Stakeholders in Nigeria’s economy have implored refiners, depot owners, and fuel importers to reduce their prices. They say international crude oil prices have dropped, so pump prices and ex-depot costs should also be reduced, reports Daily Independent. The National President of The Petroleum Products Retail Outlets Owners Association of Niger...
•Crude oil pipeline Aviation Safety Roundtable Initiative (ASRTI) has called on the federal government to adopt a fuel-for-stability programme that will allocate crude oil directly to local refiners to produce aviation fuel. The group said it would eliminate the alleged N60 billion subsidy scheme to the airlines and provide lasting relief to N...
•Tinubu Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking to end government price controls due to subsidies. The Major Energies Marketers Association of Nigeria, in collaboration with the Depot and Petroleum Products Marketers Association of Nigeria, Crude Oil...
Owners of refineries in Nigeria have said that the country cannot continue to keep the businesses of fuel importers anymore, stating that Nigeria should be talking about fuel export at the moment. Speaking under the auspices of the crude-oil Refineries-owners Association of Nigeria (CORAN), they stated this amid complaints by depot owners that...
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