Downstream

Amid ongoing pricing and supply crises in the downstream sector of the Nigerian oil industry, the International Monetary Fund, IMF, has tasked the Federal Government to prioritize building and accelerating a social safety net that…
Read More...

There are indications that the Federal Government is still battling to restore normalcy in the supply chain of the Premium Motor Spirit (PMS) otherwise known as petrol as long queues and black market remain visible despite…
Read More...

NMDPRA official sealing an erring filling station in Uvwie Local Government Area of Delta. The News Agency of Nigeria (NAN) reports that the regulatory body on Wednesday sealed the stations after carrying out surveilance of filling…
Read More...

Black market fuel vendors tries to sell fuel to a motorist on Lagos-Ikorodu highway 17 June 2007. "The Nigerian Constitution provides a legal ground for petrol peddling to be a jail-worthy offence" Since the crisis started in July,…
Read More...

Fuel scarcity has worsened in recent weeks, with long queues forming at petrol stations nationwide The chairman of the Nigeria Union of Local Government Employees (NULGE) in Akure South local government, Ondo State, Oluwatuyi Olasoji,…
Read More...

The Yoruba Union (Igbinmọ Majekobaje Ilẹ-Yorub) has demanded the resignation of President Bola Tinubu in response to rising fuel prices and worsening hunger affecting the southwest region and Nigeria as a whole. The union has…
Read More...

Oil marketers are concerned about the delay in declaring the price of Premium Motor Spirit, also known as petrol, manufactured by the Dangote Petroleum Refinery, noting that the landing cost of imported PMS is presently around N1,120…
Read More...

Despite the recent hike in the price of Premium Motor Spirit (PMS), the Federal Government is still subsidising the product for local consumption, Dr. Thomas Ogungbangbe, the Chief Executive Officer (CEO) of CITA, has said. …
Read More...

For the first time this week, the Nigerian National Petroleum Company Limited (NNPC) confirmed that it was facing financial constraints in footing fuel imports. By that singular action, the company threw a beam of illumination and…
Read More...

President Bola Ahmed Tinubu has weighed in on the recent increase in the pump price of fuel in Nigeria. Recall that on Tuesday, price of Premium Motor Spirit, also called petrol, rose to N897 from about N600 per litre across fuel…
Read More...