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Olufemi Adewole

Oil marketers urge federal government to pay N650bn subsidy arrears

Oil marketers have appealed to the Federal Government to pay them over N650 billion subsidy arrears to reverse the gale of retrenchment sweeping across the sector and sustain their operations.

PIGB: Oil marketers advocate two oil industry regulators

Oil marketers and the Organised Private Sector (OPS) on Sunday, canvassed for two regulatory bodies to regulate the oil industry under the Petroleum Industry Governance Bill [PIGB] currently before the National Assembly.

Oil marketers sack workers over N650 billion federal government’s debt

Oil marketers have commenced a reduction of their workforce due to their inability to pay staff salaries, the News Agency of Nigeria (NAN) reports.

DAPPMA calls off 14-day ultimatum over N650 billion debt

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has called off its 14-day ultimatum earlier given to the Federal Government over N650 billion debt owed its members.

DAPPMA gives federal govt 14-day ultimatum over N650bn subsidy debt

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on Tuesday gave the the Federal Government a 14-day ultimatum to settle a N650 billion debt owed its members.

Fuel queues return to Lagos

The Nigerian National Petroleum Corporation (NNPC) said it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity.

Fuel scarcity: NNPC releases 250 trucks to Lagos – Ndu Ughamadu

The Nigerian National Petroleum Corporation (NNPC) on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity.

Petroleum marketers want full deregulation of downstream sub-sector

The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry.

PPPRA, DPR step up inspection of petrol stations

As part of measures to ensure fuel queues disappear, monitoring teams of the Petroleum Product Pricing Regulatory Agency (PPPRA) and the Department of Petroleum Resources (DPR), yesterday, visited some filling stations to ensure compliance with government’s directives on the sale of petrol.

Senate set for showdown over federal govt’s unapproved subsidy payment

The Senate is set for a showdown with the Federal Government over the alleged payment of N26 per litre to subsidise the pump price of Premium Motor Spirit, also known as petrol.

NNPC failed to supply us fuel despite paying N90 billion – marketers

The Depot and Petroleum Products Marketers Association (DAPPMA) on Thursday said that its members paid over N90 billion for over a month and were yet to get allocation for cargo of fuel from the Nigerian National Petroleum Corporation (NNPC)/Petroleum Product Marketing Company (PPMC).

NNPC owes Petrol marketers N800 billion

The Nigerian National Petroleum Corporation, NNPC, is owing the Depot and Petroleum Products Marketers Association (DAPPMA) N600billion.

Fuel scarcity may end in few days – oil marketers

The latest round of fuel scarcity might end in a few days’ time if the Nigerian National Petroleum Corporation sustained the current level of supply of Premium Motor Spirit, major oil marketers and depot owners said on Wednesday.

NNPC replies DAPPMA on cause of fuel crisis

The Nigerian National Petroleum Corporation, NNPC, and the Depot and Petroleum Products Marketers Association, DAPPMA, on Wednesday continued the blame game over the current fuel scarcity.

No petrol in our depots despite NNPC’s promises – oil marketers

As fuel queues grew shorter at some filling stations in Lagos on Tuesday, oil marketers under the aegis of the Depot and Petroleum Products Marketers Association said they did not have Premium Motor Spirit in their tanks.

We’re not hoarding fuel – marketers

The Depot and Petroleum Products Marketers Association (DAPPMA) says members’ depots are empty, maintaining that they are not hoarding fuel and are therefore not responsible for crippling crisis.

Our members’ depots are empty – DAPPMA

The Depot and Petroleum Products Marketers Association (DAPPMA) on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots.

We can no longer import, sell petrol at N145 per litre – IPMAN

Against the latest round of fuel scarcity rocking many parts of the country, private oil marketers are calling for government intervention to enable them to access foreign exchange at a special rate for the importation of Premium Motor Spirit (petrol).

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