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Wednesday, May 27, 2020
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UPDATE: OTL Africa, MOMAN, DAPPMA, PETROAN host Downstream Petroleum Summit today

Heavyweights in Nigeria’s downstream petroleum sector will today converge to address salient industry issues preparatory to a regime of full market deregulation.

Oil marketers get PPPRA approval to import PMS

...As stakeholders express concern about absence of legal framework Independent oil marketers have received the all-clear to join the...

Experts seek legal backing for deregulation of downstream oil sector

Some experts in the oil and gas industry have expressed concern over Federal Government’s pronouncement deregulating the downstream oil and gas sector...

Nigeria risks backlash over efforts to end fuel subsidies

In line with popular demand the Federal Government of Nigeria has used the collapse in oil prices to usher in a policy...

Petrol may sell for NGN117 as PPMC slashes ex-depot price

…Petrol to sell at N117 per litre…As FG dallies on total deregualtion The world's cheapest petrol is about to...

“Brace for higher PMS prices”, PPPRA cautions

Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place, the Petroleum...

PMS Pump Price: Petroleum retailers seek intervention funds

Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) want the Federal Government to establish an intervention fund to cushion the effect...

FG sets new PMS pump price at N123.5/litre

The Federal Government on Tuesday night reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N125/litre to N123.5/litre.

Fuel subsidy: Tough choices ahead for Nigeria

Nigeria is trying to shed costly petrol subsidies and enable private companies to import for the first time in years as its...

“PMS landing cost drops as oil prices recede”- PPPRA

The sharp drop in the price of crude oil appears to have temporarily halted the federal government's expenditure on petrol subsidy, records...
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Nigeria’s Bonga oil export terminal shut for maintenance

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Covid-19: Downstream Petroleum Group to complete, equip Abuja Diagnostic Centre

Just when you thought Nigeria’s oil marketing companies were all about their profit margins and clamouring for total market deregulation, the industry’s...

Petrol price may rise as Brent stabilises around $35/barrel

Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of...