TotalEnergies Marketing Nigeria Plc, the local unit of France-based oil and gas giant TotalEnergies SE, reported net profit growth of above sevenfold for 2021 as the global oil industry recovers from a record oil crash the previous year, the company’s financials showed on Friday. The oil driller noted a 67 per cent revenue surge as
Ahead of the Federal Government’s concluded plans to remove subsidy on the price of Premium Motor Spirit (PMS) as part of the ongoing implementation of the Petroleum Industry Act (PIA), the price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos. Although diesel
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