Independent oil marketers in Nigeria have imported approximately ₦436 billion worth of petrol within just nine days, highlighting escalating tensions with the Dangote Petroleum Refinery over pricing and supply dynamics. ...
The Dangote Petroleum Refinery has firmly refuted claims by oil marketers suggesting it lacks the capacity to meet Nigeria's domestic fuel demand. In response to these assertions, the refinery emphasised ...
A Federal High Court in Abuja has dismissed the Federal Competition and Consumer Protection Commission’s (FCCPC) attempt to join a legal battle initiated by Dangote Petroleum Refinery. The refinery filed ...
The Nigerian downstream oil sector is currently witnessing a significant price competition between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, leading to substantial challenges for independent oil ...
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), which represents Nigerian oil marketers, has pushed the Federal Government to privatise state-owned refineries, particularly the Warri and Kaduna refineries, ...
According to data from the National Bureau of Statistics (NBS), the average price of diesel in Nigeria surged by 1.93% in August 2024, reaching N1,406.05 per liter. This increase comes ...
In just five months, petroleum product marketers have removed 518,500 metric tonnes of diesel and aviation fuel (Jet A1) from the Dangote Refinery, accounting for 60% of all truck outs ...
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, says it has issued a total of 94 importation licences to oil marketers. This was revealed by the ...
Oil marketers have asked the Federal Government to implement a transition plan in preparation for fuel subsidy removal after May 29. While speaking with Sunday PUNCH on the sidelines of the just-concluded ...
Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank ...
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