Despite intense competition in the downstream sector, many oil marketers have resisted the pressure to reduce the retail prices of Premium Motor Spirit, PMS, also known as petrol below the Dangote Petroleum Refinery price of N739 per litre. The Dangote Refinery had slashed petrol pump prices from about N900 to N739 last December, thus putting ...
•Dangote Refinery The fuel supply arrangement between the Dangote Petroleum Refinery and 20 major petroleum marketers, under which the parties agreed to offtake 600 million litres of petrol monthly, has collapsed over pricing disagreements. It was also gathered that the disagreement sparked the surge in petrol importation witnessed in the mont...
•A fuel attendant Marketers and some stakeholders in the downstream sector of the oil and gas industry yesterday welcomed the suspension of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), also known as petrol and diesel. They said the import levy is not feasible until […]
•Cooking gas The price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, has remained high despite assurances from marketers that the product will return to its pre-October price range of N950 to N1,000 per kilogram (kg). A visit to some gas stations in Lagos shows that the product was sold yesterday at between […]
•Oil Marketers Amid worsening supply challenges and rising pump prices, petroleum marketers have begun moves to import petrol independently as the commodity moved close to the N1,000 per litre mark across major cities in the country. Marketers said supply constraints and production glitches at the Dangote Petroleum Refinery sparked fresh press...
•Queue at Cooking Gas Depot Nigerians have expressed concern over another hike in the price of cooking gas, with a kilogram now selling for as high as ₦2,000 in some parts of the country. According to gas marketers, the increase has little to do with any official price adjustment. The Nigerian Association of Liquefied Petroleum […]
•Fuel pump Nigerians may face tougher days ahead as the nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria, beginning from today (Monday), threatens to unleash a twin blow of soaring petrol prices and widespread electricity blackouts. The union’s directive to halt crude oil and gas supplies to the D...
•Fuel scarcity The Petroleum Products Retail Outlet Owners Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria have asked President Bola Tinubu and other stakeholders to intervene in the dispute between the Nigeria Union of Petroleum and Natural Gas Workers and the Dangote Refinery. But the Nigeria Labour Cong...
•Dangote Just one day before the commencement of Dangote Petroleum Refinery’s direct fuel distribution scheme, marketers and tanker drivers said they had met with the company amid fears that they might be sent out of business. The refinery would start its direct fuel distribution tomorrow, Friday, August 15, having received some of the 4,000 C...
•A petrol filling station Filling stations have raised their pump prices for petrol to N900/litre and above despite a decline in the cost of crude oil since Sunday. Some retail outlets owned by the Nigerian National Petroleum Company Limited raised petrol prices to N900 per litre in Lagos and Ogun, even as crude prices dropped […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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