• Contact Us
  • About Us
Monday, December 22, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

FG to slash sulphur in fuels a year after UN deadline

metro by metro
March 13, 2018
in Economy
0
0
SHARES
0
VIEWS

Crude oilFG will begin cutting the sulphur levels allowed in imported fuels in July, a change long sought by health and environmental campaigners, a year after an initial deadline, an official at state oil company NNPC said.

West African nations had promised higher quality by July 2017 as part of a United Nations Environmental Programme (UNEP)campaign, but only Ghana met the deadline.

Read Also

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan

Banks To File Reports On Accounts With N25m Quarterly Turnover Under New Tax Law

FG Approves 2026 Fiscal Plan, Targeting 2.06m bpd, $64 Crude Oil Benchmark, N1,512/$1 Exchange Rate

Nigeria will lower the top level of sulphur in diesel to 50 ppm, from 3,000 ppm, by July 1, Anibor O. Kragha, NNPC’s chief operating officer of refineries and petrochemicals said in a presentation to the African Refiners Association (ARA).

Gasoline sulphur level cuts, a cost that will be borne largely by the government due to capped prices for the fuel, will start in October, moving to 300 ppm from 1,000 ppm.

Nigeria is targeting a cut to 150 ppm by October 1, 2019, Kragha said.

UNEP, the ARA and health campaigners have been pushing West African nations to ban fuels that have been illegal in Europe and the United States for years due to what they say are significant health problems associated with sulphur emissions – particularly in dense urban areas such as Lagos.

Kragha, in a presentation during ARA Week in Cape Town, said that while Nigeria is committed to cleaner fuel standards,“significant costs” has complicated efforts to meet the deadline.

The presentation said that the first shift to cleaner gasoline would cost $11.7 million per month, and the diesel reduction $2.8 million per month.

Because gasoline prices are capped in Nigeria, and NNPC itself has been importing the bulk of it over the past year via crude for product swaps, the government is likely to bear much of the initial costs for a cleaner specification.

Diesel prices are deregulated, meaning consumers will pay directly for the better-quality fuels. Nigeria’s own oil refineries will have until 2021 to meet the new sulphur levels, Kragha said.

Tags: FG to slash sulphur in fuels
Previous Post

Lawmakers got angry when I challenged them on jumbo pay – Oby Ezekwesili

Next Post

NNPC in talks with two consortiums to revamp its dilapidated refineries

Related Posts

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan
Economy

FG Projects 2026 Deficit Of 4.28% Of GDP As Tinubu Proposes Spending Plan

December 19, 2025
Households Earning Less Than N250,000 Or Less Monthly Won’t Pay Tax-Oyedele
Economy

Banks To File Reports On Accounts With N25m Quarterly Turnover Under New Tax Law

December 13, 2025
Nigeria’s Banking Recapitalization: A ‘Too Big To Fail’ Scenario In The Making?”
Economy

FG Approves 2026 Fiscal Plan, Targeting 2.06m bpd, $64 Crude Oil Benchmark, N1,512/$1 Exchange Rate

December 3, 2025
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Worries As Nigeria’s Public Debt Keeps Rising, N152.39 trn  In Q2 2025

December 2, 2025
Next Post
NNPC

NNPC in talks with two consortiums to revamp its dilapidated refineries

Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 

US Suspends Green Card, Citizenship Applications For Nigerians Under Expanded Travel Restriction Policy

December 21, 2025
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”

Amid Brewing Backlash, Trump Set To Expand Immigration Crackdown In 2026

December 21, 2025
Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

Heirs Energies Agrees $750m Afreximbank Financing For Long-Term Growth

December 21, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version