Downstream

Petrocam Trading Nigeria Limited has unveiled its intentions about local refining saying that the firm does not have any plans of investing in refinery in Nigeria until there is deregulation. The company’s Admin and Sales Manager, Eyo…
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The Department of Petroleum Resources (DPR) has threatened to shut down erring stations and ensure that any marketer who sells petrol above N145/litre government approved price is punished. Speaking yesterday during a meeting with…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on Department of Petroleum Resources (DPR) to sanction depot owners selling petrol above ex-depot price of N133.28K per litre. Debo Ahmed, Chairman, IPMAN…
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Dr. Ibe Kachukwu, the Minister of State for Petroleum Resources, said the establishment of modular refineries might not resolve the problem of scarcity of petroleum products in Nigeria. Kachukwu said that the Federal Government actually…
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The Nigerian National Petroleum Corporation, NNPC has said 50million litres of Premium Motor Spirit, PMS, otherwise called petrol, would arrive the shores of Nigeria every day from today. The assurance came after reports of…
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Fuel supply hitch worsens ...Marketers grumble over N145NNPC: 55 depots nationwide stocked with petroleum products The ex-depot price of Premium Motor Spirit (PMS) also known as petrol at private depots in Apapa, Lagos on Thursday…
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The International Monetary Fund (IMF) has noted that the oil refinery being developed by Dangote Industries Limited will increase Nigeria’s annual trade balance by $2bn. The IMF lamented that Nigeria, despite being a long-time crude oil…
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The Nigerian National Petroleum Corporation (NNPC) has asked Nigerians to report any filling station that sells Premium Motor Spirit (PMS), popularly known as petrol beyond N145 per litre to relevant agencies. It made the call in a…
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It will be recalled that the Independent Petroleum Marketers Association (IPMAN) had, said plans were underway to increase the pump price of petrol above the current N145. Speaking with journalists at the pavilion of the NNPC during the…
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Nigeria’s importation of Premium Motor Spirit (PMS) also known as Petrol, finally hits the 20.14 billion litres mark in 2018. In the last quarter of 2018 alone, Nigeria imported 5.3 billion litres of PMS. Data for the four…
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