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Campus Drive
The Crude Oil Refiners Association of Nigeria (CORAN) on Friday has criticized plans by petroleum marketers to import Premium Motor Spirit (PMS), despite the availability of petrol from the Dangote Refinery. CORAN’s Publicity Secretary, Eche Idoko, warned against importing substandard petrol often blended in Malta and Togo.
This follows reports that 141 million liters of PMS are being shipped to Nigeria amid the Federal Government’s deregulation of the oil sector.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPCL) has announced new petrol prices, ranging from N950 to N1,019 per liter, after lifting petrol from the Dangote Refinery.
Idoko assured Nigerians that Dangote’s regime would provide better quality petrol, dismissing monopoly concerns due to regulatory oversight. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has also promised strict testing for any imported petrol.
In May, Aliko Dangote vowed that his refinery would end fuel importation in Nigeria.
The UK's state debt has now reached levels equivalent to the country’s annual economic output, according to new data released on Friday. The Office for National Statistics (ONS) reported that public sector net debt was estimated at 100 percent of Gross Domestic Product (GDP) by the end of August, a figure last seen in the early 1960s. Prime Minister Keir Starmer, whose Labour government took office in July, has warned […]
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