MOMAN, on Thursday said marketers lost over N10 billion due to reduction of petrol pump price from N145 per litre to N121 by government.
The Major Oil Marketers Association of Nigeria , on Thursday said marketers lost over N10 billion due to reduction of petrol pump price from N145 per litre to N121 by government.
He said the sector thrived on movement of persons and goods which were severely curtailed due to the lockdown measures put in place by the Federal and State Governments to contain the spread of coronavirus. “We need our refineries to be put in place and Dangote Refinery is coming up but we need more refineries so that we can reduce the pressure on our foreign exchange reserve.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices fall on Thursday over doubts on output cuts“The market has taken a look at that and said it’s getting more complicated to get that deal over the line,’’ said Lachlan Shaw, head of commodity research at National Australia Bank.
Read more »
Ministry needs N10bn to renovate sporting facilities – Dare|p style=
Read more »
Court halts FG’s plans to auction oil fieldsCourt halts FG’S plans to auction oil fields
Read more »
Oil soars to $40 as Nigeria cuts production to 1.613m b/dOil prices rose sharply yesterday, as Brent per barrel settled above $40 due to reported small crude oil inventory draw of 483,000 barrels for the week ending May 29.
Read more »
Court stops FG from auctioning 8 Marginal Oil FieldsThe Federal High Court sitting in Lagos has restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields...
Read more »
Brent oil rises to $40 amid hopes for recovery – Daily TrustOil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production...
Read more »