Tag: marketers
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Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery aims to release up to 600 million litres of petrol monthly to help stabilize Nigeria’s domestic supply and reduce recent pump price surges. Also, A new distribution framework is being finalized with 20 selected marketers to facilitate this effort. The initiative follows a strategic…
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has declared a nationwide strike starting today Monday, in response to the dismissal of over 800 workers at the Dangote Petroleum Refinery, which the union claims violates labor laws and international conventions. The strike involves halting crude oil and gas supplies to the…
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Despite a decline in crude oil prices, Nigerian petrol stations have increased pump prices to N900 per litre and above, with some outlets selling as high as N925. This price hike has occurred across Lagos, Ogun, and other regions, even though crude prices dropped from nearly $69 to $66 per barrel. According to reports, Major…
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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…
