Independent petroleum marketers and energy experts have rejected the Dangote Petroleum Refinery’s decision to sell fuel in US dollars, warning that it could worsen Nigeria’s foreign exchange pressures and destabilise the downstream sector.
Import Licence Dispute Pits Dangote Refinery Against Marketers
Dangote Refinery and fuel marketers have resumed fresh hostilities over the new import licenses the Federal Government recently granted the former to ship petroleum products outside the shores of the country.
Economic Confidential also reports that the largest...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed calls for Nigeria to strengthen its domestic refineries, citing the escalating Middle East crisis and its impact on global oil markets.
Marketers to FG: Probe N11.35trn Spent on NNPC Refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...
PETROAN Disputes Claims of Lifting Petrol from P'Harcourt Refinery
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has denied lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company, managed by the Nigerian National Petroleum Company Limited in Rivers State.
Based on its...
