
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
Conoil Producing, led by Mike Adenuga, launched Nigeria’s newest crude oil blend, Obodo, into international market, marking a major milestone in the energy sector.
Oil marketers are still importing Premium Motor Spirit (PMS), also known as petrol, despite the Dangote petroleum refinery and other local options available.
Seplat Energy, Aradel Holdings, TotalEnergies, and two other oil companies have emerged as the highest-grossing firms in the oil sector and their CEOs highest paid.
Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlet Owners Association of Nigeria warned against a ban on fuel imports.
According to ship-tracking data, about five vessels, carrying 103,800 mt of petrol, discharged petrol for five oil marketers, including AA Rano and BOVAA oil.
Petroleum product marketers have crashed their prices further due to competition and falling crude costs, Notably, NIPCO, Dangote and Rainoil have cut prices.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised an alarm regarding plans by the Nigerian government to ban fuel imports.
There are new fuel prices at filling stations, especially in Abuja, as global crude oil prices drop and the Independent Petroleum Marketers confirms the link
Dangote Refinery and several other petroluem marketers have made adjustments in petrol price changes in response to responds to a decline in crude oil prices.
Energy
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