shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NOGASA Decries Incessant Diesel Price Increase in Market

NOGASA Decries Incessant Diesel Price Increase in Market

by Joshua
September 25, 2023
in Oil and Gas

The Natural Oil and Gas Suppliers’ Association of Nigeria (NOGASA), has raised alarm over the incessant increase in the price of Automotive Gas Oil (AGO), called diesel, in the market.

The National President of NOGASA, Mr Benneth Korie, in a statement said that the rapid increase in diesel price has made it difficult for suppliers to access product and loans from commercial banks for doing their businesses.

Korie said the association was worried about the ugly development and had been trying to understand why the price of diesel has continued to go up as high as N950 to N1,100 per litre.

“This rise in prices is also evidently causing veritable hardships to haulage transportation and commuters alike.”

Korie therefore called on the government to intervene before it would affect the sector and derail the anticipated growth it is working towards achieving.

According to him, “This will be counter productive to the aspirations of our overall national political economy.”

The President said that the meeting of the association, scheduled to hold in October, would take adequate steps towards finding lasting solutions to the problem.

“However, the price of crude oil as of today is US$ 95 per barrel and the dollar exchange is racing towards N1, 000 per dollar.

“Consequently, the Nigeria refineries should be given emergency attention by government to forestall the nose diving of the economy.

“NOGASA has been playing a pivotal role in the oil and gas industry and will continue to ensure the availability of adequate supplies of products to Nigerians.

“We will continue to deliver on our mandate as we make progress in the oil and gas industry,” he said.

He advised that suppliers should go about their respective businesses until proper resolution of the problem is taken at the meeting.

He said NOGASA, as a premiere organisation of legitimate, organised and proficient suppliers, dealers, stakeholders and practitioners in the nation’s oil and gas sector distribution chain, would continue to provide quality services for all.


Related Posts

Nigeria’s Daily Crude Oil Production Drops To 937,766 bpd In September

Nigeria’s Crude Oil Export Revenue Drops by 17% to $6.68 Billion in First Two Months of 2025

June 1, 2025
President Tinubu Signs 6 IMO Instruments Of Accession

FG Rallies Stakeholders to Accelerate Nigeria’s Gas Revolution, Signs Agreement with Ten Equity Partners

June 1, 2025
The Return of Standards Organisation of Nigeria to the ports

SON Raises Concern Over Influx Of Adulterated Lubricants, Engine Oil

June 1, 2025
Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

Tensions Rise as Bayelsa Host Communities Threaten Shutdown Over Security Contracts

June 1, 2025

Latest News

NPA Bags NASS PAC Transparency Award

NPA Bags NASS PAC Transparency Award

July 12, 2025

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

CRFFN Showcases Reform Milestones, Dismisses Court Ruling Misinterpretation

NCMDLCA Faction Distances Self from Amiwero’s Court Action, Backs CRFFN on POF Collection

Customs Intercepts ₦9.2bn Worth of Fake Bedroom Booster, Others

Customs, NAFDAC Inaugurate Implementation Committee for 2024 MoU

Nigeria Customs Intercepts Container with Over 10,000 Donkey Genitals

Senate Hails Adeniyi’s Election as WCO Council Chair, Says It’s  a Major Win for Nigeria’s Global Trade Leadership

Oyetola Launches Door-to-Door’ Diplomacy for Nigeria’s IMO Council Bid

FG Urged To Link Warri-Itakpe Rail To Inland Ports, Road Networks

Red Sea Operation Rescues 4 More From Cargo Ship Sunk By Houthis

Shippers’ Council Set to Establish Border Information Centre at Idiroko, Bolster Trade Efficiency

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition