Downstream

The Department of Petroleum Resources, DPR, has disclosed that fuel stations in Port Harcourt are into the business of under-dispensing Premium Motor Spirit, otherwise known as petrol, to customers. The Port-Harcourt Zonal…
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• Payment peaked during 2019 general elections It was inconsistency all the way as it was gathered yesterday that the Nigerian National Petroleum Corporation (NNPC) spent N843.121 billion on fuel subsidy in 13 months. The disturbing…
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The Department of Petroleum Resources (DPR), says it has sealed 13 fuel service stations in Sokoto and Kebbi states for under dispensing and operating without valid license. Mr Muhammad Makera, the Zonal Operations Controller of DPR in…
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Stakeholders in the oil and gas industry have said there is urgent need to promote safety in the sector. They spoke at a seminar organised by Navgas, in conjunction with Directorate of Petroleum Resources (DPR) and others, in Ikeja, Lagos…
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Over 25 filling stations in Kano and Jigawa states have been sealed off by the Department of Petroleum Resources (DPR) for different offences ranging from violation of safety rules, under-dispensing of petroleum products to customers,…
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At N145 or 40 US cents, Nigeria’s pump price for petrol is the 7th cheapest in the world and the cheapest in West Africa, according to data published by globalpetrolprices.com. All Nigeria’s neighbours sell petrol at more than…
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The Nigeria Governors’ Forum (NGF), has told Mele Kolo Kyari, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) that a new deal might be needed to curb the financial drawback subsidy payment is having on…
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...Disregard trending rumour of impending hike in pump price of petrol, Says NNPC…Clarifies statement of its GMD The Nigerian National Petroleum Corporation (NNPC) may have dismissed reports suggesting that a new petrol…
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-By Gideon Osaka There appears to be no end in sight to the challenges facing Nigeria’s downstream oil sector. Issues of subsidy payment, inadequate refining capacity of the nation’s refineries and liberalisation of the sector continue…
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NNPC towerThe Nigerian National Petroleum Corporation (NNPC), yesterday, defended its role in the importation of Premium Motor Spirit, otherwise known as petrol, noting that its intervention has helped to check false claims for subsidy…
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