Job Losses Loom As Diesel Price Rises To N320/litre     Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed up the cost of importing fuel...

MOMAN Eyes Petroleum Products From Dangote Refinery       The Major Oil Marketers Association of Nigeria (MOMAN) has said it is open to engage the management of Dangote Group on commercial terms regarding the lifting of petroleum products from its refinery when completed. Dangote Group said in a...

Dangote Refinery: Marketers Differ On NNPC Proposed Stake Acquisition       Oil marketers have expressed divergent views on the proposed acquisition of a 20 per cent stake by the Nigerian National Petroleum Corporation in Dangote refinery. S&P Global Platts had reported on Thursday that the NNPC was in...

Petrol Subsidy Rises To N500bn       With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in global oil prices, subsidy on the product is estimated to gulp N500bn in the...

Nigeria To Upgrade Oil Downstream Sector - DPR       The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard. The downstream has the capacity to improve revenue from the oil and gas...

Oil Marketers Refuse To Obey N5 Reduction In Petrol Price         Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to reflect the N5 reduction announced by the Federal Government last week. After meeting with officials of...