Downstream

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has reiterated that the Federal Government is no longer fixing the pump price of petroleum products in the country. Sylva made this known while briefing newsmen,…
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The Department of Petroleum Resources (DPR) has advised Nigerians to use Compressed Natural Gas (CNG) as an alternative to petrol and diesel in their vehicles for cost effectiveness and efficiency. Chief Executive Officer of DPR, Sarki…
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- Labour unions in the country are planning to go on strike over the recent increase in the price of petrol - The NLC and the TUC are reportedly consulting towards the planned strike - Ayuba Wabba, the president of the NLC…
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A groundswell of support among Petroleum Industry players and stakeholders is building around the bold decision by the Federal Government to abolish the subsidy regime and enthrone a downstream deregulation era leading to the prevailing…
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Petrol stations in Lagos state have commenced sale of Premium Motor Spirit, PMS popularly referred to as petrol at N162 per litre. The development was seen after SweetcrudeReports noticed that some stations at Festac Twon, Ago, Isolo…
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…PPPRA and PEF to be merged if PIB is passed -By Our Special Correspondent The Federal Government has said more than a trillion Naira will be saved this year going by its decision to withdraw PMS subsidy. This was revealed by…
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The minority caucus in the House of Representatives has condemned the increase in the pump price of Premium Motor Spirit (petrol) from N148 to N151.56k per litre. The Petroleum Product Marketing Company, on Wednesday, announced that the…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members in the Southwest region of the country to begin sales of the Premium Motor Spirit (PMS) popularly referred to as petrol at N162 per litre. The…
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The Pipeline and Product Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has announced an increment in the price of petrol to N151.56 per litre. In a statement obtained by Vanguard, D.O Abalaka of…
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The pump price of petroleum ought to be nearer to N155 for every liter , the Chairman of the Major Oil Marketers Association of Nigeria , Mr Adetunji Oyebanji, has said. Oyebanji, who is the overseeing chief/CEO of 11 Plc (…
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