Oyo and Ogun states respectively, yesterday, sold petroleum products at  between N195 to N200 per litre, as the scarcity bites harder. 

The News Mirror gathered that long queues of motorists resurfaced in major parts of the cities in the two states, a development, which informed the decision of the Independent Petroleum Marketers Association of Nigeria (IPMAN), which struggled have fuel to raise the pump price to almost N200 per litre.

Its Chairman, Ibadan Depot, Mr. Mutiu Bukola, said that marketers are selling fuel at the rate of N200 per litre, because N185 per litre, which they hitherto sold the product was no longer sustainable due to rise in the landing cost of fuel. 

Currently,there are long queues of commercial buses, cars and private vehicles at the majority of the petroleum stations in Ibadan, the Oyo state capital.

Bukola said that his members would increase the pump price.

He said:”We can not buy petroleum in Lagos again. Whatever we see, they are selling for us at the rate of N178 without transport. The landing cost is now N195. If we buy at the rate of N178, it will take a minimum of N12 to get to Ibadan. If you add N178 to N12 you will know how much it will cost.

“We are struggling to ensure that queues are no more in the petroleum stations. But, we will be selling at the rate of N195 to N200 to avoid long queues in Oyo and Osun states”.

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