Petroleum marketers said they have lifted 518,500 metric tonnes of Automotive Gas Oil (diesel) and Jet A1 from the Dangote refinery, representing 60 per cent of national truck-out in five months. This is contrary to comments credited to the Vice…
Oil marketers have raised alarm over the lightness of Premium Motor Spirit (PMS) otherwise known as petrol in some filling stations, noting that the products are inferior to the quality the Nigerian Midstream and Upstream Regulatory Authority (NMDPRA) approved. While…
Good morning! Here is today’s summary from Nigerian Newspapers: 1. Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting from July. The National Controller Operations, Independent Petroleum Marketers Association of…
Stakeholders in the downstream sector have called on the Federal Government to provide foreign exchange at the Central Bank of Nigeria’s rate to enable petroleum importation. The appeal was made during a virtual online workshop with the theme “Deregulation of…
By Olumide David Oil marketers, on Tuesday insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria (CBN) had cleared the bills…
The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel crisis in the country. The engagement, held in Abuja at the instance of the…
Oil marketers say subsidy is no longer sustainable, calling for dialogue on its implementation to save the downstream sector of the petroleum industry. The marketers made the remarks during an online webinar organised by the Major Oil Marketers Association of…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) claimed that the Federal Government is still owing transportation claims valued at N20 billion to marketers in Nigeria’s southeast. Mr Chinedu Anyaso, IPMAN Chairman, Enugu Depot Community in charge of Anambra, Ebonyi…
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, says the Federal Government will, henceforth, sanction depot owners and oil marketers who contravene the provisions of the Weights and Measures Act 2004. This warning was issued during a meeting…
Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks with products. It was gathered that the recently introduced Customer…
