Check Out Latest Petrol Price Hike News, Update On Fuel Scarcity For Oct. 22nd, 2024

Check Out Latest Petrol Price Hike News, Update On Fuel Scarcity For Oct. 22nd, 2024

As Nigerians continue to groan over the recent increase in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited, Naija News brings you the latest update on petrol scarcity, fuel price increase and Govt/citizens’ reactions.

Dangote Refinery Speaks On Filing Court Case Against NNPCL, Others

Dangote Refinery, on Monday night clarified reports on the case instituted against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies over importation of petroleum products.

The other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited.

Dangote Refinery, in a suit marked: FHC/ABJ/CS/1324/2024 and filed by Ogwu Onoja, SAN, before Justice Inyang Ekwo, had sued Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL as 1st and 2nd defendants.

Also listed as 3rd to 7th defendants respectively in the originating summons dated Sept. 6 are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited.

The company equally sought a N100 billion in damages against NMDPRA for allegedly continuing to issue import licences to NNPCL and the five companies for importing petroleum products.

Fuel Price Hike: Oil Dealers Import Petrol As Marketers Continue Talk With Dangote Refinery

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Between Friday, October 18, and Sunday, October 20, no fewer than four vessels carrying Premium Motor Spirit (PMS), commonly known as petrol, arrived at seaports in Nigeria.

These vessels delivered approximately 123.4 million litres of PMS, according to a document obtained from the Nigerian Ports Authority (NPA) on Sunday.

The vessels docked at the Apapa port in Lagos and the Calabar port in Cross River State. This marks a significant boost to the nation’s fuel supply, especially given ongoing concerns about meeting domestic demand.

This latest delivery corroborates an earlier report by The PUNCH, which revealed that oil marketers planned to import PMS to supplement supplies from the Dangote Petroleum Refinery.

Marketers had expressed concerns that the refinery, located in Lekki, was producing around 10 million litres of petrol daily, far short of the 25 million litres it had originally promised. This shortfall prompted the decision to import fuel, despite the opening of the $20bn refinery.

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