Tag: 11 Plc

Why, How Petrol Price Hit N617 Per litre – Marketers

ADEOLA YUSUF

“(We) extend our deepest empathy to all citizens during this time.” – 11 Plc, TotalEnergies,  Conoil, ardova plc, MRS   The international price of crude oil and the exchange rate constitute the largest components of the cost build-up for Premium Motor Spirit (PMS) otherwise known as petrol accounting for over 80 percent. The Major Oil Matketers Association of Nigeria, which said this during a virtual press conference on Wednesday, added the remaining 20 percent includes statutory dues, distribution costs, and margins. Platforms Africa reports that the Nigerian National Petroleum Company…

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How 33,000 Litre-Petrol Tanker Exploded In Lagos Filling Station – Witness

Tade Salako

11 Plc probes cause of the incident as fire razed storey building, rendered many homeless There was pandemonium at Idi-Oro, in the Mushin area of Lagos State, Nigeria’s commercial capital, on Wednesday, when a tanker loaded with Premium Motor Spirit (petrol) exploded at a Mobil Filling Station in the community. The fire was said to have spread to an adjoining three-storey building, burning down the property. Eyewitnesses said the fire started around 1pm when the tanker, laden with 33,000 litres of petrol, was discharging its content at the filling station…

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