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The planned revival of Nigeria’s Port Harcourt and Warri refineries could face a critical test beyond rehabilitation and technical completion, as the Petroleum Products Retail Outlets Owners…
Nigeria's PETROAN has proposed a transport subsidy to alleviate the economic impact of rising fuel prices, which are driven by global market volatility and local refinery issues.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for immediate reductions in fuel prices, citing the recent decline in international crude oil prices. The association urged marketers to adjust prices to reflect current market realities for consumers.
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has linked the recent reduction in diesel prices by Dangote Refinery to increased competition within Nigeria's downstream petroleum sector, which is expected to benefit consumers.
Reacting to the drop in crude price, the Chief Executive Officer, Petroleumprice.ng, Olajide Jeremiah, said the depots and retail outlets had not yet responded by effecting reductions in their prices. The post Expect depots, filling stations adjustment later — Expert, PETROAN appeared first on Vanguard News.