Daily Petrol Consumption Drops To 52m Litres   Average daily consumption of premium motor spirit (petrol) in Nigeria has dropped from 64,964,000 per day recorded on June 30, 2023 to 52 million. Daily truck out as at August 14 stands at 1,306 trucks carrying a total of...

Power Sector Gas Debt Rises to $1bn - NGA A new gas pricing template for the power sector and gas-based industries has been developed and currently awaits the approval of President Bola Tinubu, the Nigerian Midstream, and Downstream Petroleum Regulatory Authority announced on Wednesday. It was...

Petrol: FX Scarcity Stalls Fresh Importation   The hope of fresh petrol importation into the country may have been dashed, as findings revealed that oil marketers, who have been licensed to import fuel, are currently having difficulties accessing forex (FX). Sources close to the matter said that...

Fuel Subsidy: FG, Lawyers in Dialogue Over PIA Implementation The Federal Government has engaged the General Counsel and Legal Advisers’ Forum of the Mid and Downstream Operators in the oil sector on the seamless implementation of fuel subsidy removal and other aspects of the Petroleum...

NNPCL Cuts Imports as Marketers' Cargoes Arrive in July The Federal Government, on Wednesday, confirmed that other oil marketers have joined in the importation of Premium Motor Spirit, popularly called petrol, following the recent removal of subsidy on the commodity. It revealed that about three mega...

Shift From Diesel To Gas, NMDPRA Urges Stakeholders   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged its stakeholders across the country to shift from the use of AGO (diesel) to gas which has low maintenance, is cost effective, and gives a pollution...