•Fuel pump Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said this cost factors in various expenses including shipping, import duties, and exchange rates, reports The PUNCH. The amount is a considerable reduction of N32.35 from the N955 per litre offered at [&hell...
•Port Harcourt refinery Oil marketers have outlined the conditions that will make them patronise the newly rehabilitated Port Harcourt Refinery Company in Rivers State. PHRC, under the management of the Nigerian National Petroleum Company Limited, must dispense its refined petroleum products below the prices of the Dangote Petroleum Refinery, ...
The Nigeria Union of Petroleum and Natural Gas Workers has dissociated itself from a group claiming to be an association of oil and gas transporters and marketers. NUPENG said the body lacks legal recognition, pointing out that members of the said group are seeking to exploit unsuspecting Nigerians. National President of NUPENG, Williams Akpor...
•Dangote Petroleum Products Retail outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of trying to suppress competitors in the downstream sector. The marketers’ accusation follows Dangote Refinery’s claim that marketers are complaining of its petrol pricing because they want to import substandard products at cheaper r...
•Dangote The chairman of Dangote Group, Aliko Dangote, has blamed the persistent shortages and long queues at filling stations across Nigeria on the failure of marketers to lift the products from his refinery. Speaking in an interview with correspondents at the Presidential Villa, Abuja today, he emphasised the refinery’s capacity to meet the ...
•Fuel scarcity As fuel consumption plummets nationwide due to soaring prices, oil marketers have expressed concerns over significant losses, with around 10,000 oil dealers about to shut down. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that fuel consumption dropped to 4.5 million litres per day in Au...
•Dangote Refinery The federal government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement today, the Minister ...
•Catholic bishops The Catholic Archbishop of Ibadan Archdiocese, His Grace, Most Rev. Gabriel Abegunrin, has urged the Tinubu-led federal government to allow Dangote Refinery sell petrol directly to marketers. The Archbishop made the remark today in Ibadan at a news briefing organised by the Archdiocese on the occasion of his 75th birthday ann...
•Oil vessel It has been revealed that three major oil marketers are expecting vessels of imported Premium Motor Spirit, popularly called petrol, this week barring any unforeseen circumstance, it was gathered yesterday. Dealers said about 141 million litres of PMS are being conveyed to Nigeria by the vessels following the full deregulation of t...
•Trucks line up for Dangote refinery fuel The price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited on Monday may justify the importation of the commodity into Nigeria, oil marketers have said. Dealers also stated that vessels of import...
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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