Downstream

As lawmakers are preparing to wind up the 8th National Assembly, the issue of fuel subsidy was again brought to the front burner and the legislators made frantic effort to nip any consequential issues arising from it in the bud. During…
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A senator from Anambra State, Victor Umeh, has said that payment of fuel subsidy and all the problems associated with it will never end in Nigeria. The senator said Nigerians are only deceiving themselves by hoping that a time will come…
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The Kaduna Refining and Petrochemical Company has begun daily production of 3.2 million litres of petrol. This was contained in a statement signed by Ohi Alegbe, the Group General Manager, Group Public Affairs Division of the Nigerian…
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The Nigerian National Petroleum Corporation, NNPC, said it supplied 1.27 billion liters of petrol translating to 45.53 million litres/day for the month of February. The Corporation said during the period it diligently monitored the…
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The National Bureau of Statistics (NBS) on Friday announced that 4.87 billion litres of Premium Motor Spirit (PMS), popularly known as petrol were imported into the country in the first quarter of this year. The NBS made the disclosure…
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The Nigerian Government, yesterday, said henceforth, Liquefied Petroleum Gas, LPG, consumers, would no longer be allowed to own cylinders, instead, the ownership of the cylinders would rest solely on owners of the gas refilling plant. …
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The Depot and Petroleum Marketers Association of Nigeria (DAPMAN) says the rise in landing cost of petroleum products has renewed calls for full deregulation. The group therefore, called for deregulation of the downstream sub-sector of…
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• Experts advance reasons for oil theft as nation lost $55b in 10 yrs• EFCC, Navy talk tough on pipeline vandalism Nigerians living far from petroleum depots or in mountainous and riverine communities may be burdened with high price of…
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The Minister of State For Petroleum Resources, Dr. Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation has incurred a cumulative loss of N85.5 billion in importing petrol and selling at the current retail price…
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The Nigerian National Petroleum Corporation has said that it cannot sell Premium Motor Spirit, popularly called petrol, at a loss, regardless of the demands of oil marketers, as it buys the commodity at N116.28 per litre. NNPC disclosed…
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