Tag: fuel prices
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West African regulators have planned to create a new forum to harmonize fuel prices and boost petroleum product trading across the region. This was a key outcome of the inaugural West African Refined Fuel Market Conference held in Abuja, organized by Nigeria’s NMDPRA Nigeria’s Midstream and Downstream value chain and S&P Global. The conference focused…
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Oil marketers and industry stakeholders have supported the proposed sale of Nigeria’s refineries under NNPC management, emphasizing the need for transparency, inclusion, and accountability. They believe that privatizing the Port Harcourt, Warri, and Kaduna refineries—whose rehabilitation has cost trillions of naira with limited results—will promote competition, better pricing, and address financial losses. NNPC CEO Bayo…
