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It's A Bad Wheel Bearing! Or Is It?
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Mar 06, 2023Autogas stalls as NNPC, marketers bicker over N500b debt, pro rated fuel cost
Nov 06, 2023• IPMAN holds emergency meeting over 202.5m litres of product• At N467.39/litre, marketers now pay N21m per tanker • FG fails to convert two million cars as CBN's N250b loan remains elusive • Only promises, we didn't receive any fund for autogas, say marketers • Poor implementation of subsidy will stall investment, affect FDIs – Olawuyi • Darkness looms as electricity workers may shutdown national grid Despite the deregulation of the downstream sector and increase in the pump price of Premium Motor Spirit (PMS), an impending showdown, which may obstruct supply of petrol is brewing between the Nigerian National Petroleum Company Limited (NNPCL) and marketers over undelivered 202.5 million litres of product in the last eight months.
• IPMAN holds emergency meeting over 202.5m litres of product• At N467.39/litre, marketers now pay N21m per tanker • FG fails to convert two million cars as CBN's N250b loan remains elusive • Only promises, we didn't receive any fund for autogas, say marketers • Poor implementation of subsidy will stall investment, affect FDIs – Olawuyi • Darkness looms as electricity workers may shutdown national grid