Tag: #PetroleumSector
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FUEL PRICE HIKE LINKED TO MARKET FORCES – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the recent jump in fuel prices is driven by market dynamics, not government interference. Spokesperson George Ene-Ita explained that under Nigeria’s *deregulated petroleum sector, pump prices respond to supply and demand. Premium Motor Spirit, previously N875–N880 per litre, now sells between *N960 and N1,000 at independent…
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PETROAN CALLS FOR URGENT BOOST TO NIGERIA’S REFINERIES AMID MIDEAST CRISIS
Nigeria’s Petroleum Products Retail Outlets Owners Association (PETROAN) is urging the government to strengthen domestic refineries and ensure a steady crude supply, warning that the ongoing Middle East tensions could spike fuel prices and disrupt the local market. Dr. Billy Gillis-Harry, PETROAN President, said the crisis around the Strait of Hormuz has already sent global…
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KADUNA RALLY BACKS DANGOTE REFINERY, CONDEMNS SABOTAGE IN PETROLEUM SECTOR
Nigerians unite to defend Dangote Refinery and fight cartel control over oil refining. Thousands of Nigerians under the ‘Mega Citizens’ Rally Against Sabotage in Petroleum’ marched peacefully in Kaduna, condemning attacks on the Dangote Refinery and local refining efforts. Conveners called sabotage a national threat, accusing vested cartels and PENGASSAN of destabilizing Nigeria’s refinery sector.…
