Downstream

The Petroleum Products Pricing Regulatory Agency (PPPRA) has stated that full deregulation of the downstream oil and gas sector will help force down price of Premium Motor Spirit (PMS) otherwise called petrol. Its Executive Secretary,…
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Government, in March this year, announced total deregulation of petrol across the country, but Nigerians still pay average of N11.9 billion every month to ensure the uniform price of fuel across the country. Following forced removal of…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned against proposed plans to scrap the Petroleum Equalisation Fund (PEF). The association said Nigerians in many parts of the country would be forced to buy…
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While various scientific research results have linked annual deaths of more than 100,000 Nigerians to air pollution, partly caused by the dirty fuel imported into the country by commodity dealers, the various regulatory bodies saddled with…
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The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has tasked the Department of Petroleum Resources, DPR, to investigate the issue of importation of dirty, toxic and substandard fuel into the country by…
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Timpre Sylva, Nigerian Junior Petroleum Minister, has set up a committee to examine the domestic gas pricing framework, even as the Nigerian National Petroleum Company (NNPC) said it has continued to increase its gas production in the…
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The private marketers had pulled out of the petrol importation business in 2017, when they could no longer cope with the unfavourable market fundamentals and realities at the time, a situation that ushered in the Nigerian National…
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The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, stated that since the government’s policy pronouncement in March, adopting full deregulation of the downstream petroleum sector, oil marketing companies had resumed fuel…
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A recent survey conducted by REACH Technologies, a Nigeria-based fintech, on behalf of FBNQuest, indicates a substantial decline in household spending on transportation. According to respondents, spending on all forms of road…
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Nigerian National Petroleum Corporation (NNPC) has revealed that the controversial petrol subsidy took over N101 billion from the country’s coffers in the first three months of 2020. CBN Monthly Financial and Operations for March 2020,…
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