The Petroleum Products Retail Owners Association of Nigeria (PETROAN), has urged President Bola Ahmed Tinubu to be cautious with its proposed implementation of the ban on foreign goods imports. This comes as PETROAN said the ban on foreign goods, which heralded the Nigeria First Policy, may lead to an increase in the prices of premium motor spirit and other imported …

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has alleged that some local refineries are importing substandard crude into Nigeria to cut costs. PETROAN National Publicity Secretary, Mr. Joseph Obele said on Thursday that the refineries have been importing crude oil with high sulphur content into Nigeria. Asked to mention some of the refineries, Obele declined, saying the …

In a move that could drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 from Saturday. It said the price adjustment was in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. A statement …

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 …

  The pump prices of Premium Motor Spirit (PMS), popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude …

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 …

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 …

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The spokesperson for PETROAN, Joseph Obele, made this call in a statement on Thursday. This comes after Dangote Refinery reduced its ex-depot petrol price to N899.50 per …

The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging. A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by newsmen claimed that the refinery was undergoing calibration …

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, according to Saturday PUNCH. A highly credible source, who confirmed this exclusively to Saturday PUNCH on Friday, said the management of the 650,000-barrel per-day capacity refinery was at advanced stages of talks with the countries to start lifting fuel. It was gathered that …