Petrol Price May Hit N180 As Oil Nears $50         The pump price of Premium Motor Spirit, popularly known as petrol, may hit N180 per litre this month, according to marketers, as oil prices extended their rally on Monday, with Brent crude trading near $50 per...

Forex Scarcity Bars Marketers From Petrol Imports       Despite the deregulation of the downstream oil sector by the Federal Government, private marketers are still tied to the Nigerian National Petroleum Corporation’s apron strings as they continue to steer clear of petrol importation, ’FEMI ASU reports The expected...

30% Petrol Smuggled Out Of Nigeria – Report       The absence of subsidies in neigbouring countries has created the incentive to smuggle about 30 per cent of petrol meant for Nigeria to the neighbouring nations. According to a publication by the Major Oil Marketers Association of Nigeria...

MOMAN Seeks Deregulation, Denies NNPC’s N305/$1 Claim On Fuel Importation The Major Oil Marketers Association of Nigeria (MOMAN) has said total deregulation of the downstream sub-sector remains the best option, as no marketer is getting foreign exchange at N305 to a dollar for importation of...