Downstream

The Department of Petroleum Resources has ordered 9,000 filling stations nationwide to begin the installation of facilities for gas products. This was announced in a statement by The Director, DPR, Mr Sarki Auwalu. The DPR said the…
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The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices. It released petrol price bands for about three months although some…
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The Petroleum Products Pricing Regulatory Agency (PPPRA) on Wednesday said there was no relationship between the prices of crude oil in the international market and the pump price of petroleum products. This is contrary to what the…
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Deregulation, subsidy and electricity hike are not new in the history of Nigeria. Successive governments in the country’s current political dispensation from 1999 till date have battled with these tripod issues in the country’s political…
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President Muhammadu Buhari on Monday for the first time personally defended the recent hike in price of premium motor spirit (PMS) popularly known as petrol and electricity tariff. President Buhari spoke on the decisions which had…
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...begins full deregulation of oil sector The Federal Government says it would no longer provide a price band at which marketers will sell Premium Motor Spirit, popularly called petrol. According to Saidu, the downstream arm of the…
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•Exits price fixing, adds gas to Nigeria’s gasoline mix It is no longer news that the Federal Government has finally yielded to pressures from fuel marketers to fully deregulate the downstream sector of the nation’s oil and gas industry…
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The Department of Petroleum Resources, DPR, weekend, ordered petrol retail outlets across the country to immediately undertake the upgrade of their facilities in preparation for the autogas scheme, so as to be able to dispense gas to…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), Enugu depot, on Friday warned that petrol may cost more in the South-East should the Federal Government fail to reactivate the Emene depot. He was reacting to the…
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The former Emir of Kano, Malam Muhammadu Sanusi II, has said that the federal government's efforts to revive the country's economy are right. It was reported this weekend that the former king had said that even before the COVID-19…
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