Tag: downstream oil sector

Petrol price war erupts as retailers slash rates along Lagos–Ibadan expressway

Business Damilola Bayonle -
Petrol retailers along the busy Lagos–Ibadan Expressway are stepping up price competition, slashing pump prices in a bid to...

Petrol hits N910/litre as Dangote Refinery slaps extra N100 on marketers

News Damilola Bayonle -
Petroleum marketers sourcing Premium Motor Spirit (PMS) from the Dangote Refinery have been directed to pay an additional N100...

Imported petrol undercuts Dangote as new price war Looms in Nigeria’s fuel market

Business Damilola Bayonle -
Nigeria’s downstream petroleum market has entered a new and potentially disruptive phase as imported Premium Motor Spirit (PMS) has...

IPMAN pushes pump price compliance as Dangote franchise stations await supply

Business Damilola Bayonle -
IPMAN Pump Price Compliance The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to retail outlets receiving direct supply...

Femi Otedola backs Tinubu’s 15% import duty on petrol to protect local refineries

Business Damilola Bayonle -
⁶Billionaire businessman and energy investor, Femi Otedola, has commended President Bola Ahmed Tinubu for introducing a 15% import duty...

Fuel Imports Rise to 71% as Marketers Abandon Local Refineries

Business Damilola Bayonle -
In a striking development within Nigeria’s oil and gas sector, new data from the Nigerian Midstream and Downstream Petroleum...

Fuel Marketers Approve Refinery Divestment, Project Price Relief

Business Damilola Bayonle -
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries...

Marketers Import N436bn Petrol as Rift with Dangote Deepens

Business Damilola Bayonle -
Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale...

Marketers Spend N2.4tn on Petrol Imports to Counter Dangote Output

Business Damilola Bayonle -
A fresh round of competition has intensified in Nigeria’s downstream petroleum sector as independent marketers reportedly imported petrol worth...