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Tag: PETROAN

Business

PETROAN backs W’Bank fuel import call to boost competition

The Petroleum Products Retail Outlets Owners Association of Nigeria has endorsed the World Bank’s recommendation that Nigeria permit the importation of petroleum products, stating that the move would boost competition and help stabilise prices in the downstream sector. In its Nigeria Development Update report released on April 7, the World Bank urged the country to […]

Business

Escalating Middle East tensions may trigger petrol price surge nationwide – PETROAN

Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria have cautioned that ongoing military tensions involving the United States, Iran, and Israel may disrupt petrol supply and drive prices up. The warning was issued in a press statement by PETROAN’s National Public Relations Officer, referencing remarks from the association’s National President, Dr. […]

Oil and Gas

PETROAN urges private sector takeover of state-owned refineries

The Petroleum Products Retail Outlets Owners Association of Nigeria has reiterated its call for the privatisation of the country’s four state-owned refineries, urging the Federal Government to complete the process transparently by the first quarter of 2026. The association stated that privatising the Nigerian National Petroleum Company Limited-operated refineries in a timely manner would relieve […]

featured

Dangote fuel rollout may create hidden monopoly, PETROAN warns

The Petroleum Products Retail Outlets Owners Association of Nigeria has raised concerns that Dangote Refinery’s plan to distribute diesel and petrol nationwide, starting August 15, could result in a hidden monopoly in the market. Recall Dangote Refinery announced that it will start nationwide distribution of diesel and premium motor spirit, commonly called petrol, beginning August […]

Oil and Gas

PETROAN accuses local refineries of importing substandard crude Oil

The Petroleum Products Retail Outlet Owners Association of Nigeria has accused some local refineries of importing substandard crude oil to cut costs. Speaking on Thursday, PETROAN’s National Publicity Secretary, Joseph Obele, alleged that these refineries are bringing in crude with high sulphur content, which poses serious environmental and health risks, according to The Punch. When […]

Oil and Gas

Dangote still selling fuel in naira – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria on Wednesday confirmed that Dangote Refinery has not yet started selling petroleum products in dollars, despite earlier concerns. PETROAN President, Billy Gillis-Harry, stated on Arise Television that members of the association are still purchasing products in naira. Gillis-Harry said that despite talks of a possible suspension, […]

News

PETROAN backs multiple petroleum sources, calls for fair competition

The Petroleum Products Retail Outlets Owners Association of Nigeria announced on Monday its support for sourcing petroleum products from multiple channels, including imports. In a statement issued in Abuja, PETROAN said it had consulted key stakeholders in the petroleum sector and decided to support healthy competition and price stability in the downstream industry. ““To this […]

News

Dangote petrol price cut will help ease inflation — PETROAN

The Petroleum Retailers Outlet Owners Association of Nigeria has said the recent petrol price cuts by Dangote Refinery and NNPC filling stations will help reduce inflation by lowering transportation and production costs. The group, led by Dr. Billy Gillis-Harry, on Monday praised NNPC for lowering its price from N920 to N875 per litre. However, in […]

News

Dangote: Petrol price won’t drop instantly, PETROAN tells Nigerians

The Petroleum Products Retail Outlets Owners Association of Nigeria has indicated that the expected reduction in pump prices due to the recent ex-depot price cut by Dangote Refinery may not be immediately reflected at retail stations across the country. The National President of PETROAN, Billy Gillis-Harry, acknowledged the reduction in ex-depot prices by Dangote but […]

News

Dangote: PETROAN urges marketers to slash petrol prices

The Petroleum Products Retail Outlets Owners Association of Nigeria has called on marketers to lower the price of Premium Motor Spirit, or petrol, in light of the Dangote Refinery’s decision to reduce the ex-depot price from N950 to N890 per litre. Dangote refinery in a statement released on Saturday by the Group Chief Branding and […]

News

PETROAN partners Dangote refinery for PMS distribution

The Petroleum Products Retail Outlet Owners Association of Nigeria has announced that it has signed an agreement to begin distributing premium motor spirit from Dangote Refinery. This was disclosed by the National President of PETROAN, Billy Gillis-Harry, on Tuesday. Gillis-Harry stated that PETROAN will begin distributing Dangote Refinery’s premium motor spirit nationwide. He also emphasized […]

News

PETROAN denies seeking free money from FG, explains N10bn request

The Petroleum Product Retail Outlet Owners Association of Nigeria has clarified that the N100 billion it requested from President Bola Tinubu is intended as a loan and not a non-repayable grant. This follows its initial request, which sought the funds to support its members in mitigating the impact of fuel subsidy removal on their operations. […]

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