Dangote Cuts Diesel Price by N200 Despite Import   Dangote Refinery has cut the depot price of Automotive Gas Oil (AGO), commonly known as diesel, by N200 per litre. The move intensifies competition in Nigeria’s downstream petroleum sector and has forced a major price adjustment. The reduction took...

Petrol Nears N1,400/Litre Following Dangote Price Adjustment    The pump prices of Premium Motor Spirit (petrol) are nearing N1,400 per litre in many parts of the country as the United States and Iran fail to agree on a ceasefire that should lead to the reopening of...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed calls for Nigeria to strengthen its domestic refineries, citing the escalating Middle East crisis and its impact on global oil markets.

Marketers to FG: Probe N11.35trn Spent on NNPC Refineries   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has demanded that authorities fully account for an estimated N11.35tn reportedly spent on the rehabilitation of state-owned refineries, warning that continued opacity undermines confidence in the...

NNPC Refineries Privatisation to Kick Off by Q1 - PETROAN    The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has renewed its call for the privatisation of Nigeria’s four state-owned refineries, urging the Federal Government to transparently conclude the process by the first quarter...

Dangote’s Plan for Direct Fuel Supply Sparks Concerns of Market Disruption   The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has warned that the Dangote Petroleum Refinery’s plan to bypass existing distribution channels and supply refined petroleum products directly to end-users would lead to...