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Dangote Refinery stops petrol sales to marketers who import fuel

The Dangote Petroleum Refinery has ended the supply of Premium Motor Spirit, commonly called petrol, to major marketers who import petroleum products into Nigeria. The PUNCH reported that an official of the refinery confirmed the development, explaining that petrol would no longer be sold to those who blend Dangote fuel with imported grades. “We are […]

Oil and Gas

Auditor-General uncovers ₦432bn debt owed to NMDPRA by marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is facing renewed scrutiny after the Office of the Auditor-General for the Federation uncovered more than N432 billion in unpaid debts, statutory levies and other outstanding obligations linked to petroleum marketers. The bulk of the liabilities, amounting to N431.01 billion, consisted of legacy National Transport Average and […]

Policy and Regulations

Marketers threaten shutdown if FG enforces petrol price control

Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, issued the warning on Tuesday during an interview with Vanguard. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, […]

Oil and Gas

PETROAN urges marketers to reflect crude price drop

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged refiners, depot owners and fuel importers to reflect the recent drop in global crude oil prices in ex-depot and pump prices of petroleum products. Vanguard reported that the National President of PETROAN, Mr Billy Gillis-Harry, made the call in a statement on Friday in […]

News

Marketers import fuel as Dangote struggles to meet demand

No fewer than four vessels carrying Premium Motor Spirit, commonly known as petrol, arrived at Nigerian seaports between Friday, October 18, and Sunday, October 20, according to reports by The PUNCH. The ships delivered about 123.4 million litres of petrol to bolster the nation’s fuel supply. The vessels berthed at ports in Lagos and Cross […]

News Oil and Gas

No PMS price deal yet with Dangote refinery – Marketers

Oil marketers are anticipating the Dangote Petroleum Refinery’s release of Premium Motor Spirit, or petrol, as they disclosed that the refinery management have not yet finalised a PMS price arrangement with petrol marketers, according to The Punch. According to reports on Sunday, the Dangote refinery has once more pushed forward the delivery date of petrol […]

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