Downstream

Nigerian oil advertisers have requested that the Buhari organization give a valuing equation that will control the month to month changes in the siphon cost of Premium Motor Spirit (PMS), famously known as petroleum. They said…
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The Federal Government has spent about N10n subsidising petroleum products in the last 15 years, the Major Oil Marketers Association of Nigeria has said. MOMAN and other stakeholders, including the Depot and Petroleum Products Marketers…
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Operators in the downstream sector of the oil and gas sector have asked the Federal Government to unveil a pricing formula that will guide the monthly adjustments in the pump price of premium motor spirit (PMS) otherwise known as petrol in…
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Oil marketers under the umbrella of Oil Marketers Association of Ni­geria (MOMAN), Thursday, turned down Federal Government’s invita­tion to resume petroleum products importation into the country. Besides, the association, through its…
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National Bureau of Statistics (NBS), yesterday, said that the petroleum products importation statistics for full year 2019 reflected that 20.89 billion litres of Premium Motor Spirit (PMS), 5.15 billion litres of Automotive Gas Oil…
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 …to have equal access to Forex with NNPC at CBN It has been confirmed that the sole-importer status of Nigerian National Petroleum Corporation (NNPC) of petroleum productions into Nigeria has changed again. Private oil marketers have…
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Some experts in the Oil and Gas sector have expressed concern over Federal Government’s pronouncement of deregulating the downstream oil and gas sector without a law backing it. Prof. Wumi Iledare, the former President, Nigeria…
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...Says policy came into effect, March 19 …Says intervention in pricing would continue due to marketers’ exploitative tendencies …Laments rise in food prices, despite fuel price slash The Federal Government on…
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…as NNPC slashes ex-depot PMS price to N108/litre The delay by the Petroleum Product Pricing Regulatory Agency (PPPRA) to review the price of Premium Motor Spirit (PMS), popularly known as petrol, for May has increased the profit margin…
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Nigerians consumed about 1. 2 billion litres of petrol in January, with a daily utilisation rate of 38.6 million, a report by the Nigerian National Petroleum Corporation (NNPC), has shown. The corporation also announced that for the…
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