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Oil marketers have confirmed that they will start lifting Premium Motor Spirit (petrol), from the Dangote Refinery next week. While some revealed that they had started sending trucks to the Lagos-based multi-billion dollar plant to load products from Sunday, others stated that their tankers would hit the refinery any day from next week. It was
The continuous upward climb of the foreign exchange in the country is heavily impacting on the downstream oil sector with many major marketers shutting down their fuel filling stations because of their inability to import the product. The Nigerian Midstream Downstream Regulatory Authority (NMDPRA) Chief Executive, Mr Farouk Ahmed, last week at the Oil Trading
Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting from July. The National Controller Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The PUNCH on Wednesday that prices could rise to above N700 in the north once independent marketers start importing products from
Private fuel marketers have yet to reduce the pump price of Premium Motor Spirit ( petrol ) , while retail stations belonging to the Nigerian National Petroleum Corporation have started selling at N 125 per litre . The PUNCH correspondent, who visited several filling stations including Oando, Mobil and Capital Oil and Gas on the