…State following an incident in which several persons suspected of illegally siphoning petroleum products reportedly died after inhaling toxic fumes. While community sources put the death toll at 43, the Rivers State Police Command said it could not confirm the actual number of casualties, stressing that investigation i…

…the victims had connected a pipe to a tapping point on a pipeline that transported petroleum products from the Indorama Eleme Petrochemical facility through the Port Harcourt Refinery to vessels that regularly came to load products for export. “The report further stated that while a vessel was loading the product and t…

…broader Vision 2030 strategy to strengthen fuel supply logistics and improve access to petroleum products nationwide.The announcement comes days after the refinery opened the sale of petrol to all licensed marketers.

The Independent Petroleum Marketers Association of Nigeria, IPMAN and the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have revealed the reasons for the latest fuel price hike in Nigeria. The national presidents of IPMAN and PETROAN, Abubakar Maigandi and Billy Gillis-Harry, respectively, b…

…Biafran side, there was never a case of fuel scarcity because we were refining our own petroleum products locally. “Now, in contemporary Nigeria, more than 5,000 cottage refineries have been destroyed by the government. I have advocated consistently that all these so-called illegal refineries should be legalised—assist…

…two vehicles conveying approximately 8,500 litres of suspected illegally refined petroleum products along the Ejemekuru-Obudi-Agwa axis of Imo State, arresting three suspects, while others fled and abandoned one of the vehicles. On 22 August 2026, personnel of Nigerian Navy Ship PATHFINDER disrupted three illegal refin…

The Nigerian Ports Authority, NPA, has announced that 26 vessels laden with petroleum products, food commodities and other cargoes are expected to arrive at Lagos ports between August 30 and September 13. The authority disclosed this in its Daily Shipping Position on Monday in Lagos. According to the NPA, 12 of the inc…

…“It is difficult to understand why we would invest heavily in producing high-quality petroleum products for Nigerians, only for those products to be mixed with imported products of uncertain quality and the resulting product to be associated with the refinery,” a source familiar with the refinery’s position said. The r…

…to filling stations. Although crude oil is a major input in the production of refined petroleum products, changes in crude prices do not translate immediately or proportionately into pump prices. Other factors include refining margins, product availability, import parity, exchange rates, freight and marine logistics, s…

…subsidy to the price of crude oil, noting that refining crude produces several other petroleum products apart from petrol. Onanuga cited diesel, aviation fuel and kerosene among the products derived from crude oil, and asked whether Atiku’s proposed subsidy would extend to those products as well. “Jet fuel and kerosene…

…price for the subsidy regime, spending between N3 trillion and N4 trillion subsidising petroleum products. "Pull us back to that era": Shehu Sani rejects Atiku's fuel subsidy pledge. Photo Sani>As reported by Daily Trust, he made the remarks at a press conference in Abuja.PAY ATTENTION: From breaking news to viral mome…

…and should therefore use its crude oil resources to bring down the cost of refined petroleum products. According to him, the proposed Atiku Fuel Affordability Plan, AFAP, would ensure that local refineries received the crude they needed at a price that would enable them to produce petrol at a reduced and affordable rat…

…subsidy would be difficult because Nigeria spent trillions of naira subsidising petroleum products in the past. “For a number of reasons, what he said is virtually impracticable,” he said. “We have also seen how beneficiaries of subsidies use this mantra of subsidy to defraud our country. Many of them have cases in cou…

…significantly reduce the financial strain associated with sourcing and transporting petroleum products.IPMAN National Publicity Secretary and Public Relations Officer, Chinedu Ukadike, said the initiative would make products more accessible to consumers while helping independent marketers avoid delays that often tie do…

…and reduce the economic inefficiency of exporting crude oil while importing refined petroleum products. It specifically stressed the need to protect investments in domestic refineries, including the Dangote Refinery and Waltersmith refinery, while encouraging greater value addition through petrochemicals and gas proces…

…price. Photo: Bloomberg>Nigeria has leaned increasingly on Dangote's refinery to supply petroleum products locally as the facility expands its output capacity. The new gantry rate could lead marketers to revisit their own pricing in the days ahead, with any wholesale increase likely to ripple into transport, manufactur…

…day, which is capable of meeting domestic demand and enabling Nigeria to export refined petroleum products. On crude oil production, Murray-Bruce challenged the President to identify and appoint officials capable of driving output towards the administration’s target of four million barrels per day by 2030. DAILY POST r…

…petrol ex-depot price to ₦1,165 per litre, down from ₦1,215, as part of efforts to make petroleum products more affordable and strengthen distribution across Nigeria. The ₦50 reduction took effect on August 6, 2026.Dangote Refinery expands free petrol delivery to more Nigerian states. ImagesThe free-delivery scheme is…

…activity would also strengthen industrial output, reduce dependence on imported refined petroleum products and improve Nigeria’s external position. “Moreover, manufacturing activity is expected to sustain growth momentum as lower inflation, continued exchange rate stability, and improved foreign exchange liquidity ease…

…report, the Dangote refinery, which supplies as much as 90 percent of Nigeria's refined petroleum products, has previously said that securing sufficient and reliable crude oil supplies remains a challenge. As a result, the refinery has sought crude oil from international sources to support its operations and expansion.…

…payments, increased crude oil production, the emergence of Nigeria as a net exporter of petroleum products and the more than doubling of tax collections as evidence of the recovery. The report also highlighted an increase in the minimum wage, saying it had doubled between 2023 and 2026. It further cited estimates by th…

…in global crude prices generally reduces what importers and marketers pay for refined petroleum products, which can eventually filter through to consumers.However, industry operators warn that any reduction at the pump will not happen overnight. Many fuel marketers are currently selling petrol bought at considerably hi…

…between rising fuel prices and weakening demand for the country’s three major petroleum products. According to the report, the average retail price of Premium Motor Spirit (petrol) rose from N1,035 per litre in January to N1,051 in February, before climbing to N1,289 in March. It increased further to N1,533 in April an…

…that the bypass is widely used by trucks conveying agricultural produce, livestock, petroleum products and manufactured goods between Kano and neighbouring states, making its condition vital to regional trade and logistics. “The maintenance project, which commenced on July 23, is expected to be completed within the nex…

…held an interactive session with key industry stakeholders, including the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), and Major Energies Marketers Association of Nigeria (MEMAN), to deliberate on reforms aimed at ensuring stabl…