Downstream

The Nigerian National Petroleum Company Limited (NNPCL) says consumers will pay N410 per litre for premium motor spirit (PMS) without the Federal Government’s subsidy. This is according to a statement by the NNPCL Group General…
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Amidst lingering queues at petrol filling stations, the Central Bank of Nigeria (CBN) has said that the country spent a total of $8.71billion on the importation of petroleum products in the first six months of this year. The apex…
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The scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, is due to the inability of marketers and some depot owners to pay for the services of ‘daughter’ vessels required to evacuate imported fuel from the ‘mother’…
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Nigerians may celebrate the Christmas and New Year in acute fuel crisis as shipowners are threatening to stop rendering services to The Nigerian National Petroleum Company Limited over the non-payment of $90m owed for their chartered…
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NNPC GCEO, Mele Kyari At The PENGASSAN Energy and Labour Summit 2022 The fuel consumption figures in Nigeria will reduce by the time Nigerians start paying the market value of Premium Motor Spirit when fuel subsidy is removed, the Group…
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Residents of Zamfara State have lamented that the current fuel scarcity has crippled commercial activities as many business people, who depend on fuel for their legitimate endevours, could not afford the high cost of petroleum products…
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Long vehicular queues returns to Kano filling stations as some of the serving stations were seen closed by our correspondent this morning(Thursday) at both metropolitan and at the rural areas. Motorists and other vehicle owners were…
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The Independent Petroleum Marketers Association of Nigeria (PMAN), has called on Nigerians to exercise patience as effort is being made to address the current fuel scarcity occasioned by the flooding which led to the destruction of…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says 200 trucks have been dispatched with petroleum products to end the fuel scarcity being experienced in some parts of the country. In recent days, queues surfaced…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority hasprovided an advisory on the current queues at fuel stations in Abuja. The Authority said in a statement that the fuel queues are caused byunprecedented flooding…
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