Downstream

Amid fears of declining global demand of petroleum, the Petroleum Products Pricing Regulatory Agency has assured Nigerians of sufficient timeproducts. According to a statement signed by the agency’s Executive Secretary, Abdulkadir…
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The sharp drop in crude oil prices on the back of the spread of coronavirus has wiped off subsidy on petrol, with the landing cost of the product hitting a record low, ’FEMI ASU reports The expected open market price of Premium Motor…
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President Muhammadu Buhari has commissioned a security outfit, Operation Swift Response that will checkmate and crackdown illegal activities of smugglers across the borders. A statement by the Special Adviser to the President on Media…
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The Honourable Minister of State for Petroleum Resources, H.E. Chief Timipre Marlin Sylva headlined the Mega Launch of the various range of NNPC Retail Limited's Lubricants which held today, at the International Conference Centre, Abuja,…
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The Director, Petroleum Resources, Department of Petroleum Resources (DPR), Mr. Sarki Auwalu, has stated that the downstream oil sector will in few years witness changes in view of the Federal Government’s commitment to drive business in…
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The downstream arm of the country’s petroleum industry has been on the downward trend in the past few years due to regulation of petroleum products pricing by the Federal Government. As a result of poor margins on investment in products…
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The Nigerian Union of Petroleum and Natural Gas Workers has directed its members to stop the distribution of fuel to any part of Rivers State. Also the Independent Marketers Association of Nigeria, it was gathered, instructed its…
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Having recognised a whooping budgetary allocation of N450 billion voted for under-recovery, otherwise known as subsidy for Premium Motor Spirit (PMS) in the 2020 budget, the Department of Petroleum Resources (DPR) has rolled out awareness…
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Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria (NUPENG) suspended distribution of fuel to the city. Mr Tayo Aboyeji, Chairman, South-West Chapter…
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The Liquefied Petroleum Gas Retailers (LPGAR), a branch of National Union of Petroleum and Natural Gas Workers (NUPENG), says it has started the process of data capturing of all LPG retailers in Nigeria. Its National Chairman, Mr…
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