…The association said the implementation of the Petroleum Industry Act, deregulation of fuel pricing, rehabilitation of government-owned refineries and the emergence of private refineries had positioned Nigeria to become a major refining and distribution hub in Africa. However, it identified challenges including high fi…

…underscores the growing influence of global oil market developments on domestic fuel pricing, even as the refinery continues its strategy of selling petroleum products in naira.Dangote increases petrol price Legit.ng earlier reported that Dangote Petroleum Refinery has resumed coastal loading of Premium Motor Spirit (P…

…and marketers to absorb market risks, facilitate product distribution, and stabilize fuel pricing. He urged the Federal Government to introduce additional incentives that would support independent marketers and help keep fuel prices affordable for consumers. "Fuel distribution affects every sector of the economy. When…

…in Nigeria's downstream petroleum industry. The continued implementation of market-based fuel pricing, changing supply-chain dynamics, and increasing domestic refining capacity reshaped competitive conditions across the sector. While these structural reforms are expected to strengthen the long-term sustainability of Ni…