Downstream

Downstream oil and gas operator, Eterna Plc has lamented the effect of the intractable scarcity of foreign exchange (FX) and the inadequate number of delivery ships technically known as 'Mother vessels', bringing imported petroleum…
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The Federal Capital Territory's residents may soon face another round of gasoline shortages, as it has been reliably learnt that tanker drivers have chosen not to deliver goods there because of the FCT's poor road system and high…
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The Federal Government has denied increasing price of petrol above the approved N165 per litre. Marketers have argued that the N165/litre approved price was not sustainable and was contributory to the scarcity of petrol in many…
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Nigeria’s energy crisis has continued to worsen with prices of household kerosene and diesel spiking by as high as 105.70 percent and 202.67 per cent respectively between June 2021 and June 2022. The situation has put more…
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• Treat those smuggling petroleum products as common criminals ― IPMAN Chieftain The House of Representatives, on Wednesday, summoned the Minister of Petroleum Resources, Timiprye Sylva; Chairman of Federal Inland Revenue Service…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied involvement in the diversion of Petroleum Products by any of its members. Mr. Chinedu Okoronkwo, President of IPMAN, made the remark on Wednesday in Abuja…
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…NNPC sells at N174/litre Following the adjustment in the pump price of petrol, it has emerged that consumers in the North East (N189/litre) and South East (N184/litre) would pay higher price for the product. A price adjustment…
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The Federal Government has said Nigerians, especially residents of the Federal Capital Territory (FCT) and some other cities, may continue to witness fuel queues until there was complete deregulation of petrol. Minister of State for…
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Some filling stations in Lagos, Abuja, Niger and other states dispensed Premium Motor Spirit at between N200/litre to N250/litre on Sunday, higher than the government-approved retail price of N165/litre, as queues for the product…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday, absolved the Federal Government of any blame for the fuel queues in the nation’s capital, saying that marketers are responsible. Sylva, who addressed…
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