Niger Ban: Fuel Crisis Looms, As Tankers Halt Lifting Of Petrol       Petroleum Tanker Drivers (PTD) on Wednesday ordered the immediate stoppage of distribution of petroleum products from Lagos to the northern part of the country till further notice. PTD in a statement by its National Chairman,...

PPPRA Gazettes Market-based Pricing Regime For Petrol     The Petroleum Products Pricing Regulatory Agency has gazetted a market-based pricing regime for petrol. Spokesperson of the agency, Kimchi Apollo, stated on Wednesday that with the new gazette, oil marketers were now empowered to fix petrol price in accordance...

FG To Nigerians: We’ll Fail If Fuel Subsidy Returns     The federal government says bringing back fuel subsidy that has already been removed may spell doom for the country, adding that Nigeria’s revenue has drastically fallen by not less than 65 per cent. Mrs Zainab Ahmed, the...

Dangote Refinery'll Sell Petrol At International Price - Ahmed     The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at...

30% Petrol Smuggled Out Of Nigeria – Report       The absence of subsidies in neigbouring countries has created the incentive to smuggle about 30 per cent of petrol meant for Nigeria to the neighbouring nations. According to a publication by the Major Oil Marketers Association of Nigeria...

Forex Inaccessibility Stopping Us From Importing Petrol — Marketers     Independent oil marketers are not fully back into the business of importing petrol due to their inability to access foreign exchange. Dealers stated that since the downstream oil sector was deregulated in March this year, the Nigerian...