Downstream

By YANGE IKYAA More quantity of premium motor spirit (PMS), which is popularly called petrol in Nigeria, is expected to arrive the country within the next 11 days, the Nigerian Ports Authority (NPA) has said. This counters…
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Petroleum products marketers have approved the proposal by the Federal Government to increase the official pump price of petrol from N165 per litre to between N320 and N340 per litre in 2022, New Telegraph’s findings have shown. The…
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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has extended the 14-days ultimatum given to the federal government for an industrial action by another seven days. The General Secretary of the union, Afolabi Olawale…
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"Remove petrol subsidy because it is not in the interest of development of the downstream sector" The Independent Petroleum Marketers Association of Nigeria (IPMAN), said yesterday, that its support for the Federal Government over…
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The National Association of Nigerian Students (NANS) has joined the National Labour Congress in rejecting the alleged plans by the federal government to remove fuel subsidies in 2022. Malam Mele Kyari, the Group Managing…
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"If such proposal is to come to pass … how do we identify the 40 million Nigerians that are going to benefit from this process" Nigeria's 2022 budget does not have a provision for a 2.4 trillion naira ($6 billion) transport subsidy,…
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*The state minister says the increase in fuel prices is a global trend and government can do close to nothing to escape it The Minister of State for Energy, Sidronius Okaasai Opolot has said that the government can not do anything…
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The pump price of Premium Motor Spirit, popularly known as petrol, may rise from the current N162-N165/litre to N170/litre, while its depot price is projected to increase from N159/litre to N165/litre, oil marketers said on Thursday. …
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"Only a few major marketers and a number of independent marketers opened their filling stations to dispense the product" For more than a week now, Taraba has witnessed a long queue of cars waiting to get PMS in their tanks due to…
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"...Also, 49 trucks with 2,138,000 liters of petrol were dispatched to the immediate environs of Abuja" In a bid to ensure availability of Premium Motor Spirit popularly known as petrol, the Nigerian National Petroleum Corporation…
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