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Home Tag Archives: Marketers

Tag Archives: Marketers

News

Marketers lament losses as NNPCL cuts petrol price to N880/litre

By Breezynews
22 April 2025
in :  News
0
8

Petroleum product marketers on Monday lamented their losses as the Nigerian National Petroleum Company Limited (NNPCL) reduced the price of Premium Motor Spirit (petrol) to N880 per litre in Lagos and N935 in Abuja. From N925, some NNPCL retail outlets in Lagos changed their pump price to N880 on Easter Monday, while those in Abuja adjusted from N950 to N935. …

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News

N6t fuel import in 5 months leaves marketers worried

By Breezynews
7 March 2025
in :  News, Oil & Gas
0
0

Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in five months. But independent marketers and retailers, through their various associations, kicked against the development, as the importation of these commodities gulped about N6tn, a development …

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Oil & Gas

Marketers may consider dumping Dangote fuel as imported petrol reaches N922/litre

By Breezynews
27 January 2025
in :  Oil & Gas
0
8

Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said this cost factors in various expenses including shipping, import duties, and exchange rates. The amount is a considerable reduction of N32.35 from the N955 per litre offered at the loading gantry of the Dangote Petroleum Refinery. This decrease …

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Oil & Gas

Queues return to filling stations amid petrol price hike

By Breezynews
19 January 2025
in :  Oil & Gas
0
3

Oil marketers have declared that filling stations should not be blamed for the hike in the pump prices of Premium Motor Spirit (PMS), popularly called petrol, as queues for the commodity surfaced in various locations on Saturday. Many filling stations in Lagos, Ogun, Abuja, and Port Harcourt, among others, were closed on Saturday, as dealers explained that they were monitoring …

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Oil & Gas

Depots increase petrol price to N950/litre

By Breezynews
14 January 2025
in :  Oil & Gas
0
41

The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. The PUNCH gathered that marketers raised petrol and diesel prices at depots by N43 or 4.74 per cent due to the rising crude oil prices. Earlier, the cost of Brent, the global benchmark for crude, reached $79.76 per barrel on Sunday. …

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Oil & Gas

Marketers beg FG for N100b loan to rescue 10,000 businesses

By Breezynews
6 January 2025
in :  Oil & Gas
0
5

Still bleeding from the effect of the removal of fuel subsidy, marketers under the auspices of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), have urged the Federal Government to provide its members a N100 billion grant in order to prevent the imminent closure of about 10,000 fuel retail outlets. In a position paper to the Federal Government …

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Oil & Gas

Marketers in suspense as NNPCL, Dangote refinery reduce petrol price

By Breezynews
22 December 2024
in :  Oil & Gas
0
6

Intense pricing competition emerged in the nation’s downstream sector on Saturday after the Nigerian National Petroleum Company Limited (NNPCL) reduced its ex-depot price of Premium Motor Spirit (PMS), commonly referred to as petrol, to N899 per litre. This decision, coming days after the Dangote Refinery reduced its price to N899, was confirmed by the Petroleum Products Retail Outlets Owners Association …

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Business

Marketers drag Dangote to court, insist on petrol import

By Breezynews
7 November 2024
in :  Business, Oil & Gas
0
80

Three oil marketers – AYM Shafa Limited, A. A. Rano Limited, and Matrix Petroleum Services Limited – have asked the Federal High Court in Abuja to dismiss a suit filed by Dangote Petroleum Refinery and Petrochemicals. The marketers, in a joint counter affidavit marked: FHC/ABJ/CS/1324/2024, and dated 5 November 2024, a response to an originating summon filed by Dangote Petroleum …

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News

Sanwo-Olu empowers 1,200 artisans with work tools after skill acquisition programme

By Breezynews
6 November 2024
in :  News
0
4

Mrs. Bateren Nofisat Yinka, 50, is one of the six artisans honoured by Governor Babajide Sanwo-Olu as the Best Graduating Tradesmen in the just-concluded up-skilling programme taken across the Lagos State Skill Acquisition Centres. The trader, nominated for the course by Bamboo Marketers Association, was one of the 1,200 artisans and tradesmen across Lagos who took the intensive eight-week vocational …

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Oil & Gas

Marketers plan to sell petrol below N1,028/litre

By Breezynews
2 November 2024
in :  Oil & Gas
0
42

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit (PMS), popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as well as the price being sold by NNPC …

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