Petrol Price Could Hit ₦2,000/litre If US-Iran War Persists, PETROAN Warns
The Petroleum Products Retail Outlets Owners Association of Nigeria has warned that petrol prices in Nigeria could rise sharply if the ongoing conflict in the Middle East continues. According to the association, the price of petrol may climb to around ₦2,000 per litre in the coming weeks. The National President of PETROAN, Billy Gillis-Harry, said […]
Sell Port Harcourt, three other NNPCL refineries in 2026 – PETROAN to Nigerian Govt
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has advised the Federal Government to sell the Port Harcourt refinery along with three other refineries operated by the Nigerian National Petroleum Company Limited (NNPCL) in 2026. The group believes that private sector control will improve efficiency and reduce the burden on government resources. PETROAN […]
Nigerian petrol retailers, PETROAN, back Tinubu’s 15 percent import duty on petrol
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has expressed full support for President Bola Ahmed Tinubu’s decision to impose a 15 percent import duty on petrol. The association stated that the policy would help strengthen Nigeria’s petroleum sector and boost government revenue. PETROAN noted that although the policy may come with challenges, it […]
Fuel price drop imminent as marketers resume loading at Dangote Refinery
Nigerians may soon experience a drop in fuel prices as petroleum marketers confirm that loading activities have resumed at the Dangote Refinery. This development follows weeks of fuel supply shortages and rising pump prices across the country. The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, told DAILY POST that its […]
Petrol price cut: Dangote Refinery mum over failed fuel distribution deadline
The Dangote Refinery has stayed quiet after failing to meet its own August 15, 2025 deadline to begin distributing petrol and diesel across Nigeria. In June, the company had announced a plan to roll out 4,000 compressed natural gas (CNG) trucks for fuel distribution, an investment that would cost about ₦720 billion every year. The […]
Fuel price nears N1,000 per litre in Nigeria as marketers, retailers trade blame
Fuel prices across Nigeria are nearing N1,000 per litre, sparking blame between petroleum marketers and retail fuel station owners. As Nigerians struggle with the rising cost of living, this increase in fuel prices is only adding more pressure. Earlier this week, it was reported that the Nigerian National Petroleum Company Limited (NNPCL) increased fuel prices […]
Kaduna refinery delay unacceptable – PETROAN tells NNPC
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns about the long delay in fixing the Kaduna Refinery. They are calling on the Nigerian National Petroleum Company (NNPC) Limited to give Nigerians a clear date for when the project will be completed. Even though the government has made many promises, the […]
Dangote Refinery: Why fuel price may hit above N1,000 per litre – PETROAN President, Gillis-Harry
Petrol prices in Nigeria have recently increased from N860–N880 to between N930 and N960 per litre at some filling stations, including those owned by Dangote Refinery’s partners. According to Billy Gillis-Harry, the President of the Petroleum Retailers Outlets Owners Association of Nigeria (PETROAN), the price may soon hit N1,000 per litre. He shared his insights […]
PETROAN intervenes to halt Nigeria shutdown over unpaid N100bn bridging claim
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has taken action to prevent a nationwide fuel crisis by engaging the government over unpaid bridging claims. PETROAN’s President, Billy Gillis-Harry, said the association has started discussions with the Nigerian government to ensure the payment of N100 billion owed to petroleum marketers. This move comes […]
We’ve commenced fuel lifting from Port Harcourt, Warri refineries – PETROAN
The Petroleum Products Retail Outlet Owners Association (PETROAN) has confirmed that fuel lifting has begun at both the Port Harcourt and Warri refineries. According to PETROAN spokesperson Joseph Obele, members have started loading various petroleum products, including dual-purpose kerosene, automotive gas oil, and premium motor spirits. This update comes after reports of a shutdown at […]