Petrol Landing Cost Hits N870, Surpasses Dangote’s Price   The landing cost of Premium Motor Spirit (petrol) has now averaged N870 per litre, reports by the Major Energies Marketers Association of Nigeria have shown. This is even as the price offered by the Dangote Petroleum Refinery threatened...

Nigeria to Become Net Petrol Exporter Within Two Years - PETROAN The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has projected that Nigeria will transition into a net petroleum export nation within the next two years. Billy Harry, PETROAN President, spoke during his 65th...

FEC Directs Full Implementation of Naira-for-Crude Deal, Projects Cut in Fuel Price The Federal Executive Council, on Wednesday, directed the full implementation of the suspended Naira-for-Crude agreement with local refiners. It said the initiative with local refineries is not a temporary measure but a “key policy...

PETROAN Alleges Local Refineries Import Substandard Crude Oil   The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says some local refineries are importing substandard crude into Nigeria to cut costs. Speaking with our correspondent on Thursday, PETROAN National Publicity Secretary Joseph Obele said the refineries...

FG Panel Reconvenes Monday to Address Naira-for-crude Crisis     The huge allocation of crude oil by the Nigerian National Petroleum Company Limited (NNPCL) to its foreign creditors is a big challenge to the supply of the commodity to domestic refiners including the Dangote Petroleum Refinery. Insiders familiar...

PETROAN Six-month Petrol Price Stability Proposal Unacceptable - IPMAN The Independent Petroleum Marketers Association of Nigeria has rejected a proposal by the Petroleum Products Retail Outlet Owners Association of Nigeria that the downstream oil sector regulator should make it mandatory that fuel prices should be...