Downstream

•Transport fares rise by over 200%•Transporters lament impact on business•Nigeria becoming failed state — PENGASSAN The prolonged petrol scarcity worsened in Lagos, Ogun and other states, yesterday, as independent marketers started…
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Former Minister of Education, Dr. Oby Ezekwesili, has criticized President Bola Ahmed Tinubu’s removal of fuel subsidy, asserting that it is insufficient without comprehensive reforms in the petroleum sector. During an interview on…
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The Nigerian National Petroleum Corporation (NNPC) Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPC’s vice-president (downstream),…
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Since President Bola Tinubu announced the suspension of subsidy payments on Premium Motor Spirit (PMS) during his inaugural address in May last year, there has been widespread speculation regarding whether the subsidy on the product…
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Petroleum Oil marketers in Nigeria have attributed the current fuel scarcity in the country to the lingering logistics challenges. The President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy…
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By William Emmanuel Ukpoju The cost of fuel is a crucial aspect of a nation's economy, affecting everything from household expenses to transportation and goods production. In Nigeria, the price of Premium Motor Spirit (Petrol) has…
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Anti-pipeline Vandalisation/Oil Theft Task Force comprising ex-militant leaders drawn from crude oil producing communities in the six states of the Niger Delta region have accused some unpatriotic petroleum marketers of being engaged…
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Fuel queues linger in Abuja, the Federal Capital Territory of Nigeria as residents search for petrol to power their businesses. BusinessDay’s visit to some filling stations showed that the price of PMS ranges from N617 to N980 per…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has directed gas stations across the country to halt selling of petrol, in jerrycans. INFORMATION NIGERIA reports that NMDPRA’s directive is coming, amid ongoing…
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Petrol supply continues to fluctuate across Nigeria, leading many filling stations to remain closed or unable to dispense the product. Investigations reveal that in the Federal Capital Territory (FCT), petrol is priced close to…
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