We Deregulated Downstream Oil Sector In March - Minister   The Minister of State for Petroleum Resources, Chief Timipre Sylva said the downstream oil sector was deregulated on March 19, with the reduction in the pump price of petrol. Sylva, who made the clarification at a ministerial...

Petrol Price Could Further Drop By N8/litre – Marketers   The pump price of petrol could drop further by between N5 and N8 per litre, operators in the downstream oil sector have said. According to oil marketers, the crash in crude oil price warranted the recent slashes...

Petrol Price: Marketers Seek Loans, DPR Enforces Compliance   Oil marketers on Thursday called for soft loans from the Federal Government following the abrupt impact of the recent reduction in the pump price of petrol on their businesses. The Independent Petroleum Marketers Association of Nigeria had directed...

Petrol Scarcity Looms, Says IPMAN   Members of the Independent Petroleum Marketers Association (IPMAN) on Monday raised the alarm over the inability of the Depot and Petroleum Products Marketing Association (DAPPMA) to secure the Federal Government’s approval for selling the Premium Motor Spirit (PMS) petrol at...

Era Of Fuel Scarcity Is Over In Kano, Says IPMAN   Kano state Chairman of Independent Petroleum Marketers Association of Nigeria (IPMAN) Alhaji Bashir Ahmad Danmallam has described the success of ‘Operation White Project’ introduced by NNPC in 2019 as the key that dealt with fuel...

After 25 Years, DPR To Resume Kerosene Supply To NNPC Calabar Depot   The Department of Petroleum Resources (DPR) has assured that they will soon resume supplies of kerosene, PMS and AGO to the NNPC Calabar port after 25 years. Operation Controller of DPR in the State,...