Tag: marketers
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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…
