PETROAN
PETROAN Slams NNPC Over Port Harcourt Refinery Control
In a bold critique of the Nigerian National Petroleum Company Limited (NNPC), the National Publicity Secretary of the Petroleum Products and Retail Outlets Owners Association of Nigeria (PETROAN), Joseph Obele, has publicly opposed the company’s decision to retain control of the Port Harcourt Refinery. Obele, who is also a university lecturer and key stakeholder in […]
Marketers Warn as Dangote Moves to Supply Fuel Directly
Leading oil marketers have raised alarm over the Dangote Petroleum Refinery‘s plan to bypass traditional distribution channels by supplying refined products directly to large consumers nationwide. The move, they warn, could trigger widespread disruption, threaten existing supply networks, and displace thousands of workers across the petroleum value chain. The Natural Oil and Gas Suppliers Association […]
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 […]
Fuel Ban Fears Spark Dangote, Marketers Clash
The looming possibility of a fuel import ban in Nigeria has reignited tensions between the Dangote Petroleum Refinery and key petroleum marketers, sparking fears that petrol prices could skyrocket to N1,500 per litre if importation is halted. This warning came from the Independent Petroleum Marketers Association of Nigeria (IPMAN), which urged President Bola Tinubu to […]
Dangote: Cabals Still Sabotaging Our Refinery Efforts
Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has raised fresh concerns over ongoing sabotage attempts against his $20 billion refinery in Lekki, Lagos, blaming entrenched interests profiting from Nigeria’s decades-long dependence on fuel importation. Speaking at an investor forum in Lagos on Friday, Dangote declared that while the fight to operationalize […]
Petrol Landing Cost Now N870, Exceeds Dangote Price
The cost of importing Premium Motor Spirit (PMS), commonly known as petrol, has surged to an average of N870 per litre, reports from the Major Energies Marketers Association of Nigeria (MEMAN) revealed. This new development has resulted in the landing cost of petrol exceeding the price offered by the Dangote Petroleum Refinery, which has been […]