Fuel Retailers Reject NMDPRA’s Proposed Decommissioning Rules The Nigerian Midstream and Downstream Petroleum Regulatory Authority has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’...

The pump price of petrol has surged again to N955 per litre in parts of the country, including the Federal Capital Territory (FCT).

Data from the downstream regulator of the oil sector has revealed that marketers have resumed large-scale importation of refined petroleum products, choosing not to patronise local refineries.

FG to Rake in N796bn Revenue from 5% Petrol Surcharge The Federal Government is projected to generate up to ₦796 billion annually from a proposed five per cent surcharge on both locally refined and imported petrol, under a new tax policy set to take effect...

Nigerians to Buy Shares in $20bn Dangote Refinery President of the Dangote Group, Alhaji Aliko Dangote, has said Nigerians will soon become shareholders in his $20bn refinery situated in Lekki, Lagos State. Dangote stated this recently at the Global Commodity Insights Conference on West African Refined...

The Depot and Petroleum Products Marketers Association of Nigeria (NMDPRA) says the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) efforts to streamline licensing processes have attracted $1.2bn in modular refinery investments since 2022.