Downstream

Nigeria’s First Lady, Remi Tinubu on Tuesday, appealed to Nigerians to be patient over the current hardship following the removal of subsidy from Premium Motor Spirit (PMS), better known as fuel or petrol, saying there is always light…
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The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has said that the foreign exchange volatility in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil (AGO), popularly called…
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The Jigawa State Task Force on Petroleum products has shut down five filling stations for tampering with their metres and engaging in some activities to shortchange customers. The Taskforce Chairman, Colonel Muhammad Alhassan (Rtd)…
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*The government's deregulation program has more than doubled the cost of petrol Petrol prices will continue to rise in Nigeria as long as the government presses ahead with its agenda of deregulation, economic analyst and businessman…
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Oil marketers have said that the federal government’s assurance that the pump price of petrol will not rise beyond N617 per litre implies the funding of subsidy payments. On Tuesday, the presidency was said to be considering a…
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Nigerian port jetties took delivery of N823 billion ($1billion) Premium Motor Spirit (PMS) from United Kingdom and Norway between May and June 2023. Within the period, United Kingdom exported $944 billion, while Norway exported $61.12…
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Nagendra Verma, the Managing Director of Nipco Gas Limited has said that fuel costs N620 per litre in Abuja, while Compressed Natural Gas (CNG) for cars costs N213 per scm (standard cubic meter). He said this during a recent…
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…pump price tops N870 on VAT, weaker Naira Nigerian businesses relying heavily on diesel for their operations are facing higher costs of fuelling their generators as a new tax kicks in amid naira depreciation. The federal…
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...Reveals FG's plan to ease transportation The National Chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has said that President Bola Tinubu had the best intentions for Nigerians in the decision to remove fuel…
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Oil marketers lament FOREX crisis, seek rate uniformity -Asks FG to prioritize modular refineries The implementation of 7.5 per cent Value Added Tax on Automotive Gas Oil(AGO), also known as diesel, has driven the product price…
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