Downstream

Fuel queues linger in Abuja, the Federal Capital Territory of Nigeria as residents search for petrol to power their businesses. BusinessDay’s visit to some filling stations showed that the price of PMS ranges from N617 to N980 per…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has directed gas stations across the country to halt selling of petrol, in jerrycans. INFORMATION NIGERIA reports that NMDPRA’s directive is coming, amid ongoing…
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Petrol supply continues to fluctuate across Nigeria, leading many filling stations to remain closed or unable to dispense the product. Investigations reveal that in the Federal Capital Territory (FCT), petrol is priced close to…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the cost of buying 45,000 litres of a truck of fuel has risen from N9.6million to currently between N34 million and N36 million at the depots of…
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Petroleum marketers in Nigeria have declared the actual price of Premium Motor Spirit (PMS), commonly known as petrol, at filling stations.According to the marketers, the correct price of petrol should be N1,500 per litre, citing a gap…
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The long fuel queues experienced across major states and cities in Nigeria are expected to ease soon as the loading of the product resumes at Lagos depots this Tuesday. There are reports of shortage of fuel supply in the Federal…
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The Nigerian National Petroleum Company (NNPC) Limited has attributed the scarcity in parts of Lagos and Abuja to a hitch in the discharge operations of a couple of vessels.In a statement released on Saturday, Olufemi Soneye, the chief…
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Oil marketers in Abuja and neighbouring states of Niger, Nasarawa, and Kogi states have shut down their filling stations leading to fuel queues amidst growing concerns over a planned nationwide protest.POLITICS NIGERIA reports that the…
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Niger Republic has announced a cut in fuel prices to help bolster its economy, which is still recovering from the aftermath of a political crisis following a military takeover last year. It comes ahead of the first anniversary of…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised an alarm that Nigeria’s fuel subsidy expenditure may exceed N700 billion monthly.The revelation was made by IPMAN’s Secretary, Abuja-Suleja, Mohammed…
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