BREAKING: Bridging Payment To Fuel Marketers Hits N74bn in 7 Months

Here, according NMDPA, is the breakdown of how much MOMAN members, IPMAN members, NNPC Rwtails and DAPPMAN members collected.   Payment of bridging claims to fuel marketers in Nigeria has hit N74 billion in just seven months Platforms Africa reports that the Nigeeia Midstream and Downstream Petroleum Regulatory Authority (NMDPA), which declared this in a statement maintained that so far, the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June, 2022. READ ALSO: BREAKING: Buhari Hikes Fuel Freight Rate, Worsens Subsidy Burden…

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Petrol to Hit N190/L As Depot Owners Hike Price by N20/L

We are not aware, report them first, Industry Regulator, NMDPRA, says as IPMAN Speaks Out on alleged profiteering, sabotage by private depot owners   The cost of Premium Motor Spirit, popularly called petrol, may hit N190/litre in most filling stations in coming weeks if nothing is done about a recent hike in its ex-depot price by private depot owners. A report by Punch showed that most private depot owners recently raised the cost of petrol by N20 per litre from the approved N142-N145/litre price to between N162-N170/litre. This, oil marketers…

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