Downstream

Mr. Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation, said the Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas, for rural dwellers. Kyari spoke…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday announced that Nigeria’s domestic Liquefied Petroleum Gas (LPG) consumption exceeded one million metric tonnes (Mt) last year, making 2020 the first in the nation’s…
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There are indications that limited investment has taken a toll on exploration, as Nigeria’s rig count dropped year-on-year by 27.8 per cent to 135 in the year 2020, from 187 in 2019. The oil rig count, a major index for measuring level of…
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Despite the efforts of the Federal Government to boost gas availability, Nigerians actually paid more money to refill their 12.5kg gas cylinder in December than they did in the month of November. This is because the average price for…
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As an immediate response to the rising price of petrol, and by extension, the return of fuel subsidy, the Federal Government has urged operators in Nigeria’s downstream sector of the petroleum industry to shift to Autogas. The call…
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Bayelsa State government has alerted the residents of the presence of some filling stations indulged in the sale of adulterated petroleum products in the state. The state Commissioner for Mineral Resources, Dr. Ebiere Jones, who raised…
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BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing and distribution of petroleum products and other related services have announced the supply of 20,000.00…
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The Institute for Energy Security (IES) has projected that the price of fuel would increase marginally in the first pricing window of January, 2021. Institute for Energy Security stated that its projection was based on the prices of…
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The price of petrol is set to increase by between 40 and 43 cents a litre in South Africa this week. In a statement on Monday, the Department of Mineral Resources and Energy (DMRE) said the price of 93 (ULP and LRP) will go up by 43…
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The Executive Secretary, Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, yesterday assured of the availability of petroleum products throughout the Yuletide. In a statement in Abuja, he said the “average stock of Premium…
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