Downstream

…As marketers, NNPC outlets defy FG’s order Less than one week to a major Muslim festival, motorists and business owners in Lagos State and Abuja are counting their losses in man-hour and extra financial commitment due to gradual…
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Despite the fuel queues being experienced in some part of Lagos and it’s environs, the volume of petrol which the Nigerian National Petroleum Company Ltd has in stock is expected to hit 2.05 billion litres by Wednesday. Findings…
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By Saidu Abubakar His Excellency, President Muhammadu Buhari, GCFR, has consideredand approved the upward review in freight rate for transporters to alleviate the challenges associated with the distribution of Premium Motor Spirit…
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Petrol marketers have attributed the lingering petrol queues in Abuja and other northern state capitals to the high cost of freighting the product from coastal depots. The National President of Natural Oil and Gas Suppliers…
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*Nigerian Maritime Administration and Safety Agency (NIMASA)’s charges on petrol remains N0.22 per litre As fuel subsidy is increasing, 16 vessels will discharge 234,907 tonnes of premium motor spirit and automotive gas oil (AGO)…
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Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS between May 16 and June 5, 2022 in a bid…
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The Federal Government has increased the freight rates of petrol by N10 per litre. A circular on the increase, which took effect June 1 will be issued today by the government. President, Nigerian Association of Road Transport Owners…
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The National Bureau of Statistics has disclosed that Nigeria spent N1.51tn on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022. This was 25.54 per cent of the total imports for this quarter,…
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It’s been over a week that motorists particularly in Abuja were greeted with fuel queues as many petrol stations were dispensing below  capacity.  The NNPC had earlier in a press statement assured Nigerians of the availability of…
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The Federal Government yesterday disclosed that it has paid petroleum marketers over N58 billion as bridging cost in the past five months. A statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…
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