Oil major identifies measures to deepen safe fuel distribution practice
To ensure safe transportation of petroleum products in the country, Total Nigeria PLC (TNPLC) has advocated the adoption of holistic measures that audit the product distribution value-chain...
‘Poor implementation of downstream reforms responsible for fuel price dilemma’
As the Federal Government seeks ways out of the fuel price dilemma due to rise in oil prices, Major Oil Marketers Association of Nigeria (MOMAN) has stated that the poor implementation of downstream reforms is responsible for the present dilemma.
Oil marketers call for full deregulation, buffer against price hike
The Major Oil Marketers Association of Nigeria (MOMAN) has reiterated a call for full deregulation of the downstream sector. It also suggested that buffers could be created to mitigate the adverse effects of the imminent rise in the price of premium motor spirit.
Nigeria to upgrade oil downstream sector, says DPR
The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard.
Fuel pump price remains high as oil sells for $37/b
Despite crude oil prices falling to $36 per barrel in the last few days, Premium Motor Spirit (PMS) is still being sold at between N159 to N162 per litre across the country, by petroleum marketers.
Stakeholders seek solution to haulage of petroleum products
Key stakeholders in the petroleum, transport and logistics sector have raised concerns about the recurring cases of tanker accidents in Nigeria, and called for an end to the development.
Marketers hopeful deregulation, gas policies will bolster refining activities
Nigeria can develop into the refining hub for West and Central Africa, therefore becoming a net exporter of refined products following the Federal Government’s new...
Forex constraints: association says NNPC may continue as major importer of petroleum products
The Major Oil Marketers Association of Nigeria (MOMAN) has said that the NNPC may continue as the major importer of petroleum products, due to foreign exchange constraints by its members.
‘Government still flirting with subsidy despite deregulation claims’
Oil marketers have said the inability of the Federal Government to unveil legislation that will support claims of deregulation shows that it is still flirting with subsidy, and might be unwilling to adjust prices when oil prices hit certain benchmarks.