Marketers Caution FG on Hasty Fuel Import Ban   Marketers have argued that Nigeria cannot ban fuel importation now, saying the country’s refining capacity is still low. The marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlet...

Fuel Import Bill Explodes to N6trn in Five Months   Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in five months. But...

NNPC, Marketers Import 633m Litres of Fuel to Address Domestic Shortfall   In a move to address the domestic fuel shortage, the Nigerian National Petroleum Company Limited (NNPCL) and other downstream oil sector marketers brought in a substantial volume of petroleum products in January 2025. The latest...

Fuel Price Drops in Lagos, Abuja as Marketers Adjust Rates   Petrol prices yesterday crashed for the first time post-deregulation era. The crash can be attributed to a reduction in ex-depot price of the product announced by the Dangote Refinery from N970 to N899.50 per litre...

Marketers Fear High Dangote Petrol Price as Fuel Landing Cost Rises Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that the landing cost of imported...

Petrol: Oil Marketers Project N700bn Monthly Subsidy With a landing cost of N1,117 per litre for Premium Motor Spirit, popularly called petrol, the monthly subsidy on the commodity has increased to about N707bn, oil marketers projected on Monday. It was also gathered that as the Dangote...