Refiners, Depot Owners Face Pressure to Reduce Fuel Prices in Nigeria

Petrol price rises 9% to N1,310/litre despite falling crude oil prices – Report

By Udeme Akpan & Ediri Ejoh Despite a five per cent drop in crude oil prices to $87.31 per barrel from $92, the domestic price of Premium Motor Spirit, PMS, also known as petrol, rose by nine per cent to N1,310 per litre from N1,205 per litre yesterday. Checks by Vanguard showed that MRS, a major downstream player, increased its retail price to N1,310 per litre from N1,205 per litre in Lagos and its environs. The checks further showed that other…

Refiners, depot owners face pressure to reduce fuel prices in Nigeria

Nigeria’s refiners and depot owners are under pressure to reduce gantry and ex-depot prices of Premium Motor Spirit, PMS, commonly known as petrol, following a decline in global crude oil prices. DAILY POST reports that Brent and West Texas Intermediate, WTI, crude blends dropped to $88.10 and $83.40 per barrel, respectively. The downward movement in […] Refiners, depot owners face pressure to reduce fuel prices in Nigeria

Oil price slide: Dangote Refinery, depot owners face calls to lower petrol prices

Nigeria’s domestic petrol market is coming under renewed pressure for a downward price adjustment following a decline in international crude oil prices, raising expectations that refiners and petroleum product depot owners may review their gantry and ex-depot prices. The development is particularly significant for the Nigerian downstream oil market, where petrol prices have risen in recent weeks despite the country’s increasing reliance on local…

Petrol Price Cut Pressure Mounts as Crude Oil Prices Fall

Nigeria’s fuel marketers are facing renewed pressure to lower petrol prices after a decline in global crude oil benchmarks, even as major refiners and depot ...

Refiners and Depot Owners Under Pressure to Slash Fuel Prices in...

Nigeria’s refiners and depot owners are under pressure to reduce gantry and ex-depot prices of Premium Motor Spirit, PMS, commonly known as petrol, following a... #business, #fuel, #flyingeze

PETROAN Pressures Refiners, Depot Owners to Cut Petrol Prices

 The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on refiners and depot owners to reduce the prices of petrol as pressure mounts across Nigeria’s downstream petroleum sector.The association is urging operators to review their gantry and ex-depot prices so that the benefits of changing market conditions can be passed on to consumers.The latest call comes amid growing concerns that petrol prices have not fal…