The cost of loading Premium Motor Spirit (petrol) and other refined petroleum products at depots surged on Monday, raising concerns about potential pump price increases across the country. According to The PUNCH, oil marketers increased depot prices for petrol and diesel by ₦43 (4.74%),… Oil marketers increase rate to ₦950/litre …C0NTINUE READING >>>>
Oil marketers, under the banner of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have urged the Federal Government to privatize state-owned refineries, foster competition, promote transparency and accountability, and invest in infrastructure to enhance the… Privatise refineries and invest in CNG …C0NTINUE READING >>>>
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and oil marketers have announced that the prices of refined petroleum products are expected to drop further with the resumption of operations at the Warri Refining and Petrochemical Company Limited (WRPC). Dealers in… Marketers hint at cut of petrol price …C0NTINUE READING >>>>
Mixed reactions to Dangote refinery’s advance payment rule …C0NTINUE READING HERE >>> Oil marketers have reacted differently to the new policy introduced by the Dangote Petroleum Refinery, which mandates advance payments from dealers before accessing products at its Lekki facility. Gistreel gathered that the announcement was made during a high-level stakeholder meeting led by NNPC … Read more
Oil marketers warn of boycott amid petrol price dispute …C0NTINUE READING HERE >>> Oil marketers have set conditions for engaging with the newly revamped Port Harcourt Refinery in Rivers State, managed by the Nigerian National Petroleum Company Limited (NNPCL). They emphasized that the refinery must offer prices lower than those of the Dangote Refinery to … Read more