Marketers are calling for direct access to fuel from the Dangote refinery, opposing NNPC's exclusive role as the sole buyer at N766/litre. Concerns rise over a potential domestic monopoly and lack of pricing transparency, as Dangote prepares to supply 25 million litres of petrol daily.
In the...
Oil marketers have advised President Bola Tinubu to consider a gradual relaxation of the subsidy removal on Premium Motor Spirit (PMS) due to challenges faced by importers in accessing United States dollars. This comes as President Tinubu has ruled out a fuel price hike and a reversal of the...
Independent petroleum marketers in Lagos have threatened to withdraw their services from December 11, over the alleged breach of agreement by the Nigerian National Petroleum Corporation (NNPC).
The marketers in the state, claim the NNPC has defaulted in a bulk purchase agreement to sell fuel to...
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The Federal Government last night ordered the payment of the N150 billion Petroleum Equalisation Fund owed petroleum marketers.
The order followed a meeting between the Chief of Staff to the President, Mr Abba Kyari, and the stakeholders in the petroleum sector.
This was the outcome of a...
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