Nigerians lament as Dangote, PETROAN cite global crude prices for fuel hike
Nigerians are grappling with yet another rise in fuel prices, leaving many concerned about its ripple effects on daily living. Both Dangote Refinery and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) have pointed to higher global crude oil prices as the primary reason behind the increase. On Friday, fuel prices jumped nationwide. Dangote […]
PETROAN: We Requested ₦100 Billion From FG To Make Petroleum Products Affordable
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has requested a ₦100 billion intervention fund from the Nigerian government. The aim is to stabilize the petroleum market, making petroleum products more affordable and accessible to Nigerians. PETROAN’s President, Dr. Billy Gillis-Harry, explained in an interview on Arise TV that the ₦100 billion fund […]
Marketers upbeat on further fuel price cut as Tinubu stamps subsidy removal
Nigeria’s oil marketers are hopeful that petrol prices will continue to fall in the coming days. Currently, prices are between N935 and N965 per litre, with some stations in Abuja offering the lower prices. This price drop follows President Bola Ahmed Tinubu’s decision to remove the fuel subsidy, a move he says was necessary to […]
Dangote Petrol: IPMAN and PETROAN Suggest Potential Price Decrease
Nigeria has been grappling with soaring fuel prices, but a glimmer of hope is on the horizon as petroleum marketers prepare to buy petrol directly from the Dangote Refinery. With the Nigerian National Petroleum Company Limited (NNPC) no longer acting as a middleman, this shift is expected to reduce the cost of fuel for Nigerian […]
Petrol Prices in Nigeria Could Increase Again, According to Marketers
Nigerians might soon see an increase in petrol prices. Oil marketers are raising concerns due to the rising cost of crude oil, which has hit around $78 per barrel. This situation could lead to more challenges for people who rely on petrol for their daily needs. Billy Gillis-Harry, the President of the Petroleum Products Retail […]
We’ll Supply Only what We Have – Oil Marketers – Fuel scarcity
Nigeria is currently experiencing fuel scarcity, and oil marketers have revealed that this is due to ongoing logistics challenges. Billy Gillis-Harry, the President of the Petroleum Products Retail Outlets Owners Association (PETROAN), explained in a recent interview that marketers are supply-constrained, meaning they can only distribute the fuel they have on hand. This shortage has […]