Fuel Marketers Raise Diesel Price To N265/litre       Against the backdrop of the recent rise in global oil prices, some fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to a new high of N265 per litre. The Economic Confidential had reported...

Fed Govt Lists Sanctions For Fuel Marketers         The Federal Government, through the Petroleum Products Pricing Regulatory Agency, has warned oil marketers and other operators in the downstream sector against non-compliance with the provisions of the Petroleum Products Commercial Framework Regulations. The PPPRA, in the regulations seen...

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...

Fuel Marketers’ Revenue To Drop By N400bn – Report     The total revenue from the sale of petroleum products in Nigeria is expected to fall by N400bn this year on the back of the impact of the COVID-19 pandemic on fuel consumption, a new report by...

Fuel Marketers’ Profits Drop To N3.58bn, Two Suffer N1.57bn Loss     Three of the seven oil marketing firms listed on the Nigerian Stock Exchange posted a total loss of N1.57bn in the three months ended March 31, 2020, while two saw their profits fall by N3.58bn. MRS...

Why Kerosene, Diesel Prices Have Not Dropped – Marketers   Major fuel marketers in the country have said the expected reduction in diesel and kerosene prices has not materialised because of their inability to access foreign exchange for importation in recent weeks. Economic Confidential reported on Monday...