Downstream

The Department of Petroleum Resources (DPR) on Monday reopened eight petroleum products depots shut down by the Lagos State Physical Planning Permit Authority (LASPPPA) in Ijegun-Egba, Satellite Town area of the state. Mr…
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"the belief that the pump price of petrol might reduce in the country with local refining stands elusive" The Nigerian National Petroleum Corporation (NNPC) has spent about N364 billion transporting Premium Motor Spirit (popularly…
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The leadership of the National Union of Petroleum Tanker Drivers (NUPENG) have agreed to lift the sanction the imposed on the entire South East region, following its disagreement and disagreent over parking space at the Onitsha bridge…
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Despite having announced an end to petrol subsidy payment in March last year, data gathered from state oil company, NNPC, showed that subsidy payment by the Federal Government rose by a whopping N150 billion in seven months. …
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...Set to combat the menace Concerted effort is in top gear by the Nigerian National Petroleum Corporation (NNPC) in conjunction with some federal agencies to combat the menace of smuggling of petroleum products that have been…
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Residents of Imo State woke up on Tuesday to another round of fuel scarcity, following a strike action embarked upon by the tanker drivers, an action that has aggravated hardship on the residents of the state. Our correspondent who…
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Filling Stations operating in Owerri, on Wednesday shut down their businesses to protest the refusal of payment of compensation to one of their members whose filling station was damaged by former Governor Rochas Okorocha’s…
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*The Customs C-G had accused the DPR of giving licences to petrol stations around Nigeria's borders in violation of existing laws. DPR denies the accusation The Department of Petroleum Resources (DPR) has denied claims by the…
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The National Bureau of Statistics (NBS) says Adamawa, Kwara, and Plateau States paid the highest amount for premium motor spirit (PMS), better known as petrol, in July 2021. The average petrol price during the month under review is…
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Premium Motor Spirit (PMS) or Petrol is still selling at N165 per litre across the country but there are plans to deregulate the sector and allow market forces to determine the pump price of the product, the Minister of State for…
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