NNPC Begins Crude Oil Exploration In 11 LGAs In Niger, Kwara & Kogi

The Nigeria National Petroleum Corporation (NNPC) on Wednesday

Northern Governors Forum Devastated Over Former NNPC Chief Death

The Northern Governors’ Forum said it is shocked and devastated over the death of former Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru.

Nigerians Condemn Appointment of "Only Northerners" To NNPC

The Nigerian National Petroleum Corporation (NNPC) says its appointments always adhere to the principle of transparency and accountability.

PPPRA Clears Marketers To Import Petrol Today

Private oil marketers have now joined the

CBN & NNPC To Fund Returnees Feeding & Accommodation Fees

The Federal Government has said the

NNPC Sack 200 Support Staff Amidst Covid-19 Pandemic

The Kaduna Refining and Petrochemical Company Limited, a subsidiary of the Nigerian National Petroleum Corporation had on the 31st March, 2020 sacked about 200 support staff without proper consultations.

Just as at the time the support staff were expecting their jobs to be regularised having served the Corporation for several years ranging from 10 to 15 years in the Production and Maintenance Departments of the Refinery with meager salaries, without hazard and medical allowances and made to work under severe and inhumane conditions over the years.

The disengagement came after they were deprived of participating in the just concluded recruitment exercise by the Cooperation such that the criteria were not favorable to most of them and in other to pave way for the newly recruits and the exit door was shown to the vast experienced staff.

Precisely on the 4th and 5th of November 2019, an oral interview and verification exercise was conducted which rekindled the hope of these hard-working staffs that better days are ahead, only to be shocked by the directive from their management that their contract should be terminated with an outrageous and deprived severance package.

The entire support staff of KRPC  is calling on the leadership of the Nigerian Labour Congress (NLC) and the NUPENG to come to their aid at this time when the whole world is ravaged with the COVID-19 pandemic, to ensure that their source of livelihood is protected by the virtue of being financial members of the NUPENG and in the spirit of INJURY TO ONE IS INJURY TO ALL.

We are also calling on the President of the Faderal Republic of Nigeria, President Muhammadu Buhari (GCFR) and the Honorable  Minister of State for Petroleum Resources, Timipre Silva to use their respected offices to prevail over the action of the management of the NNPC. Also, going by the directive of Mr president that no worker should lose their job at this time of this coronavirus pandemic.

Update: NNPC Approves New Petrol Depot Price

The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price of petrol from N113.28 per litre to N108 per litre.

The ex-depot price is the price at which the product is sold to marketers at the depots.

It said the price reduction took effect across all its products loading facilities as well as in its throughput operations.

The corporation’s Group General Manager, Group Public Affairs Division, Kennie Obateru, quoted the Managing Director of the Petroleum Products Marketing Company, Musa Lawan, as saying that the new ex-depot price of Premium Motor Spirit (petrol) was a reflection of the company’s market strategy.

Lawan said the strategy was to make more sales while complying with the Petroleum Products Pricing Regulatory Agency’s price template.

He explained that the new price regime would enable the PPMC to boost its sales volumes from the billions of litres of petrol it had in storage while providing affordable price to millions of customers.

Lawan said the new price was arrived at after extensive review of market realities by the PPMC internal price review unit.

The corporation, however, did not state whether the new downward review of its ex-depot price would translate to a reduction in the pump price of PMS.

The PPMC boss further pointed out that Automotive Gas Oil, also known as diesel, being already deregulated, had its prices determined by market forces.

On March 18, 2020, the NNPC reviewed its PMS ex-coastal, ex-depot and NNPC retail pump prices.

Thus, effective March 19, 2020, the NNPC ex-coastal price for PMS was reviewed downwards from N117.6/litre to N99.44/litre. Its ex-depot price was also reduced from N133.28/litre to N113.28/litre.