Tag: MRS

‘We Don’t Want Peace,’ Nigerians Want NNPC, Dangote Price War To Continue

Ganiyu Amodu

. How the ‘beneficial price war’ crashed petrol price to N860 per litre   The prevailing competition in fuel refining appears to be bringing succour to petroleum products consumers across the country, as the major refining firms Dangote Petroleum Refinery & Petrochemicals and the Nigerian National Petroleum Company Limited (NNPC), engage in price slash game in a bid to dominate the market. The marketing strategy, popularly referred to as “price war” by stakeholders, is forcing the prices of Premium Motor Spirit (PMS) down at the filling stations. Already, some marketer…

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NNPC Reduces Petrol Price To ₦‎860/Litre

Ganiyu Amodu

The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This development is the latest in a price war among oil marketers and independent petroleum dealers. It is also influenced by fluctuations in global crude oil prices. The new NNPCL price, which takes effect on Monday, marks a significant drop from the previous average of N920 per litre. Former UNILAG Chief Imam Prof. Murtala Bidmos Is Dead DevReporting Takes Off, Names Mojeed…

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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 Oando, MRS, Duke, Emadeb Imported adulterated Fuel From Belgium – NNPC

Efe Wellington

NNPC releases more damning data on the names of the vessels and load ports in Antwerp-Belgium from where the four oil trading firms shipped in contaminated fuel into the Nigerian Market. You lied, Oando, MRS fight back   The Nigerian National Petroleum Company (NNPC) Limited has given details of how four oil trading firms allegedly imported adulterated Premium Motor Spirit (PMS) also known as petrol from Belgium. Platforms Africa reports that the the affected suppliers accused of importation of the off-spec product under the Direct-Sale-Direct-Purchase (DSDP) are MRS, Oando, Duke…

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