Downstream

Production of petrol by modular refineries in the country may not commence unless a clear pricing template for pricing locally refined petrol is agreed upon by the investors and government agencies to pave the way for a more competitive…
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Nigerian politicians have a penchant for transferring their aggression to the country’s inconsequential majority toiling below poverty line. They are voiceless and powerless in the face of the transferred aggression. That makes them a …
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Professor Wumi Iledare, Former President of the Nigeria Association of Energy Economies (NAEE), has advised the federal government to engage in gradual deregulation of the downstream oil sector until the passage of the Petroleum Industry…
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The Nigeria Governors Forum has recommended that the price of Premium Motor Spirit, also known as petrol, should be between N380 and N408.5 per litre. The price band was made known on Wednesday at a meeting of the NGF. A committee,…
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Premium Motor Spirit (PMS) petrol stock days has increased to 34.26 days sufficiency, The Nation learnt on Tuesday. It is an indication the product could last for 34.26 days at the country’s average daily consumption of 56 million…
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As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions to lock horns with the Federal Government on petrol subsidy…
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Even before the new tax on fuel comes into effect on July 1, fuel stations have already increased pump prices for the product. Through a mini-survey, Daily Monitor has established that the pump prices of fuel have significantly…
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-By Bashir Bello The management of the Petroleum Equalisation Fund, PEF has unveiled plans to venture into the gas sector with a view to equalising the transportation and distribution costs of Liquefied Petroleum Gas also known as…
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The Nigerian Labour Congress on Thursday insisted that petrol subsidy must not be removed and that it would not shift grounds on this position until Nigeria’s refineries were fixed. NLC’s position came as a support to the…
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The Federal Government is perfecting a plan to extend equalisation scheme to Liquefied Petroleum Gas (LPG) as part of measures to reduce deforestation, greenhouse pollution and death from the use of solid fuels. Speaking at an…
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