The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to regulate the frequent downward review of petroleum product prices, warning that unchecked price fluctuations are causing financial instability and losses in the downstream sector.…
Nigeria’s petroleum marketers have said that with the coming on stream of Port Harcourt refinery, Nigerians should expect a drop in prices of petroleum products. The President of the Petroleum Products Retail Outlet Owners Association, PETROAN, Billy Gillis-Harry made this…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said inefficiencies and cost challenges are affecting Nigeria’s petroleum distribution infrastructure. The Executive Director of Distribution, Storage System, and Retail Infrastructure of NMDPRA, Ogbugo Ukoha disclosed this at the ongoing…
By Esther Agbo In response to rising concerns about a potential shortage in the petroleum supply market, the Major Energies Marketers Association of Nigeria (MEMAN) has issued a statement to reassure the public and stakeholders of the availability of petroleum…
The Inter-Party Advisory Council, IPAC, has called on the Federal Government to take urgent steps to make the roads safe and work out alternative means of conveying highly inflammable petroleum products. The council said this while reacting to a fuel…
…Begins probe, sets up 15-member investigative committee The Senate Committee investigating the importation of hazardous petroleum products and dumping of substandard diesel into Nigeria has stated that a ban on importation is the best way to prevent dumping of substandard…
The Nigerian Customs Service (NCS) has expressed commitment to end petroleum products smuggling in 2024. The Comptroller General (C-G) of NCS, Mr Adewale Adeniyi, also said that the service would block all attempts to smuggle weapons and other contraband into…
The Minister of State for Petroleum, Heineken Lokpobiri, has reaffirmed the nation’s commitment to the membership of the Organisation of Petroleum Exporting Countries (OPEC) after Angola, Africa’s second-largest oil producer exited the cartel. Mr. Lokpobiri disclosed this in a statement…
ReportThe Petroleum Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has refuted claims that its members are planning a protest.Mr Augustine Egbon, PTD National Chairman, in a statement on Monday in Abuja, said…
Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its intervention in the construction of the proposed Centre for Skills Development and Training (CSDT) at Omagwa, Ikwerre Local…
