fuel prices Nigeria
Fuel Marketers Approve Refinery Divestment, Project Price Relief
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries under the management of the Nigerian National Petroleum Company Limited (NNPC Ltd), citing the potential for increased market competition, operational efficiency, and ultimately lower fuel prices for consumers. Their reactions follow the candid remarks by NNPC’s […]
Marketers Import N436bn Petrol as Rift with Dangote Deepens
Nigeria’s downstream petroleum sector is gripped by a new wave of tension as independent oil marketers have resumed large-scale petrol importation, sidelining the $20bn Dangote Petroleum Refinery despite its growing production output. In just nine days, over 496 million litres of Premium Motor Spirit (PMS) valued at approximately N436.37bn were imported into the country, reinforcing […]