Tag: marketer

  • MARKETERS SUPPORT SALE OF REFINERIES, PROJECT LOWER FUEL PRICES

    MARKETERS SUPPORT SALE OF REFINERIES, PROJECT LOWER FUEL PRICES

    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…

  • MARKETERS IGNORE DANGOTE’S PETROL CUT, MAINTAIN HIGH PUMP PRICES

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    Despite the Dangote Petroleum Refinery reducing its ex-depot petrol price from N880 to N840 per litre on June 30, many fuel marketers are hesitant to lower their pump prices, fearing potential losses. Marketers explained that they could only consider price reductions after selling off their existing stock purchased at higher prices, around N900 per litre.…