Downstream

The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country. In a statement released on Sunday, NNPC…
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Motorists queuing at a filling station Photo: Stanley Ogidi How we get fuel from Nigerian smugglers – Niger petrol dealer Petrol hits N850/litre at depots, filling stations raise prices While many Nigerians are keeping vigil at…
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Many Nigerians on social media have lambasted Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Corporation (NNPC) Ltd, for embarking on Umrah in Saudi Arabia amid lingering fuel scarcity at home. …
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•Transport fares rise by over 200%•Transporters lament impact on business•Nigeria becoming failed state — PENGASSAN The prolonged petrol scarcity worsened in Lagos, Ogun and other states, yesterday, as independent marketers started…
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Former Minister of Education, Dr. Oby Ezekwesili, has criticized President Bola Ahmed Tinubu’s removal of fuel subsidy, asserting that it is insufficient without comprehensive reforms in the petroleum sector. During an interview on…
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The Nigerian National Petroleum Corporation (NNPC) Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPC’s vice-president (downstream),…
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Since President Bola Tinubu announced the suspension of subsidy payments on Premium Motor Spirit (PMS) during his inaugural address in May last year, there has been widespread speculation regarding whether the subsidy on the product…
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Petroleum Oil marketers in Nigeria have attributed the current fuel scarcity in the country to the lingering logistics challenges. The President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy…
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By William Emmanuel Ukpoju The cost of fuel is a crucial aspect of a nation's economy, affecting everything from household expenses to transportation and goods production. In Nigeria, the price of Premium Motor Spirit (Petrol) has…
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Anti-pipeline Vandalisation/Oil Theft Task Force comprising ex-militant leaders drawn from crude oil producing communities in the six states of the Niger Delta region have accused some unpatriotic petroleum marketers of being engaged…
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