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Tag: Oil marketers

Subsidy: Oil marketers request transition plan against handing over 
Banking

Oil marketers confirm stable supply from Dangote Refinery

Oil marketers have disclosed that they are sourcing their petrol supplies from Dangote Refinery and Petrochemical, emphasizing that there are currently no imports. They noted that the supply chain has stabilized, with marketers now procuring products directly from Dangote Refinery. In an interview, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, […]

featured Oil and Gas

Dangote Refinery begins direct petrol sales to marketers

Dangote Petroleum Refinery has begun the sale of Premium Motor Spirit, popularly known as petrol, directly to independent oil marketers that can purchase a minimum volume of 250,000 litres. Before the latest development, the refinery relied largely on about 20 depot owners who lifted petrol from its gantry and handled nationwide distribution of the product. […]

Business

Petrol price could hit N1,000/litre, marketers warn

Petroleum marketers have cautioned that the price of Premium Motor Spirit could surpass N1,000 per litre following President Bola Tinubu’s approval of a 15 per cent ad valorem import tariff on fuel. The policy, set to take effect after a 30-day transition period ending on 21 November 2025, is aimed at supporting local refiners and […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Marketers accuse Dangote Refinery of failure to honour fuel orders

Petroleum marketers have accused the Dangote refinery of failing to load their trucks, even weeks after payments were made. The claims came in response to a statement by the company’s Vice President, Devakumar Edwin, who insisted that marketers should present their trucks for loading. Two marketers, speaking anonymously to avoid potential backlash, said that they […]

News

Marketers seek clarity on Dangote refinery’s fuel supply plan

Members of the Major Energies Marketers Association of Nigeria have announced plans to engage with Dangote Petroleum Refinery to gain clarity on its proposed nationwide direct supply of fuel to filling stations. The Executive Secretary of MEMAN, Clement Isong, disclosed this during a webinar organised by the association on Thursday. He added that the marketers […]

News

Marketers endorse digital platform to boost transparency in fuel pricing

The Petroleum Products Retail Outlets Owners Association of Nigeria has officially endorsed Petroleumprice.ng as the trusted digital platform for petroleum pricing, industry news, and marketplace services in Nigeria. In a statement signed by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, the association said the endorsement followed a comprehensive review of the platform’s performance, transparency, […]

Oil and Gas

Oil marketers blame low demand for ongoing kerosene scarcity 

Oil marketers have cited low patronage and decreasing demand as the main reasons behind the ongoing scarcity of Household Kerosene. Consumers have raised concerns about the severe shortage and skyrocketing prices of kerosene. This disclosed by the National President of Petroleum Retailers Outlet Owners Association of Nigeria, Dr Billy Gillis-Harry, according to NAN. Gillis-Harry linked […]

FG hails progress in Naira-for-Crude policy, vows continued support
Oil and Gas

Unstable petrol prices endangering businesses, oil marketers warn

Oil marketers under the aegis of the Petroleum Products Retail Outlets Association of Nigeria has raised concerns over the impact of unstable petrol prices on their businesses nationwide. This follows the ongoing price war between NNPC Limited and Dangote Petroleum Refinery, with both companies reducing pump prices at their outlets and for partners. This was […]

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Oil marketers threaten strike over N100bn debt, issue ultimatum

The Depot Chairmen Forum of the Independent Petroleum Marketers Association of Nigeria has issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority to settle outstanding bridging claims exceeding N100 billion. The forum, in a communiqué issued in Abuja by its Chairman, Yahaya Alhassan, warned that if the NMDPRA fails to comply, […]

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SON, NMDPRA responsible for certifying imported petrol – Oil Marketers

The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority are responsible for certifying imported Premium Motor Spirit, commonly known as petrol, according to oil marketers. This statement came in response to claims by Dangote Petroleum Refinery that off-spec petroleum products were being imported into the country by dealers. On Tuesday, […]

Dangote Refinery loses N32.5bn after petrol price cut
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Oil marketers drag Dangote to court for opposing fuel importation

Three oil companies, Matrix Petroleum Services Limited, A.A. Rano Limited, and AYM Shafa Limited, have approached the Federal High Court in Abuja with a legal request to prevent the Nigeria Midstream and Downstream Petroleum Regulatory Authority from reviewing or withdrawing their import licenses. The companies argue that such actions would undermine energy security and disrupt […]

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