Downstream

Members of the Private Depot of Oil and Gas Marketers Association of Nigeria (PDOGMAN) and other stakeholders have described as counterproductive the new pump price reduction announced by the federal government. Speaking on behalf of…
Read More...

Oil marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have reached agreement with the managements of the Nigerian National Petroleum…
Read More...

In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that there is the possibility of a new price regime for Premium Motor Spirit, PMS, also known as…
Read More...

The Group Managing Director of the NNPC, Mallam Mele K. Kyari has said that henceforth market forces will be the determinant of petroleum products prices. Tolu Ogunlesi, Special Assistant to President Muhammadu Buhari on New Media said…
Read More...

In compliance with the directives of the Minister of State for Petroleum Resources, the Nigerian National Petroleum Corporation  (NNPC) has announced a new price regime for its Ex-coastal, Ex-depot and NNPC retail pump prices for PMS…
Read More...

The Minister of State for Petroleum Resources, Chief Timipre Sylva has expatiated on President Muhammadu Buhari's approval for the reduction of pump price of PMS, popularly known as petrol. Valuechain gathered that the reductions, as…
Read More...

The Federal Government may have directed the reduction in the petrol price from N145 per litre to about N130. Minister of State for Petroleum Resources, Timipre Sylva, had last week said the government was in consultation with relevant…
Read More...

The expected open market price of Premium Motor Spirit has dropped to N96.27per litre, N48.73 lower than the approved pump price of the product. The landing cost of petrol plunged to 76.90 per litre on March 13, and the product was…
Read More...

The Federal Government has begun consultations with relevant stakeholders on a possible reduction of the pump price of petrol in the wake of the crash of crude oil prices globally. The Minister of State, Petroleum Resources, Mr Timipre…
Read More...

According to Petroleum Products Pricing Regulatory Agency PPPRA, the expected open market price of PMS (Premium Motor Spirit), popularly known as petrol, has dropped massively to N114.53 per litre, N30.47 lower than the approved…
Read More...