Oil Marketers Blame Fuel Scarcity on Logistics Challenge Oil marketers have attributed this round of scarcity of Premium Motor Spirit also known as petrol, to lingering logistics challenges. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who...

Fuel Hits N250/litre In Abuja, Others, Queues Persist   Some filling stations in Lagos, Abuja, Niger and other states dispensed Premium Motor Spirit at between N200/litre to N250/litre on Sunday, higher than the government-approved retail price of N165/litre, as queues for the product extended to more...

Oil Marketers Plan 7,000 Autogas Stations With N250bn Loan       Oil marketers have commenced the process of converting over 7,000 retail outlets across the country to autogas stations as part of measures to deepen the use of gas in automobiles. It was gathered that the marketers were...

We Can’t Restock, Scarcity Worsening - Petrol Marketers       Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks with products. It was gathered that the recently...

NNPC, IPMAN Caution Against Panic Buying As Fuel Queues Return       The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have cautioned motorists against panic buying as fuel queues returned in Abuja and Lagos. The Economic Confidential gathered that many filling...

Petrol Retailers Seek Collaboration With FG On Refineries’ Repair       The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed its readiness to collaborate with the federal government in revamping the four non-functional refineries in the country if called upon by the federal government. The...