Downstream

Fuel marketers across major and independent retail outlets have adopted multiple price bands in the sale of Premium Motor Spirit (PMS), popularly called petrol. Minister of Labour and Productivity, Dr. Chris Ngige, had after meeting…
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The Petroleum Retailers Outlets Association of Nigeria, PETROAN, has directed its members to sell premium motor spirit, commonly known as petrol, at the lower band of N160 per litre and N162 upper bandChairman of PETROAN in Rivers State,…
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Marketers of petroleum products have said they are yet to go back to the importation business due to their inability to access foreign exchange. According to them, sourcing dollars at the official market rate remains a challenge to them…
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At a pump price of ₦167 per litre, Nigerians are currently overpaying for fuel, an industry expert, Alhaji Rabiu Bello has revealed Bello, a former Chief Operating Officer/Group Executive Director, Upstream Business Unit at the Nigeria…
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The federal government, on Monday night, succumbed to the pressure from organised labour and reduced present price of Premium Motor Spirit, popularly known as Petrol, by N5. The Minister of Labour and Employment, Chris Ngige, who…
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Director of the Department of Petroleum Resources, DPR, Engineer Sarki Auwalu, Tuesday, disclosed that it has identified petrol stations across the country with capacity to install autogas dispensing facilities, adding that henceforth, the…
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President Muhammadu will on Tuesday, December 1, roll out the much awaited National Gas Expansion Programme (NGEP) in Abuja. The event would herald the formal dispensing of autogas (CNG & LPG) products at two NNPC Retail Stations,…
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Nigeria’s minister of state, petroleum resources, Timipre Sylva, has called on Nigerians to be happy and proud that Africa’s biggest oil state is about to resume petroleum products importation from neighbouring Niger Republic. Sylva…
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…To partner FUPRE on modular refinery project National President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Elder Chinedu Okoronkwo, Tuesday, disclosed that oil marketing companies were in talks…
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The Nigerian National Petroleum Corporation, NNPC, Friday, said oil marketers who patronise its online platform would purchase the product at N153.17 per litre, despite the increase in the Ex-depot price of Premium Motor Spirit, PMS, to…
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