The Federal Government, on Thursday, commenced the deployment of security agencies to filling stations across the country to enforce the use of Point of Sale machines and the acceptance of bank transfers at the various outlets. It said the move became vital following reports that some filling stations were rejecting POS machines and bank transfers from customers despite the severe cash crunch currently nationwide. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement issued in Abuja by the agency’s General Manager, Corporate Communications…
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NMDPRA Unveils Regulations On Petroleum Measurement, Industry Safety
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Wednesday, began stakeholders consultation on draft regulations on the measurement of petroleum products and safety in the industry with a call on stakeholders to make major contributions to the rule. The Petroleum Measurement Regulations seek to regulate and ensure accurate measurement and allocation of petroleum, petroleum liquids, natural gas and their derivates. The regulations will determine the basis for calculating revenue accruing to the government, licenses, contractors and other parties and also provide sanctions and penalties for failure to comply with…
Read MoreNMDPRA Contradicts NNPC On Daily Petrol Supply Figures
How many litre of petrol is supplied daily in Nigeria? NNPC: 60m litres, NMDPRA: 62.95m litres, Customs quoting NNPC: 98m litres The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the average daily truck out for 2022 is 62.95 million litres per day. Adebayo Adeniyi, head of finance and account, NMDPRA, disclosed this on Monday while appearing before the house of representatives committee on finance considering the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). Last week, the Nigerian National Petroleum Company Limited (NNPC) said citizens consume about…
Read MorePetrol Sells for N250 per litre As Scarcity bites Harder
. Succor Underway as 300 million litre petrol-laden Vessels commence product’s discharging in Lagos . Black marketers record business booms while filling stations ‘run out of fuel” Two vessels laden with 300 million litres of Premium Motor Spirit (PMS), known as petrol, which arrived at Lagos ports, have started to discharge the product, Platforms Africa reports, just as hardship caused by off-spec product supply bite harder. The vessels, Platforms Africa gathered, arrived on Tuesday at ASPM jetty Ijora and Wednesday at Pinnacle jetty, Apapa, area of Lagos, Nigeria’s commercial capital.…
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